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Expensive Mega-Mansions Owned By The Rich & Famous That Are Nearly Worthless Today

Posted by Bill Rippel on May 18, 2021 - 1:12am

8. Sylvester Stallone’s California Estate – La Quinta, California

On the Market Since: 2014 
Total Area: 5,000 square feet 
Initial Value: $4.5 million*

Rocky and Rambo actor Sylvester Stallone purchased a home in La Quinta, California for $4.5 million back in 2010. The mansion has four-and-a-half bedrooms and five bathrooms. The exterior is stucco covered with clay tile, and the interior is designed in a mix of Tuscan and Mediterranean styles.

Stallone had the property commissioned himself in 2008. He was heavily-involved with the designing, and RobbReport reported that it was “likely influenced” by the movie star’s “Italian ancestry.” The MGM star’s home includes coved ceilings, hardwood floors, arched entryways, and, of course, a dedicated wine room and large eat-in kitchen to accompany a formal dining room.  

Despite this home’s beauty, Stallone’s residence has had trouble selling. He first listed it in 2014 before taking it off the market in 2015. He then re-listed it for $3.87 million, taking a loss of several hundred thousand dollars. The most recent listing of the La Quinta property, five years later, has it at $3.999 million.

Corneliu Boghian thanks for sharing
May 22, 2021 at 6:10am
Simon Keighley Stallone's property in La Quinta looks and sounds a beautiful home - it will be interesting to see if it sells at this discounted price. Thanks for sharing, Bill.
May 18, 2021 at 7:55am