Lori Loughlin and Mossimo Giannulli have officially found a buyer for their stunning Bel-Air mansion, and the buyer is none other than Justin Mateen, the co-founder of Tinder. According to reports from TMZ, the couple has agreed on a selling price of $18.75 million, which is nearly $10 million lower than the asking price when they listed the property earlier this year. Even more surprising is the fact that this selling price is significantly less than the original asking price of $35 million when they first put the mansion up for sale back in 2017.
The mansion itself is an impressive 12,000-square-foot estate boasting six bedrooms and nine bathrooms. Marketing materials describe the property as a "Neo-Classical Mediterranean" home, prominently located with breathtaking views of the Beverly Hills Country Club. The listing highlights features such as an oversized outdoor terrace, a gym, and a wine cellar capable of holding 5,000 bottles, painting a picture of luxurious living. The listing also notes that the mansion is "exceptionally well priced in today's market," a sentiment that rings particularly true for Mateen, who is making a savvy investment in this real estate purchase.
Described in the official listing as "completely private" and nestled behind gates on a prime cul-de-sac in Bel-Air, the estate is characterized as a recently completed Contemporary Mediterranean masterpiece. The listing emphasizes its high-quality construction and attention to detail, combining modern features with timeless design elements. With stunning scale throughout the home, each room offers picturesque views of the lush lawns of the Bel Air Country Club, filling the space with natural light and open proportions. From the dramatic two-story entry with a sweeping staircase to the gourmet kitchen equipped with commercial appliances, every corner of this mansion showcases luxury living at its finest.
| Detail | Information |
|---|---|
| Buyer | Justin Mateen |
| Sale Price | $18.75 Million |
| Original Asking Price | $35 Million |
| Size | 12,000 Square Feet |
| Bedrooms | 6 |
| Bathrooms | 9 |
| Wine Cellar Capacity | 5,000 Bottles |
| Year Purchased | 2015 |
| Purchase Price | $14 Million |
For Loughlin and Giannulli, this sale is part of a pattern, as they have frequently sold their homes after making significant redesigns. Their strategy has been to buy, renovate, and sell, which has allowed them to capitalize on their investments over the years. This particular property was acquired in 2015 for $14 million, and they invested additional funds into remodeling it, enhancing its value and appeal. The real estate market's ebb and flow can be unpredictable, but for the couple, their ability to adapt and sell their properties reflects a keen understanding of market dynamics and value enhancement.
