Home / Lifestyle / Richie & Madden's Mansion Sells for Millions Below Asking
Richie & Madden's Mansion Sells for Millions Below Asking
29 Oct
Summary
- The mansion sold for $10.18 million, significantly less than $12.95 million asking price.
- The couple bought the home in 2021 for about $10.15 million, with a small profit margin.
- The property features designer interiors blending ornate details with clean lines.
Nicole Richie and Joel Madden's Beverly Hills mansion was sold on May 30, 2025, for approximately $10.18 million. This final price was considerably lower than the $12.95 million they originally listed the property for in July 2024.
Four years after acquiring the house for roughly $10.15 million in 2021, the couple saw their property transact for a price only slightly above their purchase cost. This sale occurred after a period of listing activity, including a failed deal in September 2024 and subsequent price adjustments.
The 6,100-square-foot estate, originally built in a French château style, features interiors redesigned by Simo Design. The renovations aimed to balance ornate architectural details with a streamlined aesthetic, inspired by the Chanel store in Paris.
Inside, the mansion showcases a curved staircase, marble surfaces, and lime-washed walls, with distinct living and library areas featuring fireplaces. The kitchen also boasts marble surfaces, maintaining a cohesive interior design.
Outdoor amenities include a swimming pool, spa, courtyard, and dining areas, complemented by olive trees and landscaped grounds. Large windows connect the interior living spaces with the backyard, offering an ideal setting for both entertaining and family life.
Prior to Richie and Madden's ownership, the property was marketed in 2020 with an asking price of $13 million, later reduced to $12.4 million. Their listing in July 2024 began at $12.95 million, with a reported reduction to nearly $12 million by February 2025 before the eventual sale.
