Adult film company owner Bill Asher snags $15M Montecito compound

The Vivid Entertainment exec also owns a home nearby, which was damaged in the 2018 mudslides

The Montecito estate
The Montecito estate

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.

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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.

The acquisition adds to a string of recent home purchases in the area by celebrities. Rob Lowe and Ellen DeGeneres have all purchased pricey homes in the area. [Yolanda]Gregory Cornfield