Sylvester Stallone a well-known movie star is likely to make a big loss of $1.15 million if at all he sales his home which is currently on market.
Sylvester Stallone is selling his house which is located in La Quinta, California, for $3.35 million, about $1.15 million less than what he paid for it a decade ago.
The 73-year-old actor, screenwriter, director and painter, bought the property in 2010 for $4.5 million via a trust, property records show.
His house is sitting on 4,889 square feet of interior space, at has four bedrooms and five baths, Outdoors, the 0.45-acre property has multiple terraces, a pool and a built-in firepit.
The mansion was built in 2008, also offers a spacious living room with double-height ceilings and a stone fireplace, a dining room, a kitchen with wood cabinets, a wood-and-stone center island, a breakfast room and a wine room.
He first listed it for $4.2 million in 2014. And 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 agent Mr. Reef said Mr. Stallone and his family used the home for desert vacations, and the property is well maintained.
Sylvester Stallone who is best known for creating and starring in the “Rocky, Rambo” film series, confirmed that he is the seller of the house.
Design details include wood double doors, arched entryways, vaulted and beamed ceilings, as well as fireplaces throughout.