Rob Lowe Paid $3.75 Million for a Newly Renovated Home in Beverly Hills

He recently sold his longtime Montecito mansion for $45.5 million.

Rob Lowe scooped up a newly renovated home in Beverly Hills. Noel Vasquez/Getty Images

It’s been less than a month since Rob Lowe sold his massive Montecito mansion for $45.5 million, but the actor is already making other real estate moves.

Sign Up For Our Daily Newsletter

By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.

See all of our newsletters

Lowe and his wife, Sheryl, just purchased a newly renovated five-bedroom, three-bedroom home, situated right in Beverly Hills, for $3.75 million.

Subscribe to Observer’s Lifestyle Newsletter

Lowe must have really wanted the 2,940-square-foot abode, he paid a touch over the $3.695 million that the property was most recently listed for, notes Variety.

The home is definitely a serious downsizing moment from the palatial property the Lowes recently sold in Montecito, but it’s still very nice.

The Beverly Hills house featured wide-plank oak floors, custom steel doors and vaulted and beamed ceilings throughout. The eat-in kitchen is fitted with stainless steel Viking appliances, a large marble-topped center island and breakfast bar seating. It’s open to a family room with a large fireplace with a stone mantle, and is adjacent to another dining area.

The owner’s suite has its own private balcony, as well as a marble bathroom with a double vanity, a freestanding soaking tub and a separate glass-enclosed walk-in shower. There’s also a large walk-in closet.

An impressive entertaining space is set up outside, including a covered patio for an indoor-outdoor aesthetic, per the listing held by The Agency brokers James Harris and David Parnes. The backyard is also outfitted with a built-in fire pit, a pool and lounging areas.

It’s not clear if the Lowes plan on using this as their main residence, but considering just how large their 10,000-square-foot Montecito retreat was, this is a major downsize. Perhaps they plan on purchasing another, larger home to use as their primary home, or maybe they’re just ready to simplify their living situation.

Rob Lowe Paid $3.75 Million for a Newly Renovated Home in Beverly Hills