Foreign Property News | Posted by Aye Myat Thu
Less than a month after the Los Angeles wildfires threatened to destroy it, Gwyneth Paltrow’s longtime home in Los Angeles’ Brentwood area has sold for $22 million.
The home, which was unharmed by the fires, came on the market for $29.99 million in May 2024.
The price was lowered to $24.9 million in October.
Paltrow and her ex-husband, Chris Martin, bought the house for $9.95 million in 2012, property records show.
The buyer is unknown.
The property is located in the Mandeville Canyon area of Brentwood, which is known for its sprawling lots, tall hedges and old-growth trees.
The area was ultimately largely spared from the fires.
The market in L.A.-area neighborhoods relatively unaffected by the disaster has spiked in recent weeks, as displaced people look for new homes.
Paltrow’s property went under contract before the fires threatened it, however.
(Paltrow, shown in 2024, is an actress and the founder of Goop. Marechal Aurore/Abaca/ZUMA Press)
Paltrow, who married writer-producer Brad Falchuk in 2018, was looking to sell the property because her children were getting older and she recently finished building a new home in Montecito, her listing agent, Lea Porter of the Beverly Hills Estates, told The Wall Street Journal last year. Porter declined to comment on the sale.
Built in the 1950s, Paltrow’s single-story house was gut renovated around 2009.
It spans about 8,000 square feet with six bedrooms and includes a large kitchen with a wood-burning oven. There is also a one-bedroom guesthouse with a wine cellar, office, gym, game room and movie theater.
Ref: Gwyneth Paltrow Gets $22 Million for Her Los Angeles Home Photo Credit- ZUMA Pres
