Home » Lifestyle » Sylvester Stallone relists Los Angeles mansion for $85 million – after a $45 million price reduction
Sylvester Stallone relists Los Angeles mansion for $85 million – after a $45 million price reduction
Luxury real estate specialist not expecting a market crash
Katrina Campins on real estate market
Sylvester Stallone is attempting to offload his lavish Beverly Hills mansion after once having the enormous property on the market for over $100 million but seeing no action.
The "Rocky" star first listed the mega estate back in January for $130 million. He ended up slashing the price on it by some $25 million before removing the listing.
Now, Stallone is putting his more-than-modest home back on the market for $85 million and is hoping that a buyer with deep pockets finds the 21,000 square-foot, 1990s custom-built pad intriguing enough to drop big money on it – especially considering its $125,000 tax bill, according to Dirt.com.
The land was purchased by Stallone who built the home. The entire property sits atop 3.5 acres.