Bruce Springsteen Wants Upwards of $60M for Los Angeles Estate, Report Says

06.04.2015 | Uncategorized


Bruce Springsteen plans to put his estate in Los Angeles’s Benedict Canyon up for sale for $60 million to $70 million, according to Variety’s well-connected real estate blogger Mark David.

The estate, which Springsteen and wife Patti Scialfa bought in 1999 for $13.75 million, won’t be put on the open market, but rather marketed privately to “screened and qualified buyers.” When they purchased the estate, it included two homes — a 10,000-square-foot Mediterranean and an English Country-style home of a mere 7,500 square feet — on 4.5 acres, David reports.

The home sits directly below a much-disputed residential complex planned by one of the sons of the late King Abdullah of Saudi Arabia. Lawyers for the prince took the city of Los Angeles to court for holding up construction on what will be a 60,000-square-foot spread (yes, you read that right) at the end of a private cul de sac. A California appellate court sided with the city in February and ruled that the project must undergo an environment review, citing a lack of secondary access for emergency vehicles, the Los Angeles Times reports.

Springsteen and his family have two properties in New Jersey — a 378-acre horse farm in Colts Neck (his daughter Jessica is an equestrian with Olympic dreams, and his son Sam is a member of the volunteer Colts Neck Fire Department) and another spread in Rumson, plus a home in Wellington, Fla., another equestrian hub.

-Vicki Hyman