Cindy Crawford Sells Beverly Hills Home for $1.9M Gain
Supermodel Cindy Crawford and husband Rande Gerber flip their 1959 mid-century modern house for $13.5 million, a $1.9 million profit from their 2017 purchase price
Cindy Crawford and her husband Rande Gerber have sold their Beverly Hills home for $13.5 million, making a $1.9 million gain from their 2017 purchase price of $11.6 million. The mid-century modern house, built in 1959, features five bedrooms, six bathrooms, and a swimming pool.
The couple bought the property from Ryan Tedder, the frontman of OneRepublic, who had purchased it in 2014 for $7.435 million and renovated it. The house sits on roughly one acre of land in the quiet Trousdale Estates neighborhood of Beverly Hills.
Crawford and Gerber first listed the property in August 2020 with an asking price of just under $16 million. However, after a year on the market, they finally sold the house in August 2021 for $13.5 million.
The house has a rich history, having been originally built in 1959 and featuring a swimming pool, spa, and floor-to-ceiling fireplace. The property was renovated by Tedder before he sold it to Crawford and Gerber.
## What the sale means The sale of the property marks a significant gain for Crawford and Gerber, who have made a $1.9 million profit from their 2017 purchase. The couple's decision to sell the property may be seen as a strategic move, given the current state of the real estate market.
## Background The Trousdale Estates neighborhood, where the property is located, is known for its low-slung houses and private lots. The area has been home to many celebrities over the years, and the property's sale is likely to attract attention from fans and real estate enthusiasts alike.
The sale of the property is a significant event in the world of celebrity real estate, and it will be interesting to see what Crawford and Gerber do next. With their $1.9 million gain, they may be looking to invest in a new property or pursue other business ventures.
