Sylvester Stallone<\/b> fan, Kenneth<\/b> sent in the article [reprinted below] from the Los Angeles Times<\/b> about Sly<\/b> selling one of his homes in California.<\/p>\n
Sylvester Stallone<\/b> has sold a Beverly Hills-area home next door to his residence to media mogul Sumner Redstone<\/b> for close to $15 million, real estate industry sources said.<\/p>\n
The sale marked the first time that Redstone<\/b>, a native of Boston, has bought a California home. The chairman and chief executive of Viacom<\/b> (the owner of MTV<\/b> and Nickelodeon<\/b>, which merged with Paramount in 1994 and later acquired Blockbuster<\/b>) has for years been traveling to Los Angeles several times a month on business, but he has stayed mainly in hotels.<\/p>\n
The home that the billionaire businessman bought had been owned by Stallone<\/b> since September. The actor paid $16 million for it, then put it back on the market in December at $16.95 million. When Stallone<\/b> purchased the property, a spokesman for the actor said, he bought it as a place for his relatives to stay while visiting him.<\/p>\n
Redstone<\/b> bought the property after months of house hunting. He was in escrow to buy another home, but that deal fell through. Escrow on the home that Stallone<\/b> sold to him closed last week. The house was vacant at the time of the sale, which did not include any furnishings.<\/p>\n
Built in 1997, the 15,000-square-foot house has a master suite with two bathrooms, three additional bedrooms, a gym, a billiard room, a screening room, a two-story reading room, a 10-foot-long aquarium, an indoor pool with skylights, a 100-foot-long outdoor pool and a tennis court.<\/p>\n
The gated estate is on more than two acres. The actor bought his house next door in 1998 for about $10 million, then expanded and refurbished it. His Italian-style villa has more than seven bedrooms in an estimated 20,000 square feet.<\/p>\n
Stallone<\/b>, 55, starred in the 2001 movies “D-Tox<\/b>” and “Driven<\/b>,” co-starring Burt Reynolds<\/b>, and is due to co-star with Gabriel Byrne<\/b> in the upcoming film “Shade<\/b>.”<\/p>\n
Redstone<\/b>, 79, was named media person of the year earlier this month at the Cannes International Advertising Festival. The award recognized Redstone<\/b>‘s success in establishing Viacom<\/b> as one of the world’s premier entertainment and media companies. Among its many entities, Viacom<\/b> also owns CBS<\/b> and UPN<\/b>. “A Passion to Win<\/b>,” Redstone<\/b>‘s memoir written with Peter Knobler<\/b>, was published by Simon &Schuster<\/b> in 2001.<\/p>\n
Valerie Fitzgerald<\/b> of Coldwell Banker<\/b>, Beverly Hills North, had the listing, and Ernie Carswell<\/b> of the same office represented Redstone<\/b> in his purchase, sources said.<\/p>\n
– Thanks to Kenneth<\/b> for the tip! Craig Zablo<\/b> [July 6, 2002]<\/p>\n","protected":false},"excerpt":{"rendered":"
Sylvester Stallone fan, Kenneth sent in the article [reprinted below] from the Los Angeles Times about Sly selling one of his homes in California. Sylvester Stallone has sold a Beverly Hills-area home next door to his residence to media mogul Sumner Redstone for close to $15 million, real estate industry sources said. The sale marked […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[74],"tags":[],"class_list":["post-10290","post","type-post","status-publish","format-standard","hentry","category-74"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3r2Pe-2FY","_links":{"self":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/10290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/comments?post=10290"}],"version-history":[{"count":1,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/10290\/revisions"}],"predecessor-version":[{"id":10291,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/posts\/10290\/revisions\/10291"}],"wp:attachment":[{"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/media?parent=10290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/categories?post=10290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stallonezone.com\/wordpress\/wp-json\/wp\/v2\/tags?post=10290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}