After almost a decade of attempting to find a buyer for his La Quinta desert retreat, Sylvester Stallone is willing to accept a loss on the estate. The actor is once again offering his 4,889-square-foot Mediterranean-style home for sale, this time with a further discounted asking price of $3.35 million.
That’s a significant loss from the $4.5 million Stallone paid for the four-bedroom, four-bathroom home in 2010, though it seems the Rocky actor never planned on maintaining the property for too long, as he listed it for sale for the first time just a year after purchasing it. The house was last on the market for $3.63 million in 2014.
The Coachella Valley home, which has arched doorways and beamed ceilings throughout, is located in the exclusive, celeb-beloved Madison Club community in Palm Desert.
Wood double doors open up to the foyer, which has a vaulted ceiling and stone tile floors.
The kitchen is equipped with stainless steel appliances, dark wood cabinetry, a wood-and-stone island and beamed ceilings, per the listing held by Douglas Elliman broker Josh Reef. There’s an adjacent breakfast room, as well as a more formal dining room that opens to the back terrace. The double-height living room is centered around a massive stone fireplace, and there’s also a wine room.
The master suite is located upstairs, with a fireplace, private terrace and a bathroom with a built-in tub and double vanity.
Outside, there are multiple terraces, a built-in fire pit and an outdoor kitchen, as well as a pool and spa. There’s also a small manmade creek, because one body of
Stallone is leaving behind plenty of famous neighbors in the Madison Club. Last year, Cindy Crawford and Rande Gerber paid $5.4 million for a single-story La Quinta home in the community, Kris Jenner and Kylie Jenner both own La Quinta properties, less than a mile apart from each other.