Ryan Seacrest Knocks Off $10.5 Million From His Beverly Hills Estate

BuzzAugust 14, 2021

Sometimes when plan A doesn’t work, we have to shift to plan B. Then if, unfortunately, plan B doesn’t work, we have to turn to plan C. That’s just how life goes. We have to keep trying different things until we’ve achieved our goal. Guess that’s what American Idol host Ryan Seacrest is doing.

David Becker/Getty Images for iHeartMedia | American Idol host Ryan Seacrest has knocked off a massive $10.5 million from his listed property in Beverly Hills

Eight months after listing his Beverly Hills house for $85 million, the Keeping Up with the Kardashians producer has reduced the asking price to $74.5 million (what!!).

Wondering about the reason behind the price drop? Then stay tuned to find the answers!

First, a look at the history!

In 2008, comedian and talk show host Ellen DeGeneres paid $29 million to put the 9,200 sq. ft. property on her name. The same year she incorporated two nearby properties into the estate and married the love of her life, Portia de Rossi. The couple enjoyed the beautiful house for a good four years, and in 2012, they sold it to Ryan Seacrest for $39 million.

Seacrest, being the perfectionist that he is, made some changes to the house, and after eight long years, he listed the property for $85 million by the end of 2020. When he was unable to find a suitable buyer, the co-host of Live with Kelly and Ryan knocked off $10.5 million from the asking price to make it more approachable.

Steven Henry/Getty Images for Breast Cancer Research Foundation | Despite being an absolute piece of art, the property didn’t sell at its original listing price

A tour of the property

The three-acre estate is a massive piece of art. It’s so charming that anyone who visits it falls in love with it. It features reclaimed teak wood flooring, refined wood beams, and neutrals throughout all its structures. FYI, the estate incorporates a total of five structures – the main house, two guesthouses, a separate home, and a pool house.

The main house has four bedrooms and six bathrooms, while the separate house has three more bedrooms. Apart from the awe-inspiring living space, the estate offers a movie theater, a spa, a wood-fired pizza oven, a top-notch gym, and an underground garage too. It also gives access to lots of greenery and abundant sunlight. The cherry on top is the poolside house which offers serene views of L.A.

Frazer Harrison/Getty Images | Though the price at which the property finally sells would be quite high, it still won’t put Seacrest at the top of the highest property sellers’ list

The quintessential question

Even though the property is packed with lots of amenities, will its reduced asking price attract buyers? TBH, that’s something only time can answer, but one thing is for sure, whoever the lucky buyer would be will get his hands on something priceless.

Sadly, Seacrest won’t be able to bag the title of the “highest seller” in property circles, ‘cuz that title has already been taken by David Geffen, who sold the Jack Warner Estate to former Amazon CEO, Jeff Bezos in 2020. Last year, Bezos paid a whopping $165 million for Geffen’s Beverly Hills house, making it the most expensive home sale in California state history.