This week in celeb real estate: Chainsmokers DJ picks up another home, Tommy Lee drops his asking price.. and more

TRD LOS ANGELES /
Dec.December 21, 2018 05:00 PM
From left: Tommy Lee and Drew Taggert (Credit: Getty Images)

With the holidays looming, the wheels of celebrity real estate slowed considerably, with only one trade recorded above $10 million. That lone purchase came at the dial-twisting hands of Drew Taggart, one-half of the Chainsmokers group and a strong investor in Los Angeles spec homes. Otherwise, celebrities reacted to a softening market, relisting their properties at discounted asking prices.

Taggart, an EDM star, dropped $12 million on a new spec home in the Hollywood Hills. Developed by ANR Signature Group, the 10,100-square-foot property includes six bedrooms and seven bathrooms. It also features a massive indoor courtyard and swimming pool. ANR paid $3.9 million to acquire the land in 2015, records show. The home marks the fourth time Taggart has bought a spec home in L.A. He currently owns two properties in Sherman Oaks and another in West Hollywood, all acquired in the last few years.

Things aren’t going as well for Tommy Lee, who is struggling to unload his Calabasas home. The Motley Crue drummer relisted his almost 10,000-square-foot home for $4.65 million, down from nearly $6 million in 2016. The three-story home, built in 1987, has six bedrooms, including a master bedroom that’s covered in fuzzy furniture and carpets. There’s also a piano-shaped pool, Koi pond and 3,000-square-foot recording studio on the grounds.

Irish actor Stuart Townsend sold his Malibu home for $4.1 million, about $1 million short of his original asking price of $5.3 million. Located on a three-acre spread in the Big Rock Mesa neighborhood, the residence includes three bedrooms and three bathrooms within 2,500 square feet of space. There’s also a swimming pool and tennis court outside, plus a detached guesthouse. Townsend paid $3 million to acquire the property in 2014, the Los Angeles Times reported. He’s best known for his role in “Queen of the Damned,” and most recently, “Salem.”

Former L.A. Lakers star Jerry West cashed in $2 million from his sale in Playa Vista recently. Spanning 3,700 square feet, the three-story pad includes three bedrooms and four bathrooms. There’s also a media room and office inside the home, the Los Angeles Times reported. West, who now holds an executive board member position with the L.A. Clippers, bought the property over a decade ago for $1.7 million. The home was built in 2006, and then listed for sale in September. Before joining the Clippers last year, West served as general manager for the Lakers for two decades.


Related Articles

arrow_forward_ios
Actor Charlie Sheen and his mansion at 14003 Aubrey Road in Mulholland Estates (Credit: Getty Images and Realtor.com via LAT)

Charlie Sheen takes a loss on Mulholland Estates party pad

Michelle Pfeiffer, Jim Crane and the home (Credit: Getty Images and Zillow)

Move over Ellen: Michelle Pfeiffer is latest celeb RE player

Mohamed Hadid and the mansion (Credit: Getty Images, iStock, and Mega via TMZ)

Judge puts Hadid’s Bel Air mansion on demolition fast-track

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

arrow_forward_ios
Loading...