Overview
- The couple returned the Pacific Palisades mansion to the market this week, relisting the property for about $19.99–$20 million in what sources identify as their fifth sales attempt.
- They first listed the finished home for $32 million in July 2023 and have repeatedly pulled and refiled the listing while lowering the asking price in staged cuts over three years.
- The custom house is roughly 11,000–13,000 square feet with six bedroom suites and luxury amenities including a movie theater, gym, spa with hot and cold plunges, a glass wine cellar, and a saltwater pool.
- Pratt bought the lot in 2018 for $15.6 million, demolished the prior structure and completed a multi-year ground-up rebuild, a sequence that has left analysts warning a $20 million sale may not cover the couple’s full investment.
- Pratt and Schwarzenegger are building another custom home in Brentwood and have been living in Montecito while that project proceeds, which helps explain why they continue to market the Palisades property.