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With a recent price reduction on his Santa Monica, CA, home and a purchase of an Arroyo Grande mansion, Lou Ferrigno is looking to smash through another real estate deal. He’s put a different property in Arroyo Grande on the market for $1.25 million.
Located in the same quaint Central California town as his fancier new estate, the three-bedroom, three-bathroom house now up for sale was built in 1987.
The actor best known for playing the Hulk on TV purchased it in 2001 for $729,000, and it could be where he fell in love with the picturesque area, close to San Luis Obispo, Pismo Beach, and the coastal wine country.
Sitting on a hill, the 3.5-acre property includes a main residence and a 1,200-square-foot shop with a bathroom. The shop could be converted into a second living unit for additional income.
The main residence is elevated and features a wraparound Trex deck to take full advantage of the canyon views.
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The recently remodeled kitchen is now equipped with custom cabinetry, granite countertops, and an island and peninsula.
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The master suite features a large walk-in closet, bath, and access to the deck.
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Much of the acreage is usable, so an enterprising buyer could add a pool, tennis court, or other recreational facility.
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As we reported in September, Ferrigno bought a much fancier place in Arroyo Grande. The 5.5-acre property has a 7,146-square-foot, five-bedroom, Mediterranean-style main residence. There’s also a heated swimming pool, gazebo, gardens, and walking paths. This property also boasts an 8,000-square-foot shop/barn with solar panels.
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Ferrigno also reduced the price of his Santa Monica home from $3.9 million to $3.65 million. The 1929 residence is located in the posh North of Montana area. The listing tells prospective buyers that they should “bring [an] architect,” a heavy hint that it may be a teardown.
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No interior photos of the Santa Monica listing are available, which suggests the land beneath the home has the real value.
Now that Ferrigno is happily ensconced in his Central California estate and is selling a smaller Arroyo Grande home, it appears that he has all the land he needs.
The post Lou Ferrigno Looks to Smash Another Real Estate Deal in Arroyo Grande appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/lou-ferrigno-attempts-sale-in-arroyo-grande/
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