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Actor Sylvester Stallone Selling La Quinta, California, Villa at a Loss

Actor Sylvester Stallone Selling La Quinta, California, Villa at a Loss

 

“Rocky” star Sylvester Stallone is selling his abode in La Quinta, California, for $3.35 million, about $1.15 million less than what he paid for it a decade ago.
The Mediterranean- and Tuscan- style villa has 4,889 square feet of interior space, including four bedrooms and five baths, according to the listing with Josh Reef of Douglas Elliman, who listed the property Wednesday.
The two-story home, built in 2008, also offers a spacious living room with double-height ceilings and a stone fireplace, a dining room that opens to a terrace, a kitchen with wood cabinets, a wood-and-stone center island, a breakfast room and a wine room, according to the listing.
Mr. Stallone, 73, an actor, screenwriter, director and painter, bought the property in 2010 for $4.5 million via a trust, property records show.
He first listed it for $4.2 million in 2014. Since then, the home had been on and off the market at different prices with changes of brokers. It was taken off the market in 2016, when it was last listed at $3.625 million, listing records show.
A rep for Mr. Stallone, who is best known for creating and starring in the “Rocky” film series, confirmed that he is the seller, but had no further comment.
Listing agent Mr. Reef said Mr. Stallone and his family used the home for desert vacations, and the property is well maintained.
Design details include wood double doors, arched entryways, vaulted and beamed ceilings, as well as fireplaces throughout.
Outdoors, the 0.45-acre property has multiple terraces, a pool and a spa, and a built-in firepit.
“It sits on the largest lot of all villas in La Quinta,” Mr. Reef said. “And it has a burbling creek flowing through the backyard, which is very special.”



BY FANG BLOCK 
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