In this climate of high interest rates, a near stalemate between real estate buyers and sellers, and a looming California mansion tax, developers and Hollywood stars alike have recently been left with the short end of the stick when trying to off-load property. (Even Hollywood real estate maestros, Ellen De Generes and Portia de Rossi took a rare loss this month on the sale of their Montecito cottage.) But not Brad Pitt.
TMZ initially reported the sale, and Dirt later confirmed that the two-time Oscar winner sold the Los Feliz compound where he and Angelina Jolie raised their six children for $33 million. Pitt put the property up for sale just two months ago at $40 million.
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The actor and producer began piecing together the 1.9-acre compound in 1994—long before ever meeting Jolie—when he bought the estate’s 1910-built Craftsman style mansion for $1.7 million from Cassandra Peterson, better known as Elvira, Mistress of the Dark. Over the next roughly ten years, the Academy Award winner picked up two adjacent properties. Then, during the Jolie-Pitt union purchased two more neighboring pieces for a total of only $5 million, which makes this sale super profitable for the Seven actor.
As you would imagine, in addition to the 6,692-square-foot main house (where Pitt believes Jimi Hendrix wrote the song “May This Be Love”) the estate contains several other structures. Strategically surrounded by mature trees and hedges, the lush property also sports a few other buildings, a large round spa next to an even larger oval swimming pool, a tennis pavilion, a skate park, and even a koi pond. According to TMZ’s insider, Pitt plans on moving to northern California.
This article has been updated to correct the sale price from $39 million to $33 million.
