After over a year and multiple price adjustments, the mid-century Beverly Hills residence of the legendary actor has finally traded hands.
While the actor and his wife, Sheryl Berkoff, are renowned for their wildly successful, decades-long stewardship of their Montecito estate, the sale of their Beverly Hills secondary residence offers a fascinating glimpse into the market’s current appetite for celebrity homes.
Lowe first introduced the nearly 3,000-square-foot mid-century modern home to the market in the summer of 2024 with an ambitious initial asking price near $6.6 million. The price reflected the home's impeccable pedigree and the Lowes' own sophisticated, contemporary updates to the 1950s structure, which they acquired in 2020 for a competitive $3.75 million.
However, in a cooled L.A. luxury market, even a name as bankable as Lowe’s requires patience—and strategy.
After navigating multiple price reductions and re-listings, the three-bedroom, four-and-a-half-bath abode finally closed its chapter this month, reportedly selling for $4 million. This final figure, a substantial drop of $2.6 million from the original ask, secured a buyer who recognized the value of a meticulously appointed, celebrity-owned property at a moment of market recalibration.
The enduring appeal of this property is rooted in its design philosophy—one that aligns perfectly with Lowe's stated aesthetic preferences: "My thing about houses is that I'm all about the light."
The home’s architecture masterfully integrates the outdoors, boasting expansive, black-framed glass windows and doors that flood the interiors with natural light and maximize the canyon views.
Highlights of this coveted celebrity home include:
- A custom-designed kitchen featuring sleek, jet-black cabinetry and top-of-the-line appliances.
- Multiple terraces and covered patios, including a double-decker setup, create effortless flow for quintessential California entertaining.
- A serene pool and spa area, a dedicated home gym, and a quintessential backyard putting green for leisure.
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