Sylvester Stallone of "Rocky" fame is selling his home in La Quinta, California, for $3.35 million, roughly $1.15 million less than he spent a decade ago.

1. Actor Sylvester Stallone is losing
money on his La Quinta, California,
villa.
The house wants $3.35 million, more than $1 million less than
Sylvester Stallone of "Rocky" fame is selling his home in La Quinta,
California, for $3.35 million, roughly $1.15 million less than he spent
a decade ago.
According to the listing with Josh Reef of Douglas Elliman, who
listed the home Wednesday, the Mediterranean and Tuscan-style
villa offers 4,889 square feet of interior space, including four
bedrooms and five baths.
According to the ad, the two-story home includes a big living room
with double-height ceilings and a stone fireplace, a dining room with
access to a terrace, a kitchen with wood cabinets, a wood-and-stone
centre island, a breakfast area, and a wine room.

2. According to property records, Mr. Stallone, 73, an actor,
screenwriter, director, and painter, purchased the home through a
trust in 2010 for $4.5 million.
In 2014, he first offered it for $4.2 million. Since then, the house has
been on and off the market at various prices, with several brokers
involved. It was last listed for $3.625 million in 2016 before it was
pulled off the market, according to listing data.
Mr. Reef, the listing agent, said Mr. Stallone and his family used the
home for desert vacations and that it is in good condition.
Mr. Stallone's representative verified that he is the seller, but had no
further comment. Mr. Stallone is well known for producing and
starring in the "Rocky" film series.
Wood double doors, arched entryways, vaulted and beamed ceilings,
and fireplaces can all be seen in the design.
Multiple terraces, a pool and spa, and a built-in fireplace can be
found on the 0.45-acre property.
Mr. Reef stated, "It sits on the largest lot of all the villas in La
Quinta." "It also has a gurgling brook running through the backyard,
which is rather unique."