Business · India Bureau
Hollywood actress Olivia Wilde sells Los Angeles home below asking price
American actress and filmmaker Olivia Wilde has completed the sale of her Studio City residence in Los Angeles for $5.23 million, approximately $970,000 below the initial asking price. The December transaction marks another significant real estate move for the entertainer.
LSN India ·
Wilde's Studio City property, designed by renowned architect Barbara Bestor, showcases a contemporary modern-ranch aesthetic that has become increasingly popular among Los Angeles homebuyers. The residence was initially listed at $6.2 million before ultimately selling at a reduced price point, reflecting broader market dynamics in the luxury real estate segment.
The sale represents Wilde's latest real estate transaction in the Los Angeles area. Earlier, she divested from a Silver Lake property, which sold for $4.2 million, suggesting a strategic shift in her residential portfolio across different neighborhoods in the region.
Wilde, known for her work as a director and actress in television and film, continues to maintain a presence in the entertainment industry while managing various business interests. The timing and pricing of the Studio City sale align with broader trends observed in California's residential real estate market during recent months.