General News

Sylvester Stallone selling California vacation villa at a loss

“Rocky” star Sylvester Stallone is selling his abode in La Quinta, California, for $3.35 million, about $1.15 million lower than what he paid for it a decade in the past.

The Mediterranean- and Tuscan- model villa has 4,889 sq. toes of inside house, together with 4 bedrooms and 5 baths, in keeping with the itemizing with Josh Reef of Douglas Elliman, who listed the property Wednesday.

The 2-story residence, in-built 2008, additionally affords a spacious front room with double-height ceilings and a stone hearth, a eating room that opens to a terrace, a kitchen with wooden cupboards, a wood-and-stone heart island, a breakfast room and a wine room, in keeping with the itemizing.

Stallone, 73, an actor, screenwriter, director and painter, purchased the property in 2010 for $4.5 million by way of a belief, property information present.

He first listed it for $4.2 million in 2014. Since then, the house had been on and off the market at totally different costs with modifications of brokers. It was taken off the market in 2016, when it was final listed at $3.625 million, itemizing information present.

A rep for Stallone, who’s greatest recognized for creating and starring within the “Rocky” movie collection, confirmed that he’s the vendor, however had no additional remark.

Itemizing agent Reef mentioned Stallone and his household used the house for desert holidays, and the property is properly maintained.

Design particulars embrace wooden double doorways, arched entryways, vaulted and beamed ceilings, in addition to fireplaces all through.

Open air, the 0.45-acre property has a number of terraces, a pool and a spa, and a built-in firepit.

“It sits on the biggest lot of all villas in La Quinta,” Reef mentioned. “And it has a burbling creek flowing by means of the yard, which could be very particular.”

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Tina Sanders

Tina Sanders

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