May 20, 2020

This week's top real estate headlines

Things in the real estate world are a little bit "Rocky" for muscle-strapped Hollywood icon Sylvester Stallone. The actor is listing his La Quinta mansion yet again, this time with a price tag that represents a $1.2 million, gut-punching loss. Meanwhile over in the San Fernando Valley's Valley Village neighborhood, the Fanning sisters have an East Coast Traditional-style home on the market for a little under $2.7 million. They paid $2.3 million for the property about three years ago, so the dynamic duo stand to make a tidy profit.

In other news, Netflix exec Melissa Cobb is seeking $5.85 million for a regal Silver Lake estate, Matt Brubaker lowered the price of his Sunset Strip contemporary, Melissa Ordway flipped a Toluca Lake bungalow, Kristin Cavallari and Jay Cutler are set to lose big in Nashville, David Arquette sold his Encino home in an off-market deal, Dirt chatted with The Agency founder Mauricio Unmansky, Rams quarterback Jared Goff is settling into a new Hermosa Beach house, and "Chopped" creator Linda Lea is seeking $9 million for a Sunset Strip property that she flipped.

Click below, or visit Dirt.com for more breaking real estate stories.

Sylvester Stallone Lists Desert Getaway in La Quinta’s Madison Club

Sited in the exclusive and guard-gated Madison Club, the sprawling house sports a classic red tile roof and shares a driveway with three other nearly identical villas. Behind tall walls lies a private courtyard — exclusive to the Stallone residence — with a fountain and dining terrace surrounded by a lush garden.

By James McClain • READ MORE

The Fanning Sisters List Valley Village Home

The family-sized residence is hidden down a private, gated lane in the rapidly gentrifying Valley Village area with six bedrooms and 5.5 bathrooms in just under 4,600 square feet. READ MORE

Netflix’s Melissa Cobb Lists Regal Silver Lake Estate

The Netflix exec has listed the covetable house, a decadently genteel, clapboard-sided affair, for a hefty $5.85 million. The Cobb estate sits far above the road below, on a high knoll with views galore. READ MORE

Soap Star Melissa Ordway Flips Toluca Lake Bungalow

Though she bought it just six months ago for a tad above $1.2 million, Melissa Ordway has flipped a Spanish-style mini-compound on the border of L.A.’s starry Toluca Lake and Studio City communities back up for sale at not quite $1.4 million. READ MORE

David Arquette Sheds Encino Spread in Off-Market Deal

David Arquette has sold his celeb-pedigreed estate in L.A.’s ever-more-expensive Encino suburb in an off-market deal valued, according to tax records, at exactly $5 million. READ MORE

Rams Quarterback Jared Goff Spends Big in Hermosa Beach

Frequently house-hopping NFL quarterback Jared Goff is on the move yet again, having ponied up $5.8 million for a brand-new house in the L.A. seaside town of Hermosa Beach, Calif. READ MORE

‘Chopped’ Creator Linda Lea Renovates and Flips Sunset Strip Property

In addition to creating creating one of the most popular food competition shows on TV, Linda Lea is also an accomplished house flipper. She now has a Sunset Strip home up for grabs at a little less than $9 million. READ MORE

Demand is Surging for Lavish Vacation Rentals in the Hamptons

While the vacation rental industry has taken a massive hit during the Covid-19 pandemic — Airbnb was recently forced to lay off 25% of its workforce — luxury rentals in the Hamptons have skyrocketed, with wealthy renters and homeowners looking to quarantine out of the city, close to the water. READ MORE

Dirt Digs In: Mauricio Umansky

Mauricio Umansky is founder and CEO of The Agency, a multi-tiered brokerage that employs more than 650 agents across 37 offices worldwide. A finalist for the EY Entrepreneur Of The Year Award in 2017, Umansky has been cited as one of the top ten agents in the country for the past seven years by the Wall Street Journal. READ MORE

A Bespoke Virtual Open House That Engages All the Senses

The Society Group, a real estate public relations firm that represents Los Angeles-based luxury realtors, has found a way to bring potential buyers inside a $32 million mansion listing, with a creative approach that seeks to engage all five of the senses. READ MORE

Cirkut Chops Price of Hollywood Hills Home

Canadian record producer and songwriter Henry Russell Walter, better known as Cirkut, who has worked on popular ditties for huge stars like Miley Cyrus, Rihanna and The Weeknd, has not had the same success selling a celeb-pedigreed Hollywood Hills home. READ MORE

Cavallari, Cutler Set Up for a Loss in Nashville

Reality TV staple and jewelry designer Kristin Cavallari and former professional football player Jay Cutler not only have to navigate the terms of their recent split, they’re also staring down the barrel of financial loss on the sale of a secluded mansion in Nashville’s picturesque semirural outskirts. READ MORE

Matt Brubaker Lowers Ask Above Sunset Strip

An eye-catching, organic-modern ultra-contemporary residence tucked into the highfalutin hills above L.A.’s ever-chic Sunset Strip and owned by theatrical marketing guru Matt Brubaker, is available at a teensy bit below $7 million. READ MORE

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