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Selena Gomez Sells Encino Mansion for $5.4 Million After Buying $35 Million Home
Sentiment: NeutralHigh Priority
What Happened?
Selena Gomez sold her Encino mansion for $5.4 million, six years after buying it for $4.89 million. The sale follows her purchase of a $35 million estate in Beverly Hills.
Key points
- Gomez purchased the Encino mansion in March 2020 for $4.895 million.
- The property was previously owned by musician Tom Petty and served as a filming location for 'Selena + Chef.'
- The mansion features six bedrooms, a recording studio, and extensive amenities.
- Gomez listed the property for $6.495 million in May 2026 but sold it for $5.399 million on September 8, 2026.
- She and her husband, Benny Blanco, bought a $35 million estate in Beverly Hills in December 2024.
Key insights
- The sale price was about $1.1 million below the original asking price, indicating a potential cooling in the luxury real estate market.
- Gomez's purchase of a larger estate suggests a shift in her lifestyle and priorities.
- The property's history and connection to Tom Petty may enhance its value for future buyers.
Why it matters
The sale reflects the dynamics of celebrity real estate and market trends.
Tags
Entities
Selena Gomez· PersonBenny Blanco· PersonTom Petty· PersonCalifornia· StateBeverly Hills· City
Source
Times of India
