Selena Gomez Sells LA Mansion for $5.4M
The singer's Encino estate, featuring 6 bedrooms and 10 bathrooms, was sold for $1 million less than the listed price of $6.4 million
Selena Gomez has sold her Los Angeles mansion in Encino for $5.4 million, a property she purchased in 2020 for $4.9 million from the estate of Tom Petty. The mansion features 6 bedrooms, 10 bathrooms, and approximately 11,500 square feet of living space.
The property was originally built for Tom Petty and boasts a range of luxury amenities, including a chef's kitchen, wine cellar, media room, massage room, and glam room. The chef's kitchen was also the iconic backdrop of her cooking series 'Selena + Chef'.
The mansion was sold for $1 million less than the listed price of approximately $6.4 million. Selena Gomez had put the property on the market earlier this summer and has reportedly made an estimated $500,000 profit from the sale.
## What the property offers The expansive estate features a spacious living room, formal dining room, and a home recording studio, alongside the luxury amenities. Outside, the approximately one-acre estate includes a swimming pool, fountains, and waterfalls, creating a resort-like setting around the residence.
## Why it matters The sale of Selena Gomez's Encino mansion is a significant transaction in the Los Angeles real estate market. The property's unique features and luxury amenities make it a desirable asset for any buyer. For Selena Gomez, the sale is also a notable move, as she and her husband Benny Blanco have recently purchased a Beverly Hills mansion for a reported $35 million.
The new owners of the Encino mansion will enjoy the property's private and spacious retreat, which reflects Tom Petty's original vision for the estate. With its rich history and luxurious features, the property is a valuable addition to any real estate portfolio.
