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Sylvester Stallone sells La Quinta, California, villa at a loss

Sylvester Stallone of “Rocky” fame is selling his home in La Quinta, California, for $3.35 million, roughly $1.15 million less than he bought for it a decade ago.

According to the listing with Josh Reef of Douglas Elliman, who advertised the home Wednesday, the Mediterranean and Tuscan-style villa offers 4,889 square feet of interior space, including four bedrooms and five baths.

According to the ad, the two-story property includes a big living room with double-height ceilings and a stone fireplace, a dining room that opens to a terrace, a kitchen with wood cabinets, a wood-and-stone center island, a breakfast area, and a wine room.
Home records show that Mr. Stallone, 73, an actor, screenwriter, director, and painter, purchased the property through a trust in 2010 for $4.5 million.

In 2014, he first advertised it for $4.2 million. The house has been on and off the market since then, at various prices and with numerous brokers. According to listing records, it was taken off the market in 2016, when it was last advertised for $3.625 million.

Mr. Reef, the listing agent, said Mr. Stallone and his family used the home for desert vacations and that it is in good condition.

Mr. Stallone’s representative verified that he is the seller, but had no further comment. Mr. Stallone is well known for producing and starring in the “Rocky” film series.
Wood double doors, arched entryways, vaulted and beamed ceilings, and fireplaces may all be seen in the design.

Multiple terraces, a pool and spa, and a built-in fireplace can be found on the 0.45-acre property.

Mr. Reef stated, “It sits on the largest lot of all the villas in La Quinta.” “It also has a gurgling brook running through the backyard, which is rather unique.”

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