SELLER: Reese Witherspoon
LOCATION: Los Angeles, CA
SIZE: .66 acre (with 3,053 square foot fixer upper)
YOUR MAMA’S NOTES: Reese Witherspoon and her Hollywood power player husband Jim Toth have been on a serious real estate tear the last few years, buying and selling a series of multi-million properties a clip that’s lickety-split even amongst notoriously real estate fickle rich and famous.
In November 2012 she/they sold a multi-acre residential parcel in L.A.’s rustic-luxe Mandeville Canyon area to big-time movie producers Kathleen Kennedy and Frank Marshall for $7.5 million. She bought the 2.53-acre property 2010 from whackadoodle action flick actor Steven Seagal for $6.9 and the Kennedy-Marshalls, in case any of y’all might be curious, quickly flipped the property for $7.535 million.
In late 2013 Miz Witherspoon sold a picturesque and picture perfect country compound in Ojai, CA, for $4.983 million to an as-yet unrevealed buyer — she paid $5.8 million for the 7-ish acre spread in 2008 — and six or so month later semi-quietly made her long time home in a discreet gated enclave in L.A.’s Brentwood area available for $10.5 million as well as an adjacent parcel for another $3.5 million.
Digital listings show the main portion of the estate encompasses two parcels that include a five-bedroom and 5.5-bathroom Spanish/Mediterranean-style mini-manse is currently in escrow and about to be sold to an unknown buyer for an unknown amount. (Anyone who knows the story should be sure to give Your Mama a digital jingle. Anyhoo….) Miz Witherspoon recently had the Vogue people over to her house for one of their fab 73 Questions interviews during which she roams the property, bounces on a sunken trampoline in the backyard, says she host pool parties every weekend and says she’d love to have all the female senators over for lasagna and snow-cones in the formal dining room.
The third parcel, as was first revealed by the long-legged gal at Trulia Luxe, was sold earlier this month for $3.55 million to a corporate entity that Your Mama would bet the farm is controlled by a high-end developer. The Witherspoon-Toths picked up the adjoining property in December 2012 for exactly $3,000,000 from the estate of Mark Harmon’s mother, Elyse Knox, a former fashion designer and model turned actress and painter. We really don’t know what the Witherspoon-Toth’s original plan was for the property — A tennis court, maybe? A guest house, perhaps? — but at the time they bought it had an existing fixer upper residence of just over 3,000 square feet, extensive red brick terraces, lush gardens a swimming pool and a separate art studio/guest house.
Even though she has long-owned a mini-mansion in a gated neighborhood in Nashville, TN, in July (2014) the couple shelled out $1.95 million for 6.51-acre estate with a stately if down-on-her-heels, 1930s-era fixer-upper plus a much more modern (and architecturally prosaic) guest house next to the swimming pool. Property gossips went hog-wild just a few weeks later when it was revealed the couple’s multi-year search for new mansion to call home in Los Angeles ended with the $12.705 million off-market acquisition of a not yet completed, Ken Unger-designed spec-built mansion designed in the low-key but decidedly swish — not to mention celeb-saturated — Riviera area of Pacific Palisades.
Given the couple’s near ceaseless merry-go-round property portfolio, this gossip can’t help wonder just how long before the they come down another case of The Celebrity Real Estate Fickle and decide they don’t really want the new mansion in Pacific Palisades. Any of the children want to take bets?
Listing photos: Berkshire Hathaway HomeServices