Rob Lowe Drops Price on $5.2M Beverly Hills Mansion After Market Shift.
Rob Lowe seems to have second thoughts about raising the asking price for his Beverly Hills home, as he has now lowered it.
According to Mansion Global, the actor increased the price of his property by $146,000 in January, right after the devastating fires that hit Los Angeles. At that time, the listing was set at $5.5 million for the upscale estate. However, as of last Monday, the price has been reduced by $373,000, bringing it down to $5.2 million.
Photo: Coldwell Banker
The house has been on the market for almost a year now. It looks like Lowe is eager to sell, as this is the lowest price it has been since it was listed in July. He initially aimed to sell it for $6.5 million. The listing was taken down last fall but was relisted in early December before the price hike in January.
Lowe has owned the property for about five years, having purchased it in October 2020 with his wife, Sheryl Berkoff, for $3.75 million through a trust linked to her.
Photo: Coldwell Banker
Built in the 1950s, the home boasts over 3,000 square feet of living space across two levels. It features a family room with a wet bar and gym, along with an open floor plan. There are 4 bedrooms and 4.5 bathrooms. The outdoor space is equally impressive, featuring a sitting area with a fireplace, a pool and hot tub, and a putting green. Additionally, there’s a fire pit and a covered outdoor dining area on the upper level.
With a career that spans over 40 years, Lowe has amassed a fortune estimated at $100 million. He first rose to fame in the 1980s as part of the Brat Pack, starring in films like The Outsiders, St. Elmo’s Fire, and About Last Night. His career later revived on television with roles in The West Wing and Parks and Recreation.
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In addition to acting, Lowe has expanded his income through real estate investments, brand endorsements, and his men’s skincare line, Profile by Rob Lowe. He has also written several memoirs that became New York Times bestsellers, further increasing his wealth.
Photo: Coldwell Banker
Lowe and Sheryl Berkoff have been happily married since 1991, which makes them one of the most enduring couples in Hollywood. Sheryl is a talented makeup artist who has contributed to big films and has also made a name for herself as a jewelry designer.
When it comes to real estate, the actor knows his way around high-stakes deals. He sold his Montecito mansion for $45.5 million in 2020, after initially putting it on the market for $47 million. Now, with this latest price drop, it’ll be interesting to see if Lowe can finally sell his Beverly Hills home or if he’ll need to make further adjustments to draw in buyers.
Photo: Coldwell Banker
Rob Lowe’s Beverly Hills home is a stunning property with luxurious amenities, and its recent price drop makes it an even more attractive opportunity for buyers. With its elegant design, spacious layout, and beautiful outdoor spaces, the estate offers a perfect blend of comfort and sophistication. Lowe’s keen eye for real estate has led to successful sales in the past, and this home is no exception.
Photo: Coldwell Banker
Given his track record in high-end property deals, it’s only a matter of time before the right buyer comes along. This price adjustment could be the key to finalizing another successful sale for the Hollywood star.
