A Beverly Hills compound with a two-hole golf course modeled after the 12th and 13th holes at Augusta National Golf Club is coming on the market for $72 million. It is the latest in a string of high-price homes seeking buyers in the Los Angeles market. Including the guesthouse and pool pavilion, the compound spans about 21,000 square feet on 10.57 acres, according to the listing agents. At the center of the roughly 17,000-square-foot main home is an enormous grand ballroom with 25-foot ceilings and large white walls for displaying the owners’ art collection. There are also two swimming pools, a wading pool, a tennis court, a bocce court and parking for more than 40 cars, according to the listing. Owners Steven and Laura Dunn said they bought the main home and two adjacent sites for $11.2 million in 2011, and estimate that they spent about $30 million completely upgrading the house, tearing down interior walls, redoing the facade and reconfiguring the rooms. When they first saw the original house on the site, “I said I thought the architect should be shot,” Mr. Dunn said, noting that the best views were from the maid’s room. He added that 12 stone masons worked on the...