The Real Deal New York

Actor Rob Lowe’s $42M California home finds a buyer

December 21, 2013 02:00PM

Actor Rob Lowe and his wife, Sheryl Berkoff, are on the verge of selling their Montecito, Calif. home for $42 million.

Sources told the New York Post that the 20-room mansion on four acres might have found a buyer. An insider said, “I don’t believe the deal is done, but [it] could be shortly.”

The potential buyer is not yet known, but they will be joining notable neighbors, including Oprah Winfrey, Ellen DeGeneres, Drew Barrymore and Google’s Eric Schmidt.

“The kids are grown up,” a local real estate agent said. “They don’t need such a big place.” [NYP]Christopher Cameron