In Glenbrook Valley, a historic 1950s neighborhood near Hobby Airport where buyers cherish original pink bathroom tile and wood-paneled walls, the holy grail of midcentury architecture is about to hit the market.

The house at 7911 Santa Elena has the feel of walking into "James Bond's house," the owner told the Chronicle two years ago.

The 3,419 square-foot home sits on 16,601-square-foot lot and is referred to as a "time capsule" because little has changed since it was built in 1955.

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Realtor Robert Searcy said the home is "probably the most photographed and coveted house" in the neighborhood

It's most notable feature: the "Kit Kat lounge," a party room furnished in 1960 by Finger Furniture with a martini bar and built-in movie screen.

The home was designed by Doughtie and Porterfield, who also designed the Frank Lloyd Wright-influenced First Pasadena State Bank building.

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The home has been on architecture tours, featured by magazines and is listed in Stephen Fox's Houston Architectural Guide.

Searcy has lived in the neighborhood for decades and long championed its stock of midcentury homes. He helped the effort to designate the neighborhood as a historic district, which, he argues, has boosted property values there.

The price on the Santa Elena home: "a very firm $425,000," Searcy said.

A historical designation report from the city's Archaeological & Historical Commission describes the "Kit Kat lounge:"