Tom Hanks, a two-time Oscar winner, has recently put two adjacent mansions in the Pacific Palisades neighborhood of Los Angeles on the market, signaling a shift in his real estate portfolio. The combined value of these properties totals $18 million, offering a substantial opportunity for potential buyers looking for a packaged deal in this celebrity-favored area.
The first property, listed at $8.75 million, is a charming 3,930-square-foot Spanish-style abode built in the 1930s. It boasts high beamed ceilings, glossy wooden floors, a spacious kitchen, and elegant tile work throughout. The house features four bedrooms, five bathrooms, and is surrounded by lush foliage that enhances privacy. Its standout feature is a stunning view of the Santa Monica Mountains, adding to its appeal.
Next door, the second mansion is listed for $9.25 million. This 7,260-square-foot English country-style manor, dating back to the 1950s, exudes classic elegance. It offers seven bedrooms and seven bathrooms, showcasing hardwood floors, abundant natural light through French doors, high ceilings, and a generous outdoor space. Situated in a gated area with a long driveway, the property prioritizes privacy, making it an ideal residence for someone like Tom Hanks, who values discretion and security.
Tom Hanks originally purchased the English country-style manor for $5.7 million in 2003, potentially indicating a significant profit margin considering the current listing price. Throughout his career, Hanks has demonstrated savvy real estate investments, having previously sold a property he bought for $1.9 million in 1988 for $5.2 million in 2013.
Despite listing these two homes, Hanks and his wife, Rita Wilson, will continue to reside in their expansive 14,500-square-foot ocean-view home in Pacific Palisades, which they acquired in 2010 for $26.1 million. Additionally, they own a smaller home adjacent to their main residence, along with two more houses in the Palisades, a beach house in Malibu, and a vacation home in Sun Valley, Idaho.
Beyond his real estate ventures, Tom Hanks remains active in his acting career, with upcoming films such as “Sully” and the “Da Vinci Code” sequel “Inferno” set to hit theaters. His diverse property holdings not only reflect his financial success but also underscore his preference for quality living spaces in prime locations, ensuring a comfortable lifestyle amidst his professional pursuits.