Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC

The 13,500-square-foot home's sale is pending for $17.9 million after a price cut

Los Angeles /
Sep.September 17, 2021 10:59 AM
Luciana Barroso and Matt Damon with the seven bedroom house (The Agency Real Estate, Getty)
Luciana Barroso and Matt Damon with the seven bedroom house (The Agency Real Estate, Getty)

Matt Damon’s Pacific Palisades estate found a buyer after the actor cut his asking price by $3.1 million to $17.9 million.

Damon listed the property in January for $21 million and chopped the price in early August, according to the New York Post. The roughly 16-year-old home spans 13,500 square feet. The sale is still pending.

Damon and his wife, Luciana Barroso, paid $15 million for the home in 2012. They listed it a few months after the couple decided to move to a Brooklyn Heights penthouse they bought for $16.8 in late 2018, breaking a sales record for the borough in the process.

The Pacific Palisades home has seven bedrooms and 10 bathrooms. The central atrium has 35-foot-tall vaulted ceilings. Amenities include a game room, bar, gym, and office. It also includes staff quarters, a koi pond and a pool area with a large pavilion, waterfall, and spa.

The sale is somewhat middle-market for Pacific Palisades, where homes regularly sell in the eight figures.

Actress Michelle Pfeiffer and husband David E. Kelley flipped their 10,300-square-foot home in the neighborhood for $25 million.

The priciest sale of the year in the area closed in late July, when developer Ardie Tavangarian sold a 20,000-square-foot spec project for $83 million.

Vice Media founder Shane Smith sold an estate on the southern edge of Pacific Palisades in April for $48.7 million.

[NYP] — Dennis Lynch

Correction: Updates to reflect that sale is still pending, fixes timing.





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