Reese Witherspoon is doubling down on fancy houses, buying her second multi-million-dollar estate in the last month, this time in Pacific Palisades, California.
Just last month, she paid $1,950,000 for a stately fixer-upper in her hometown of Nashville.
When Reese bought the big Nashville mansion last month, it looked like she was packing up the family and decamping to Tennessee, shedding her glamourous life in California. It seemed like a real possibility, especially since she and Jim had their Brentwood mega-mansion quietly on the market for $14 million. With this brand new West Coast purchase, it seems that Reese and Jim aren’t leaving the Golden State, they’re just changing things up and moving to a new pad!
For their new West Coast deal, property records show that Witherspoon and her agent hubby, Jim Toth, paid $12,705,000 for a 5 bedroom, 5 bathroom, 4,344 square foot home. The home was never publicly for-sale and the deal was an off-market transaction that closed on August 28, 2014.
The home was last sold in December 2012 for $4.9 million to award-winning “starchitect” Ken Ungar, who worked his magic on the property and created an estate worthy of an A-lister. Based on the sold price and the “before” pictures you can see above, Unger took a outdated estate and turned it into something worthy of a $12.7 million price tag, netting a nice profit when the deal closed.