A wave of expensive properties hit the market this week, adding to the glut of luxury residences on the market. There was also one notable price cut for a property in Beverly Hills that’s been languishing for as long as its former owners have been divorced.
Rockstars and former couple Gwen Stefani and Gavin Rossdale chopped the ask on their 15,000-square-foot home from $35 million to $24 million, a 31 percent drop. Located in a gated neighborhood in Beverly Hills, the home includes seven bedrooms and seven bathrooms. There’s also a tennis court and swimming pool. Stefani and Rossdale paid $13.3 million for the home in 2006, a decade before they split. They put the home on the market in shortly after divorcing.
Jay Stein, chairman of department store retailer Stein Mart, put his 8,400-square-foot pad on the market this week at $29.5 million, Variety reported. Stein and his wife Deanie bought the home for $22.5 million nearly three years ago, though they didn’t appear to make significant upgrades to the Trousdale Estates home. The modern, one-story home includes six bedrooms, eight bathrooms, a wine cellar and infinity edge swimming pool.
In the Holmby Hills, a Spanish-style mansion once owned by the late actor Vincent Price has hit the market for $21 million. Billionaire Peter Sperling, son of the founder of the University of Phoenix, is selling the 11,650-square-foot home. In addition to eight bedrooms and 14 bathrooms, the residence includes a library, theater, game room with a bar and an art studio. He bought the home for nearly $15 million in 2004. Price, who starred in several horror movies including “House on Haunted Hill,” died in 1993.
Jordana Woodland, founder of lingerie brand Naked Princess, broke an L.A. County record this week. The actress, who was married to disgraced venture capitalist Michael Goguen, sold her penthouse duplex for $13.3 million. While that reflects a sharp drop from the original $20 million ask, it still marks the most expensive condo sold so far this year. It’s unclear who the buyer is. Located in the amenity-rich Remington tower, the 6,000-square-foot unit includes three bedrooms and five bathrooms.