The Los Angeles estate Ozzy and Sharon Osbourne shared for the last 10 years of the rock legend's life is up for sale.
Sharon Osbourne has listed the property (1) at 501 S Hudson Ave in Beverly Hills for $17 million. The listing comes just eight months after Osbourne died of a heart attack (2) in his hometown of Buckinghamshire, England.
The Osbournes bought the property in 2015 for $11.85 million (3) (so, no, this is not the setting of the reality show that made the Osbourne family stars in the US). They initially tried to sell it in July 2022, with a listing price of $18 million, lowering that to $17.5 million before pulling it from the market, the Wall Street Journal reports.
It's a palatial estate. The home boasts seven bedrooms, 11 baths and a pool made of hand-laid mosaic tile. Designed in 1929, it features tall gates to ensure the privacy of residents and a boatload of luxuries.
The chef's kitchen opens up to the family room and breakfast room, and there's an outdoor dining area with a pizza oven and barbeque. A wood-paneled library is near the home theater, which has both a fireplace and bar included. That fireplace is festooned with the signatures of stars who have visited the home over time, including Elvis Presley, Mel Tormé and Natalie Wood. The home's primary suite has dual baths, and there's a guest apartment over the garage.
All totaled, the house spans 11,565 square feet over a lot that's a bit more than half an acre.
Jonah Wilson and Josh Greer of Carolwood Estates are handling the sale of the property.
Close to home
While Sharon and Ozzy considered a full-time move to England in 2022, the draw of Beverly Hills was too strong for them to leave it behind. The family reached new levels of fame in that city, but not at the Hudson Ave. house. The home that most people associate with The Osbournes is about 22 miles east at 513 Doheny Rd.
The Osbournes sold that house, where MTV filmed The Osbournes, in 2007 for $11.5 million to pop star Christina Aguilera. She and her then-husband lived there until their divorce, finally selling the property in April 2013 to an unknown buyer. Ozzy and Sharon's daughter Kelly revealed last month the family has made 10 bids (4) to buy back the Doheny Rd. property, but the current owners refuse to sell it.
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A seller's market
While the Osbournes had trouble finding a buyer for the Hudson Ave. home three years ago, Sharon could find things easier this time around. Despite an exodus of billionaires from the state, global buyers are quickly snatching up (5) luxury real estate in L.A.
New data from Realtor.com shows international demand for luxury homes in L.A. climbed as high as 18% at the end of last year (though has receded some in the first quarter of this year). Most of those buyers are paying all cash for the houses to avoid high interest rates.
"At its peak, nearly 1 in 5 luxury home shoppers in the L.A. metro was looking from abroad, reflecting the metro's draw for high net worth individuals who view Southern California as a destination for residency, second homes, investment properties and those seeking a form of wealth preservation," said Anthony Smith, Realtor.com senior economist.
Article Sources
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Carolwood Estates (1) ; The New York Times (2); The Wall Street Journal (3); Daily Mail (4) ; Realtor.com (5)
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Chris Morris is a veteran journalist with more than 35 years of experience, the majority of which were spent with some of the Internet’s biggest sites, including CNNMoney.com, where he was director of content development, and Yahoo! Finance, where he was managing editor. His work has also appeared on Fortune, Fast Company, Inc., CNBC.com, AARP, Nasdaq.com, and Voice of America, as well as dozens of other national publications.
