Actor Rob Lowe and his wife, jewelry designer Sheryl Lowe, have struck a deal to sell their East Coast-style estate in the affluent enclave of Montecito, Calif., for around $45.5 million, according to people familiar with the deal.
The deal is one of the priciest ever to close in the celebrity-studded community that has drawn the likes of Ellen DeGeneres and Oprah Winfrey.
The buyers are retired health-care private-equity executive Jack McGinley and his wife Julie McGinley, those people said. In August, the McGinleys put their 10-acre Massachusetts estate designed by Robert A.M. Stern Architects on the market for $18.9 million, The Wall Street Journal reported. At the time, they said they were planning to spend more time in California.
The Lowes’ property came on the market in 2018 for $47 million,The Wall Street Journal reported, but it does not appear to have been publicly listed at the time of the deal.
The roughly 10,000-square-foot house was inspired by the architecture of the Virginia countryside, where Mr. Lowe spent time as a child, the Journal reported. It has six bedrooms, formal living and dining areas, a home office, a screening room, a wine cellar and numerous terraces. There is also a piano bar, where Mr. Lowe, who has appeared in shows like “The West Wing,” has been known to sing.
Rob Lowe, Montecito, Sheryl Berkoff
World news – US – WSJ News Exclusive | Rob Lowe Gets $45.5 Million for Montecito Home