Lori Loughlin and Mossimo Giannulli have sold their Los Angeles mansion for $12.65 million amid their separation, a move that highlights the unraveling of their 28-year marriage.
The sale was finalized on Monday, November 10, for the Hidden Hills property, which the couple had owned since 2020. Real estate sources confirmed the transaction, noting that the sale price was below the initial asking but still represented a profit from their purchase. This development comes as they navigate their recent split, announced in early October. The mansion’s sale is a key step in dividing their assets during the divorce process.
The luxurious home spans approximately 12,000 square feet and boasts numerous high-end features. Inside, it includes a fully equipped gym, a custom home theater, a chef’s kitchen, and a wine cellar. Outside, the backyard is designed for entertainment with a swimming pool, spa, bocce ball court, and BBQ area. These amenities made it a desirable property in the exclusive Hidden Hills neighborhood.
Loughlin and Giannulli first listed the mansion earlier this year, with asking prices that varied over time. They purchased the home in 2020 for $9.5 million, and despite selling for $12.65 million, they took a hit from the $14.95 million asking price at sale. The listing was held by Tomer Fridman of The Fridman Group at Christie’s International Real Estate Southern California. The couple’s decision to sell aligns with their separation, as they work to untangle their shared finances and properties.
The separation was confirmed on October 2, after 28 years of marriage, with representatives stating they are living apart and taking a break. This split follows a challenging period that included their involvement in the college admissions scandal. In 2019, they pleaded guilty to fraud for paying $500,000 to secure their daughters’ admission to USC as fake crew recruits. Both served prison time, with Loughlin released in December 2020 after nearly two months, and Giannulli after five months. The scandal has had lasting effects on their public image and family dynamics.
A prenuptial agreement could complicate the divorce, potentially affecting how assets are divided. Sources indicate that the agreement might prevent Loughlin from receiving significant financial settlements, adding complexity to their separation. The couple also owns other properties, including vacation homes in Idaho and Mexico, which may be subject to division. Their daughters, Olivia Jade and Isabella Rose, have been part of the public narrative surrounding the family’s struggles.
As they move forward, Loughlin is based in Los Angeles, while Giannulli spends time in Sun Valley, Idaho. The sale of the mansion removes a major joint asset, but the divorce proceedings are expected to be lengthy due to the prenup and other factors. This event illustrates the personal and financial ramifications of celebrity divorces, often played out in the media spotlight. The outcome will likely influence their future public and private lives.
