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The Gloves Are Off: Sylvester Stallone Chops $25 Million From Los Angeles Mansion

Mansion Global
The Gloves Are Off: Sylvester Stallone Chops $25 Million From Los Angeles Mansion
The Stallones are ready to part with the massive home, brimming with “Rocky” and “Rambo” memorabilia, now listed for $85 million
By Liz Lucking
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Composite: Anthony Barcelo; Getty Images
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Composite: Anthony Barcelo; Getty Images
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Silver screen tough guy Sylvester “Sly” Stallone relisted his longtime Los Angeles mansion on Tuesday with a freshly trimmed $85 million price tag.
The new ask is $25 million less than the $110 million sticker price that the actor first slapped on the memorabilia-loaded estate when it emerged on the market in January, listing records show. ....

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Top Sales: Spec homes and celebrities fuel a red-hot November market [Los Angeles Times]

Top Sales: Spec homes and celebrities fuel a red-hot November market [Los Angeles Times]
After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million. ....

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Top Sales: Spec homes and celebs fuel a hot November market

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After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million.
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It’s a massive sale but far shy of the original $100-million price tag when it first listed in 2017 (alongside a racy marketing campaign that involved a house tour filled with luxury cars and scantily clad women). ....

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