Reese Witherspoon Finally Sold Off Her Pacific Palisades Home for $17M - Miss Penny Stocks
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Reese Witherspoon Finally Sold Off Her Pacific Palisades Home for $17M

American actress, producer, and entrepreneur Reese Witherspoon and her husband, Jim Toth, have finally found a buyer for their elegant Pacific Palisades home after more than 3 years on the market. They first tried to sell the estate off-market in 2016 with a price tag of $19.9 million.

According to Variety, it was finally sold to auto accessories heiress Robin Formanek and her husband, John Cianciolo for $17 million. Formanek is the daughter of the late AutoZone co-founder Peter Formanek. The couple isn’t new to the Los Angeles area, though. In 2016, they purchased a 2-parcel residential compound along the border of Brentwood and Santa Monica for $9.8 million.

After 3.5 years on the market, Reese Witherspoon’s Pacific Palisades residence has been sold for $17 million

The Big Little Lies star and her Quibi executive husband bought the then-unfinished home in 2014 for $12.7 million. They then dropped a substantial amount for upgrades, which include installing a hedge that blocks the view from the front of the .42-acre property. They also reportedly had a guard shack built for their full-time security detail.

The property was never listed on the open market, so there are limited details that have been made known to the public. However, the interior of her home was once seen during Witherspoon’s “73 Questions” interview with Vogue in 2014.

Designed in an East Coast traditional style, it is the work of famed architect Ken Ungar, who is quite famous among celebrity homeowners. Some of the celebs who loved his work are actress Jennifer Garner, NBA star Russell Westbrook, and businessman Byron Allen.

Reese spent some time and money to upgrade the Los Angeles home

The 2-story home has 10,300 square feet of living space and features 5 bedrooms and 7 bathrooms. The sunny and cozy feel of the home is evident in its front living room. It even has an entire wall of built-in bookshelves with everything from books to hardbound film scripts, award statues to family photos.

The dining room’s focal point would probably be the spiky-edged chandelier, but the long 8-seater wooden table is also a prime area for hearty meals with her family or guests. The kitchen is decked with white subway tile backsplash, gray-blue cabinetry, and a large center island topped with a white marble counter.

It also has spacious backyard terraces and grassy lawns perfect to host alfresco dining. Of course, an outdoor space for a celebrity home like this would not be complete without a gorgeous swimming pool that has an inset spa and Baja shelf.

An avid reader, Witherspoon reportedly designed a full wall of bookshelves

Although Witherspoon has let go of this home, she still maintains a number of properties in her hometown of Nashville, Tennessee. Some of which are said to be occupied by family members. She also recently dropped $6.25 million in 2019 to acquire the gorgeous Zuma Farms ranch in Malibu.

Witherspoon, who recently produced and starred in the Apple TV+ web series The Morning Show, her hubby and three children can also fly to the Bahamas and stay in their luxe getaway located among other multimillion-dollar mansions inside a guard-gated community.

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