When you’re the Hollywood heavyweight behind hits like Forrest Gump and Toy Story, selling two of your mansions is no big deal. And that’s just what Tom Hanks is doing: The actor/nice guy next door has listed two pieces of Pacific Palisades, CA, real estate for sale, for a grand total of $18 million. Of course, if you don’t want to double up on mansions like the rest of Hollywood, you could pick just one, since they’re listed for $8.75 million and $9.25 million, respectively.
The $8.75 million property is a four-bedroom, five-bathroom Spanish-style spread measuring 3,930 square feet. Located in the desirable Amalfi “rim” in the Palisades Riviera, the classic 1930s property is spread out on a half-acre, tree-filled lot. The charming and tranquil home is ideal for anyone looking to avoid any prying eyes, paparazzi or otherwise.
The home features original craftsmanship like beamed ceilings, wood floors, ironwork, and tiles throughout. The step-down living room with a fireplace, paneled formal dining room, and cozy library/den provide open, welcoming spaces for family and friends to gather. Adjacent to the home’s family area, the fully remodeled cook’s kitchen leads to the outdoor space, which features lush landscaping and stunning views overlooking the canyons. Tom bought this part of the spread back in 2007 for $7.4 million.
Part deux is just as luxurious and located adjacent to the south side of the first one. The seven-bedroom, seven-bathroom traditional-style home is spread out over 7,260 square feet (cue the requisite Big joke!). Tom bought this part of the pad for $5.7 million back in 2003, so if he reels in the full listing price of $9.25 million, he stands to make quite a bundle.
Built in 1957, the English Country–style home is the perfect complement to the adjacent Spanish oasis. Also tucked behind gates in a private area, the home features hardwood floors, vaulted ceilings, and intricate design details that provide a unique, yet welcoming space. Large, handsome rooms are ideal for hosting formal galas or casual parties. We know Tom is an awards show regular, but we always pictured him to be more of a backyard barbecue kind of guy — perfect because this home’s expansive backyard features private gardens overlooking the canyons and plenty of room for outdoor living.
On the main floor, a living room, formal dining room, and a large pub/billiard room with a fireplace and wet bar offer the perfect spots for guests to hang out. A spacious country kitchen is wonderfully inviting, with a large center island and eat-in area. The sumptuous master suite features a lavish bath and spacious closets, while the two children’s/guest suites (plus an additional fourth separate suite on the second floor) offer plenty of space for the busy family. The first floor also has two additional bedroom suites, as well as maid’s quarters. But wait, there’s more! A large playroom on a third level and a screening room/playroom/sports entertainment room make this a kid-friendly haven.
In traditional Hollywood megastar style, there is also a third property that is part of this estate. However, the four-bedroom, six-bathroom home, which measures 4,267 square feet, is not for sale. Hey, we wouldn’t complain about having Tom as our neighbor! And of course, Tom and his longtime love, Rita Wilson, are regulars on the real estate market. Back in 2013, they sold the first home they bought together in 1988. They originally purchased that home for $1.9 million but sold it for $5.2 million 25 years later. They also own two other homes in the same Pacific Palisades neighborhood, which they bought on the same day in 2010: a massive property that cost over $26 million, and a smaller one that at $1.45 million looks like quite the bargain in Hollywood dollars. They also have a longtime vacation home in Malibu, CA’s ritzy Colony, which they snagged back in 1991 for $2.95 million from director John Frankenheimer. Even a few additional properties are sprinkled into their real estate portfolio, including smaller homes in Pacific Palisades and Idaho. At this rate, maybe Tom should just buy the entire town!