Fitness entrepreneur Suzanne Somers sells pair of Malibu properties for $12M

The former actress and her husband made a $7.3 million profit

Apr.April 27, 2016 01:00 PM

A photo posted by Suzanne Somers (@suzannesomers) on

Actress and fitness guru Suzanne Somers recently sold a pair of oceanfront properties in Malibu for just over $12 million, Variety reported.

Although the sale was $4 million shy of the $16.3 million combined asking price, Somers still made a hefty $7.3 million profit. The Thighmaster maestro and her TV host husband Alan Hamel purchased the first of the two parcel for $2.3 million in 1999 and the adjacent one two years later for $2.4 million.

One of the lots once housed a cottage, but it burned down in a 2007 wildfire and the land remains undeveloped. The empty lot “is close to having building permits” for a two-story contemporary-style house designed by architect Bob Easton, according to the listing.

The couple is also selling their resort-style residence in the canyon above Palm Beach. Sitting on 73 acres of land, the compound is listed for $14.5 million. [Variety]Cathaleen Chen

Related Articles

Mindy Kaling and her new oceanfront home in Malibu (Credit: Mike Helfrich and MindyAsst/Wikipedia)

Mindy’s latest project: Actress buys Sinatra’s Malibu pad for $10M

Scott Gillen Lists Malibu Spec Mansion For $100 million

Another day, another $100M listing in Malibu

Billionaire David Saperstein lists Malibu home (Credit: Alfred Yson/Sotheby's International Realty via The Wall Street Journal)

Metro Networks founder Saperstein lists Malibu home for $115M

Shaun White is selling his Malibu properties.

Shaun White is freeriding out of Malibu

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

Candy Spelling and her home on 21500 block of Pacific Coast Highway (Credit: Getty Images, Redfin)

Spelling is a-selling: Candy Spelling lists Malibu estate after former home breaks record

The five priciest listings in L.A. County last week

Here are the 5 priciest residential listings in LA County last week