Chris Pratt is coming back down to earth the same week “The Super Mario Galaxy Movie” takes off in theaters.
Pratt and his wife Katherine Schwarzenegger have once again yanked their Pacific Palisades mansion off the market, extending a nearly three-year saga marked by steep price cuts and stalled deals, Realtor.com reported.
The couple first listed the roughly 13,000-square-foot home at 1362 Bella Oceana Vista in 2023 for $32 million after building the property from the ground up on a site they bought in 2018 for $15.6 million. Despite multiple relistings, open houses and at least one accepted offer that fell out of escrow, the home never traded, most recently asking just under $20 million before now being delisted again.
The repeated false starts underscore the challenges in finding buyers at the top end of the market. But those issues bleed beyond high-end homes, according to Redfin data. Last August, 14.9 percent of sales in Los Angeles fell apart; across the country, 15.1 percent of all contracts signed fell through, marking the highest percentage of canceled sales for the typically hot month since Redfin began tracking the data in 2017.
At least one prior delisting from Pratt and Schwarzenegger was tied to personal timing, as the couple’s third child was born late last year. Even after trimming more than $12 million off the original ask, the home struggled to gain traction.
Pratt and Schwarzenegger aren’t waiting for a sale to close to find a new home. The couple is moving forward with a new custom mansion in Brentwood. They bought the property in 2024 for $12.5 million and broke ground that year, demolishing an existing midcentury home to make way for the new build. The teardown of the Craig Ellwood-designed Zimmerman House sparked backlash from preservationists.
While construction there progresses, the couple has reportedly been staying at a Montecito estate owned by Katy Perry, located across the street from Schwarzenegger’s mother, Maria Shriver. That property has been the subject of a yearslong legal dispute between Perry and the home’s former owner, entrepreneur Carl Westcott, after he backed out of selling the Montecito home for $15 million, claiming he had been under the influence of painkillers when he agreed to the sale. Perry’s lawyers argued that Westcott was of sound mind when he agreed to the deal and only wanted to back out because he hadn’t been able to find another new home. The lawsuit came to an end in January when a judge ruled that Westcott owed Perry $1.8 million in lost rental income.
— Chris Malone Méndez
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