Hot Property, Sly Stallone readies for another round
LOS ANGELES — It's been a rocky road for Sylvester Stallone in La Quinta, but the movie star is trying to knock out a home sale in the resort city once more. His desert digs are back on the market for $3.35 million, or $849,000 less than his original asking price five years ago.
The Oscar-nominated actor appears destined to take a loss on the property; records show he picked it up a decade ago for $4.5 million.
The stylish villa sits in Madison Club, an exclusive golf course community with a star-studded list of past and present residents including Kanye West and Kim Kardashian West, Kylie Jenner, Tom Brady, Phil Knight and Jerry West.
Built in 2008, the two-story abode clocks in at nearly 5,000 square feet, with four bedrooms and 4.5 bathrooms. Past a stucco exterior topped with clay tile, a double-door entry leads to living spaces with coved ceilings, arched entryways and floors of hardwood and tile.
Highlights include a wine room, a two-story living room under dramatic wood beams and a dining room that opens to a terrace that overlooks the landscaped backyard. Outside, palm trees line a fountain-fed pool and spa, and a patio with a fire pit descends to a grassy lawn and stream.
An actor, director and screenwriter, Stallone is best known for his role in the "Rocky" film franchise, which landed him two Academy Award nominations, as well as the "Rambo" and "The Expendables" franchises. More recently, the 73-year-old reprised his Rocky Balboa character for "Creed" and "Creed II."
Not a comeback
Chris Paul is back in Los Angeles.
The former L.A. Clippers star, now with the Oklahoma City Thunder, has bought a newly built home in Encino, California, for a little over $11.1 million. (No photos available).
Details on the estate, which was sold off-market, are scant, but building records reveal the property includes a two-story main residence and a matching guest house. The two farmhouse-inspired structures combine for more than 12,000 square feet of living space. There's also an attached five-car garage.
The estate sits behind gates on more than an acre with a swimming pool and a cabana. There's also a sports court for games of H-O-R-S-E. Views from the property take in the mountains and valley.
Paul, 35, has mostly been in selling mode since he was traded last year to the Thunder in a deal that sent Russell Westbrook to the Houston Rockets. Among the point guard's real estate moves was last year's sale of his 18,700-square-foot mansion in The Woodlands, Texas.
Last month, he relisted his contemporary mansion in Houston's Bayou Woods neighborhood for $7.5 million, a $400,000 reduction from the previous asking price.
A 10-time All-Star, Paul began his career with the Hornets and came to the Clippers in 2011 after a proposed trade sending him to the L.A. Lakers was vetoed by then-Commissioner David Stern. He was traded by the Clippers to the Rockets in 2017 for a package that included guards Patrick Beverley and Lou Williams and center Montrezl Harrell.
Looking for a bite
Two-time British Open champion Greg Norman has listed his trophy ranch in Meeker, Colorado, for $40 million.
Called Seven Lakes Ranch, the 11,900-acrespread sits in White River Valley in the Flat Tops Wilderness Area with sweeping valley, river and mountain views. The property, which straddles a section of the White River, includes a massive lodge, cabins, a saloon/dance hall, a shooting range and riding trails.
The 13,907-square-foot lodge, designed in log cabin style, features vaulted ceilings, a rustic bar and eight bedrooms. A two-sided moss rock fireplace bisects the great room, which takes in the scenery through floor-to-ceiling windows. The home theater is equipped with saddle-style seating. A lakeside stone patio extends the living space outdoors.
A small creek, ponds and seven mountain lakes are scattered throughout the acreage, which annually sees one of the largest elk and deer migrations in the Rocky Mountains. The White River, known for its trout populations, is home to multiple varieties including rainbow, brown and cutthroat trout.
Norman, 65, assembled the ranch property over the course of two decades and has used it as a family retreat.
The professional golfer and entrepreneur has 89 tournament wins for his career, including 20 PGA Tour victories and two British Open Championships. He was inducted into the World Golf Hall of Fame in 2001.
Tribune News Service