Simon Cowell Sells His Second Property in Beverly Hills- Succumbs to a Million Dollar Loss

BuzzOctober 5, 2020

It appears that X-Factor creator, Simon Cowell has decidedly parted with his luxurious dwelling, standing in one of the most favored areas of Beverly Hills. He sold the house for the princely sum of $14.5 million, which still amounted to a loss of a total $1 million, as the mogul originally bought the house for $15.5 million back in 2011.

Daily Mail | The new owner is a dentist and real-estate investor

According to Variety, Cowell never lived in the house and bought it primarily for his X-Factor shoots. Although evidently, he incurred a loss of $1 million on the sale of the property, his actual loss is estimated to be eight figures large, owing to the remodeling and renovation he got done multiple times during his ownership, property taxes, maintenance, etc. That’s quite a hefty sum for a house you’ve never even lived in.

Built-in 1966, the 7,300-square-foot mansion sits on a .65 acre of land and was originally designed by the local and esteemed architect Harold Levitt, who has also reportedly designed other homes that are owned by celebrities such as Jennifer Aniston and Ellen DeGeneres.

Daily Mail | A mini fountain sits on the pool

At the moment, the interior configuration is unknown, although, at one point, the house was said to have two master suites, two additional bedrooms, a total of 4 full bathrooms, and a theatre. There was also a double-gated motor court- (not sure if it’s still there), an outdoor BBQ area, fireplace, and a plunge pool.

But the most valuable feature of the property is, without a doubt, its fantastic view of the L.A. basin, from the skyline downtown to the ocean and Catalina Island. The location of the house happens to be on one of the best streets of Beverly Hills. A billionaire-heavy street, a few of his nearest neighbors were LVMH’s Bernard Arnault, Jim Jannard, and a Saudi sheik.

Daily Mail | The view from the terrace is breathtaking

Only a month before selling this house, Cowell sold his main residence, which also happened to be in Beverly Hills, with a price tag of $25 million on an off-market deal. Other than the just-sold mansions in Beverly Hills, Cowell is getting rid of the Hidden Hills Ranch he bought recently from his former protégé, Leona Lewis. However, it seems like the former American Idol judge is still keeping hold of his Malibu beach house worth $24million. For how long, though, only time will tell.

The celebrity is yet to reveal why he suddenly decided to embark on this selling spree. But, when you own beautiful homes in the United Kingdom, New York City, and Malibu, it’s difficult to imagine the worst.