What’s New in LA’s Celebrity Real Estate Market?

Many celebrities are known around the world for their eccentric taste in fashion, but in California, all the excitement is in real estate.

For example, Bob Hope’s unconventional Coachella Valley estate just sold. This 23,000-square-foot, six-acre, volcano-inspired desert “spaceship” was designed just for Hope and his wife Dolores and was constructed in 1979 from steel, concrete, and glass. Despite this property’s eccentric features (a boulder and giant curved copper roof in the living room) and more traditional amenities (swimming pool, tennis court, waterfall, pond, and pavilion) it’s been on the market for three years. Originally listed at $50 million, this home sold for $13 million.

It seems even the homes of the rich and famous don’t always sell for their listing prices, though this one is a little outside of California. Oscar-winner Julia Roberts’ home in Hawaii sold recently for just a bit over half the asking price. The 200 feet of Kauai beach, five bedrooms, 3,800 square feet, two-bedroom guest cottage, and sweeping views of the mountains and sea weren’t enough to meet the $29.85 million asking price. Roberts originally purchased the 3,800-square-foot property five years ago for $13.375 million and sold (through Neal Norman of Hawai’i Life Real Estate Brokers) for $16.2 million.

But celebrities aren’t just buying and selling homes these days, they’re flipping them as well! Cindy Crawford and her husband Rande Gerber paid $50.5 million last year for a secluded 5,200-square-foot, three-acre beachfront property on the Pacific Coast Highway. The couple remodeled the home, which now features oversized windows off the great room and opens the main floor. Some of the bedrooms boast fireplaces or private entrances. Outside the stunning interior, the lucky new buyer will find a large, ocean-facing deck, fire pit, swimming pool, and spa: more than enough options for taking in the incredible ocean views. The listing price for this Malibu jewel is $60 million.

Alyson Hannigan and husband Alexis Denisof also just flipped their four-bedroom, six-bath 1936 Brentwood home for a little over $1 million in profit. The couple paid $7.89 million for the property last year and after improving it with refinished floors, a remodeled kitchen, a pool, a master suite with a private terrace and fireplace, and a three-room guesthouse, sold the New England-style home for $8.795.

Finally, Ozzy and Sharon’s Beverly Hills home has just hit the market, and though the couple moved out already, it has not yet sold. The 5,400-square-foot, four-bedroom, six-bath property is listed at $26.895 million. Designed by Paul R. Williams in 1955, the exterior features a mosaic tile pool and cabana complete with a gym, bathroom and kitchen, a guest house, and even staff quarters. The interior boasts a steam shower and spa in the master suite, a gourmet kitchen and family room with bar and fireplace for casual entertaining, as well as a formal breakfast room and formal dining room that seats 20 for more buttoned-down occasions. With all the amenities and the famous 90210 zip code, this property is sure to go for a price that should make the Osbournes very happy.


Arlene is committed to the highest standards of excellence, integrity, and service to faithfully serve her clients. Arlene Rutenberg is a premier luxury real estate broker in Southern California with vast experience in the Los Angeles Westside real estate market and an extensive international network of clients, real estate agents, and partners.

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