Snowboarding legend Shaun White has cashed in on his Hollywood Hills home, selling it for $3.92 million.
The three-time Olympic gold medalist snapped up the modern Los Angeles home for $3.75 million in 2018, the same year he won his latest gold medal in Pyeongchang.
Despite listing the property for $5 million in April, retired Louis Vuitton executive Michael Silvaggi sealed the deal for less, the Wall Street Journal reports.
The 1,900-square-foot 1950s home sits on one-third of an acre in the coveted Outpost Estates, known for its celebrity residents.
Comprised of three bedrooms and two bathrooms, it features a kidney-shaped pool, a fire pit and panoramic city views from floor-to-ceiling windows.
“You can see people walking on the path from a distance,” Chase Rogers of Beverly Hills Estates, who represented the buyer, told the Journal.
Silvaggi plans to renovate the property with his partner, Steven Bouwman, who runs the design firm Studio Veren. The house’s distinctive mid-century architecture and spectacular views were the main attractions.
Rogers noted the appeal of mid-century modern homes in LA, highlighting the property’s expansive backyard.
“When you think of LA, you think of architecture, land and cool views,” he said. The home was previously available for rent for $17,000 per month.
White, now 37, has moved his primary residence to a red-brick ranch in southern Nevada.
He has been seen competing in the Paris Olympics this summer and is the first snowboarder to win gold in three separate winter games. In 2022, White launched his snowboard brand, Whitespace.
Listing agents Rick Tyberg and Lauren Duffy of Douglas Elliman declined to comment on the transaction.
In June, homes in Outpost Estates had a median sale price of $2.9 million, according to Redfin.
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Image Source : nypost.com
