Cecil B. DeMille Estate Sells for $24.75 Million
The historic Los Angeles property sold for $5.1 million below its initial listing price in a major luxury real estate deal.
Updated on Oct. 25, 2026 in Residential
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Angelina Jolie sold the historic Cecil B. DeMille estate in the Laughlin Park area of Los Angeles for $24.75 million in September 2026. Madonna reportedly acquired the 11,000-square-foot property, which features six bedrooms and 10 bathrooms.
Why it matters
The transaction reflects a cooling in asking prices for high-end historic estates, as the final sale price landed $5.1 million below the property's initial $29.85 million listing price. This sale follows the owner's stated intent to relocate from Los Angeles as her children transitioned into adulthood.
The 2.1-acre estate sold for $24.75 million, resulting in a nominal gain of approximately $250,000 over the 2017 purchase price. The property, built in 1913, features an 11,000-square-foot main residence.
The players
Angelina Jolie
An internationally recognized actress and filmmaker known for her involvement in high-profile Los Angeles real estate transactions.
Madonna
A globally renowned musician and performer reported as the new owner of the historic property.
Cecil B. DeMille
A pioneering American filmmaker who owned the residence for decades, significantly contributing to its local historical status.
The details
The residence was originally built in 1913 and became the home of filmmaker Cecil B. DeMille in 1916. The transaction process for the new owner involved a remote video tour to facilitate the purchase of the sprawling grounds and luxury living spaces. The property remains one of the most prominent historic residences in the Los Feliz enclave of Laughlin Park.
Timeline
1913: The estate was originally constructed.
1916: Cecil B. DeMille purchased the residence.
2017: Angelina Jolie purchased the estate for $24.5 million.
May 2026: The property was listed for sale at $29.85 million.
September 2026: The sale of the estate was officially concluded.
The Home Front
This sale highlights the ongoing volatility in Los Angeles luxury real estate where heritage estates often command significant price adjustments before finding buyers. It underscores the importance of historical provenance versus current market appetite for large-scale legacy residential properties.
Homeowners in historic districts should keep documentation of property modifications to help preserve value during future transitions. Sellers in this price bracket should recognize that even unique properties may face downward pressure if initial list prices deviate significantly from local buyer expectations.
The takeaway
Large historic properties require significant maintenance and often experience long times on the market before closing. Homeowners should track local sales data in their specific enclave to understand how heritage value impacts final purchase prices in the current climate.
Further reading
For more on high-end property trends, explore Los Angeles Residential.
Source note: This article includes information reported by The Times of India.
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