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Piven's Mansion Sells for Millions Less Than Asking
30 Oct
Summary
- Jeremy Piven sold his Hollywood Hills mansion for $6.85 million.
- The property was initially listed for $9.49 million in January 2025.
- A mansion tax reduced Piven's profit to approximately $500,000 before costs.
Actor Jeremy Piven has sold his Hollywood Hills mansion for $6.85 million, marking the end of a lengthy sales process that began in January 2025. The property was initially listed at $9.49 million. Piven, known for his role in "Entourage," had originally purchased the residence in 2017 for $6.8 million.
The Mount Olympus neighborhood home featured distinctive glass architecture, a swimming pool, and sweeping city views. Its interiors included a two-story foyer, a floating staircase, a glass conservatory, and spacious living areas. The property also boasted four bedrooms, five bathrooms, a fitness center, and an infinity-edge pool in the backyard.
After several price reductions, the mansion sold for $6.85 million, a figure only slightly above Piven's purchase price. A significant factor impacting the final profit was Los Angeles' Measure ULA, a mansion tax, which added approximately $274,000 to the transaction costs. This tax considerably reduced the financial benefit of the sale for the actor.
Currently, Piven is touring nationally as a stand-up comedian and developing new projects, including a thriller titled "Miami Nights." He also remains associated with his Emmy-winning role as Ari Gold in "Entourage" and is reportedly involved in an independent film.
