Real Estate

Matt Damon finds buyer for $17.9M LA estate after price cut


Only a few weeks after Matt Damon slashed the price of his Los Angeles estate by a colossal $3.1 million, the actor has scored a buyer, The Post can report.

Damon initially listed the property — located in the upscale Pacific Palisades neighborhood — back in January for $21 million. But the price apparently was too high for anyone’s liking.

On Aug. 4, the sale price decreased to $17.9 million, with a pending offer going into effect Thursday morning.

Although not as large as he hoped, Damon will still be walking away with a near $3 million profit, not taking into consideration renovation costs and broker fees.

But the 50-year-old actor — long pegged as one of the “most bankable” stars — hopefully isn’t too worried he couldn’t score more for his estate, which he purchased back in 2012 for $15 million. Damon’s films have reportedly grossed more than $4.1 billion in North America alone, according to IMDb.

The sale of the home comes nearly six months after he moved his family to Brooklyn Heights during the ongoing COVID-19 pandemic last summer.

Built in 2005, the property is made up of seven bedrooms and 10 bathrooms and spans 13,500 square feet.

The Zen-inspired architectural haven features numerous amenities, including a game room, bar, office, gym, media room, staff quarters and wine room, according to the listing.


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Kathy Lewis

Kathy Lewis is an all-around geek who loves learning new stuff every day. With a background in computer science and a passion for writing, she loves writing for almost all the sections of Editorials99.

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