On June 1 1948, Walt and Lillian bought the lot where they built the house where they lived until their deaths - Walt in 1966 and Lillian in 1997.
The home was located at 355 Carolwood Drive in Los Angeles, on 5 acres in the developing and exclusive Holmby Hills area, and they moved in during February of 1950.
There is very little information on the house itself, but I do know that Walt did not want it to be a mansion like the other homes in the area, because he did not want a staff to maintain it. Almost all literature on Walt's time at this address focus on his building a miniature railroad around the property, which is dubbed the Carolwood Pacific Railroad.
I was able to find the photos above, but they do not provide a very complete picture of the home. Why did the Disneys move from the super home on Woking Way? In my opinion, there are at least two reasons. By 1948, Walt was famous enough that they may have needed more distance between them and the public roadway, and second Walt needed a large level lot on which to build his railroad.
When Lillian died in 1997, the property was sold. The new owners promptly tore down the house, siting structural problems and asbestos. Who knows if that is true, but the home they built in 2001 to replace it is shown as it appears on Zillow. It is 22,396 square feet and has 7 bedrooms and 14 bathrooms.
Yeowza. That should keep the house staff busy.