Politics · India Bureau
Kutcher, Kunis plan major expansion of California beachfront estate
Hollywood actors Ashton Kutcher and Mila Kunis are undertaking a significant renovation of their Carpinteria beachfront property, which has nearly doubled in value since their 2017 purchase. The expansion project will include structural modifications to the main residence and removal of an existing guest cottage.
LSN India ·
The entertainment industry couple acquired the oceanfront property in Carpinteria, California, for $10.1 million in 2017. According to planning documents, their proposed renovation includes expansion of the primary residence and construction of a swimming pool on the grounds. The enhancement to outdoor recreational facilities represents a significant upgrade to the coastal retreat.
The property's estimated value has appreciated substantially to approximately $17 million, reflecting the desirability of beachfront real estate in the Carpinteria area. As part of the modernization plan, the existing guest cottage will be removed to optimize the layout and expand the outdoor living spaces available to the residents.
The renovation project reflects broader trends among high-net-worth property owners in California's premium coastal markets, where acquisitions and upgrades continue to demonstrate confidence in real estate valuations along the Pacific shoreline.