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Meryl Streep Flips 1954 Research House For $4.8 Million

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Did Meryl Streep and sculptor husband Don Gummer's attempt to flip end up flopping? The pair have just sold their 1954 Research House by mid-century architecture firm Honnold & Rex, but they didn't make quite as much as they'd hoped to. The Streep-Gummers paid $4.5 million for the house in February 2013, just after it had gotten a thorough restoration/redecoration by designer Xorin Balbes. The four-bedroom house has four bathrooms, a "walnut staircase with sculptural railing," and skylights "for optimal display of fine art," but for some reason, the actress and her husband didn't want to stay for very long; they listed the house in April this year for $6.75 million, but with no takers, the price was chopped twice in May, finally coming to rest at $5.25 million. It sold this week, but for just $4.8 million—not quite the windfall they wanted, but a $300,000 flip is still something.

· 1514 Rising Glen Rd., Los Angeles, CA 90069 [Redfin]
· Meryl Streep Buys Honnold & Rex Research House in the Hills [Curbed LA]
· Meryl Streep Flipping Mid-Century Research House in the Hills [Curbed LA]