The Hurt Valuation: Kathryn Bigelow slashes price on Beverly Hills home

Movie director seeking buyer at $10.9M price

Mar.March 10, 2020 03:00 PM
Kathryn Bigelow and the home (Credit: Trisha Leeper/FilmMagic/Getty Images, and Coldwell Banker)
Kathryn Bigelow and the home (Credit: Trisha Leeper/FilmMagic/Getty Images, and Coldwell Banker)

In the Kathryn Bigelow movie “Point Break,” surfer/bank robber Bodhi observes, “Fear causes hesitation, and hesitation will cause your worst fears to come true.”

Bigelow might be ruefully recalling Bodhi’s wisdom today as she shops her Beverly Hills home at a reduced price after prior attempts to sell the estate, only to pull it off the market.

An 8,000-square-foot home at 3201 Coldwater Canyon Lane that property records trace to the Oscar-winning director hit the market Saturday with a listed price of $10.9 million.

The four-bedroom, four-bathroom dwelling has 180-degree views of the Los Angeles Basin, an open floor plan, and a giant motor court, according to the listing.

The abode was first put on the market for $13.3 million in December 2018 before the “Hurt Locker” and “Zero Dark Thirty” auteur delisted it a month later, and then re-listed the estate three months after that at the reduced price of $12.9 million.

Bigelow, again, kept the property on the market for just one month at its $12.9 million price, and delisted it in May 2019.

Bigelow has also twice listed the home for rent in the past year, once for $35,000 a month and then later the reduced price of $30,000 per month, before pulling that listing in August 2019.

In the process of putting the home on and off the market, the “Blue Steel” director has also changed real estate agents — moving on from Joan Cohen at Sotheby’s International Realty to Dustin Nicholas of Nicholas Property Group. Messages left with Nicholas on Tuesday were not returned.

Bigelow bought the property for $1.8 million in 1989, and, according to Variety, the seller was fellow marquee director and Bigelow’s former spouse, James Cameron.

Even at the reduced price, Bigelow may be asking too much, according to Zillow, whose estimated value on the property is $6.4 million.

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