World · India Bureau
Sofía Vergara sells Beverly Hills mansion for $13.7 million
The Colombian-American actress offloaded her Tuscan-style Beverly Hills estate in April 2024 at a significant markdown from its initial asking price. The property, originally listed at $19.6 million in 2022, ultimately sold for $13.7 million after a prolonged market period.
LSN India ·
Sofía Vergara has completed the sale of her luxury Beverly Hills villa, closing the transaction at $13.7 million in April 2024. The seven-bedroom, 11-bathroom Tuscan-style estate represents a considerable reduction from its initial listing price of $19.6 million when it first hit the market in July 2022.
Vergara and her then-spouse Joe Manganiello had acquired the property in 2014 for $10.6 million. Despite the decline from the original asking price, the actress still realized a net gain of approximately $3.1 million on the sale before accounting for renovation costs and other expenses.
The property underwent significant upgrades during Vergara's ownership, featuring luxury amenities befitting its high-end Beverly Hills location. The extended listing period and eventual price reduction reflect broader market conditions in the luxury real estate segment, where premium properties have faced headwinds in recent years.
The sale concludes Vergara's decade-long ownership of the residence and marks the latest high-profile property transaction in the competitive Beverly Hills market.