Public records have cleared on the purchase price that actor Sylvester Stallone paid for two lots -- one of them containing a 1946 house on it -- in Thousand Oaks, CA, and they reveal that the "Rocky" and "Rambo" actor forked over a total of $6,350,000 for the two properties, which together originally had been listed for almost $7,200,000.
In a Big Time Listings exclusive, we can report on the final amount that Sly paid for his newly acquired, 1.43-acre spread on Lake Sherwood in Thousand Oaks.
Back on July 23, we wrote about reports of Stallone having purchased the two properties on Lake Sherwood in Thousand Oaks. Two days earlier, the Los Angeles Times' Ann Brenoff had exclusively reported that Stallone had purchased a lakefront property in Thousand Oaks with 500 feet of lake frontage that had been listed for $5.5 million and an adjacent lot (with another 150 feet of lake frontage) that had been on the market for $1.7 million. At the time, we scrubbed Thousand Oaks listings and determined that Brenoff had been referring to a house and 1.14-acre parcel on Lake Sherwood Drive that had been listed for $5,499,000 (with the house measuring either 1,987 square feet, according to public records, or 3,600 square feet, according to listing information), along with another parcel that we couldn't find. However, the purchases hadn't yet cleared public records, so we couldn't independently verify that Stallone had made the purchases (although we had no reason to doubt that).
Now, however, we can be the first to provide details on Sly's purchase amounts. Records show that Stallone's Raven Trust paid $4,850,000 for the house and 1.14-acre parcel on Lake Sherwood Drive in Thousand Oaks on June 3, with the deal being recorded on July 15. And, records show that same trust paying another $1,500,000 for a 0.28-acre (12,100-square-foot) parcel on David Lane in Thousand Oaks on May 28, with that deed being recorded on July 1.
Check out our July 23 post for information on the other properties that Stallone has owned over the years.