Embattled actress Lori Loughlin and husband Mossimo Giannulli are getting rid of their large Bel Air estate, TMZ reports. They’ve listed it for a little over $28 million, but a source close to the couple says that despite what you might be thinking given their current well-publicized legal problems, the decision to sell has nothing to do with their ongoing college admissions scandal, their approaching trial, or anything other than business as usual for the two.
The source further elaborates that Giannulli has a “passion for architecture,” and that the couple have made it a habit of buying up, renovating, and then selling their family home every several years. This particular property was purchased back in 2015 for just under $14 million. They previously listed it in 2017 for $35 million but took it off the market the following year. Now they’re trying again with a lower price.
As for the house itself, it features six bedrooms, nine bathrooms, and sprawls across 12,000 square feet. Here’s how it’s described in the listing: “Completely private and located behind gates on a very prime Bel Air cul-de-sac. An extraordinary, just completed Contemporary Mediterranean estate built with a level of quality & taste above and beyond, blending state of the art details and timeless design. Extremely dramatic with incredible scale throughout, all rooms directly overlooking the most spectacular rolling green lawns of Bel Air Country Club. Flooded with natural light and beautifully proportioned open spaces. Stunning two-story entry with sweeping staircase, incredible walls for art. Beautiful step down living room, spectacular media room, paneled library, oversized formal dining room, gourmet eat-in kitchen with commercial appliances.”
There’s also an interesting wrinkle attached to the sale: a maximum realtor commission of $1 million, rather than the usual five percent of the closing price.
| Detail | Information |
|---|---|
| Property Type | Contemporary Mediterranean Estate |
| Price | $28 Million |
| Bedrooms | 6 |
| Bathrooms | 9 |
| Square Footage | 12,000 sq ft |
| Year Purchased | 2015 |
| Previous Listing Price | $35 Million (2017) |
| Current Listing Price | $28 Million |
