Public records have cleared on the price that tennis star Pete Sampras reaped on the sale of his 10,376-square-foot mansion in Beverly Hills, Calif., and they reveal that he got a whole lot less than any of us celebrity real estate gossips had thought. Records show that "Pistol Pete" fetched $16,980,000 for his mansion, despite the fact that it had been on the market early this year for $25,000,000 and then later, at the time of its sale, was listed for $23,000,000.
In a Big Time Listings exclusive, we can report on the significant haircut that the "King of Swing" took on the sale of his five-bedroom, walled and gated mansion in Beverly Hills, which Sampras' trust reportedly sold to "Will & Grace" creator Max Mutchnick's trust. We last wrote about "Magical Pete's" Tudor-style estate on July 6, just after Sampras had officially sold it. And, we had written about it on January 25, back when it was on the market for a whopping $25,000,000.
On July 3, the Los Angeles Times' Ann Brenoff erroneously reported that "Pistol Pete" sold the mansion for "$23 million." Her source was the MLS, whose data usually are accurate but at the same time are hardly legally binding. Records filed with Los Angeles County that recently were made public are a far more reliable source (since they're based on a transaction's actual property transfer stamps), and they unambiguously show that Sampras actually sold the mansion for $16,980,000. (Brenoff's now-disproved report that the MLS showed that the "King of Swing" got exactly his $23,000,000 really should have, in retrospect, raised some red flags across the entire celebrity real estate gossip community; is *anyone* in L.A. getting anywhere near one's full asking price in the $10,000,000-and-up bracket nowadays?)
It's possible, we suppose, that the separate sale of furniture or appurtenances could have made up the remaining $6 million-plus sale price to make Brenoff and the MLS' number technically accurate, but we would very much doubt that. (If that's the case, we're sure we'll hear from someone on that shortly, and we'll of course get back to you with what we hear.) Sampras' muted return on the sale of his mansion still is somewhat impressive in today's market -- he more than doubled his money in seven years (he bought the mansion for $8,300,000 in 2001), less, of course, all kinds of costs, including what we would assume were several million dollars to expand and remodel the mansion.
Features in the former Sampras mansion include 12 baths, exquisite detailed finishes throughout, a professional theater, an office/library, maid’s quarters, a master suite with a sitting room, his and hers baths, and a sundeck, according to listing information. Outside on the 1.04-acre property are magnificently landscaped grounds, a north/south tennis court (natch), a putting green, play areas, and a pool, according to public records and listing information. The mansion was built in 1933, according to public records, and was designed by architect John Byers. Where is Sampras off to now? We're not 100 percent certain, but it looks to us that back in December, he went and bought himself some land (about 13.4 acres, to be exact) near the Sherwood Country Club in Thousand Oaks, Calif.