Tom Hanks sells neighboring Pacific Palisades properties for $17.5M

Double-home listing hit the market last year asking $18M

TRD LOS ANGELES /
May.May 15, 2017 02:31 PM

Tom Hanks has unloaded a double-home listing about a year after it first hit the market for a combined price of $17.5 million — just slightly under ask.

The two neighboring homes in Pacific Palisades were scooped up by a buyer registered to an address in San Francisco.

Hank’s four-bedroom Spanish revival sold for $7.3 million, considerably below its ask of $8.75 million, Variety reported. His English country mansion with seven bedrooms sold for $10.2 million —  nearly $1 million above its ask of $9.25.

Both homes sit on one-acre lots and feature sweeping canyon views.

Mary Lu Tuthill of Coldwell Banker Residential Brokerage and David Offer of Berkshire Hathaway HomeServices California Properties were the listing agents.

The Spanish Revival villa, built in 1933, spans nearly 4,000 square feet and features beamed ceilings, paneled dining room, and hardwood floors. Its bigger counterpart, spanning 7,260 square feet, contains seven bedrooms and 6.5 baths. It also has a screening room, eat-in kitchen, and a billiard room.

Hanks bought the twin properties with his wife Rita Wilson in two off-market transactions in 2003 and 2007 for a little over $13.1 million. [Variety]Cathaleen Chen


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