Hollywood A-listers Michelle Pfeiffer and David E. Kelly recently scored an impressive $2.75 million profit when their posh Pacific Palisades villa overlooking the prestigious Riviera Country Club sold in record time for $25 million in an off-market deal. But the Oscar-winning actress and her longtime producer husband (“Big Little Lies,” “Goliath,” “The Undoing,” “Big Sky”) weren’t as lucky when it comes to another less-ritzy Palisades property that’s languished on the market for more than two years.
Though records show the couple have finally managed to unload their decidedly more humble and outdated traditional-style ranch house to a non-famous buyer for $6.5 million, that’s well below the $8.35 million they originally wanted for the obvious teardown. It’s also a whopping $1.2 million less than they paid for the place almost four years ago, back in summer 2018.
Because the deal was finalized off-market — and removed from the open market this past November, after the price had dropped to $7.3 million — details and photos are scarce. But tax records show the existing stucco and shingle-roofed dwelling was originally built in the early 1950s, and offers four bedrooms and three bathrooms in 2,870 square feet of living space on a single level.
An obvious draw is the land on which the house rests. Nestled on a sought-after Palisades street near Rustic Canyon Park, the nearly one-third acre parcel offers a “sprawling 125-foot-wide frontage,” plus picturesque views spanning from Santa Monica Canyon to Catalina Island. The private backyard is surrounded by towering trees, and currently houses an older pool and deck; and there’s also an attached two-car garage out front.
Married since 1993, Pfeiffer and Kelley have been on a bit of a real estate tear as of late. Back in 2019, they sold another property on the Palisades Riviera for $9.1 million. They’re also selling a remote, 340-acre compound in Canada; in late 2019, they offloaded an 8.5-acre equestrian estate in California’s Silicon Valley city of Woodside for $22 million to Emerson Collective’s Laurene Powell Jobs.