Bill Asher, who owns adult film production company Vivid Entertainment, snagged an estate in Montecito, his second home in the area. A nearby home he owns was severely damaged in last year’s mudslides.
Asher paid $14.5 million for the Hot Springs Road home, according to Yolanda’s Little Black Book. That was $1 million less than the list price, and $5.5 million off the original asking price from 2016, according to the report.
Laurel Beebe Barrack was the seller. The ex-wife of Colony Capital CEO Tom Barrack, she listed the home for $20 million in 2016.
The Spanish Colonial was designed in 1920. The home on 3.3 acres is walled off and features three-gated access points. The main home includes 9,800 square feet of space, with six bedrooms and eight bathrooms. The property also features a guesthouse, pool, pool house, tennis court, and spa.
Asher also owns a 3.5-acre estate down the street, according to Yolanda. That home, which he paid $8 million for, was damaged in the January 2018 mudslides.