Kelly Ripa’s ‘Live’ Co-Star Ryan Seacrest Loses Almost Half His Annual Salary After Selling Beverly Hills Mega Mansion at Devastating Loss
Ryan Seacrest seems to have finally got his hands off the property he always dreamed of. Dreamed of selling, that is. He has finally parted ways with his Beverly Hills estate after having tried doing so for a long time, but it has come at a great cost.
Known for his stint at Live, where he stars alongside Kelly Ripa, the property had emerged as a big worry. He had a desire to sell it, which over time took the form of desperation. And it is true that desperation makes you do things that you otherwise wouldn’t have done.
The previous owners of the Beverly Hills estate
The year is 2012. The Dark Knight Rises is about to hit the theatres. And Ryan Seacrest, in a decision which he would later go on to regret, bought a property in Beverly Estates from Ellen DeGeneres. It is well known that the 64-year-old has a penchant for buying houses, renovating them, and then selling them for a profit.
The talk show host did the same with this house, which was originally owned by Will & Grace creator Max Mutchnick, selling it to Seacrest for a whopping $36.5 million. The house came with a lot of perks, its sprawling size being one of them.
Ryan Seacrest’s mammoth property with a mammoth asking price
The estate was set out in 9000 square feet of living space. The house also included four bedrooms and six bathrooms. The other remarkable things include a gourmet chef’s kitchen that leads to an outdoor pizza oven, a movie theatre to enjoy the pizza, a gym, a lounge, and a bar. Add to that a private meditation garden, landscaped gardens, and a reflecting pond. Sounds nice, doesn’t it?
But despite all this, the 48-year-old was looking to get his hands off the property. He spends most of his time in New York, so it only makes sense that he wouldn’t mind parting ways with it. He first put it on the market in November 2020, for a massive asking price of $85 million. But it didn’t go that way.
Ryan Seacrest had to make serious concessions with his asking price
Ryan Seacrest’s bid to part ways with his property ended in utter failure. Come August, he had no option but to lower the asking price to $74.5 million. Even that didn’t make a difference. The American Idol host decided not to sell it for some time, before putting it back on the market for $69 million.
But even that was not enough. In the end, he had to settle for a measly $51 million offer. The deal was a total disaster for him, as he sold it for a stupendous $30 million less than what he had originally envisaged. The loss must have hurt him. But he finally had his way with his ‘dream house’.
Source: The Richest
