The luxurious Hidden Hills property, which spans 11,808 square feet on a 1.57-acre lot, represents the couple’s attempt to move forward following their involvement in the college admissions scandal.
The property was initially listed in April 2024 for US$17.5 million before being temporarily withdrawn in October according to Mansion Global.
Listing agent Tomer Fridman of Christie’s International Real Estate Southern California explained the timing of the relisting.
“The sellers were uncertain that they wanted to make the move. They are now committed to their next chapter,” Mr Fridman said.
The impressive estate showcases numerous high-end features, including six bedrooms and nine bathrooms, demonstrating the premium quality expected in the exclusive Hidden Hills community.
The property boasts extensive amenities, including a custom home theatre, gym, swimming pool with spa, and outdoor entertainment areas complete with a bocce ball court and fire pit.
The residence has undergone significant customization since its purchase as a new build. According to Fridman, the couple invested in “designer details and finishes, crafting it to be a bespoke and curated home that is one of a kind.”
The timing of the sale comes several years after the couple’s involvement in the nation’s largest college-admissions scandal, which resulted in both serving prison sentences.
Loughlin, known for her role in ABC’s “Full House,” served two months, while Giannulli, founder of the Mossimo clothing brand, served five months after paying US$500,000 to fraudulently secure their daughters’ admission to the University of Southern California.
The property’s return to market coincides with what agents describe as favourable market conditions.
“The lower price was set to optimise activity while current market conditions are favourable,” Mr Fridman said, who is co-listing the property with Marc Shevin of Douglas Elliman.
“The sellers were uncertain that they wanted to make the move.
“They are now committed to their next chapter.”
View the listing here
