Tom Hanks sells a pair of Pacific Palisades houses for $17.5M

Patience has paid off for Academy Award-winning actor Tom Hanks and his wife, Rita Wilson. Nearly a year ago, the couple listed two Pacific Palisades homes located right next to one another for a combined $18 million. Now, Variety reports that a single buyer has purchased both properties for just over $17.5 million.

The smaller of the two homes, a 1933 Spanish-style with close to 4,000 square feet in floor area, sold for over $1 million under its $8.75 million asking price. But the other home, a 7,300-square-foot English-style mansion built in 1957 fetched over $10.1 million—well above the $9.25 million asking price.

Hanks and Wilson purchased the two properties in separate sales for a combined $13.1 million, so the couple has certainly scored a nice profit on the homes.

Oddly, the two actors own a third home right next door to the sold properties, which they appear to be hanging on to for now. It’s not their only Pacific Palisades residence either. In 2010, they paid $26 million for a 14,500-square-foot home formerly owned by producers Kathleen Kennedy and Frank Marshall (both have produced multiple movies starring Hanks).

Hanks and Wilson also sold a somewhat grandmotherly residence in 2013—also in Pacific Palisades. The couple certainly seem to be fans of the neighborhood.

• Tom Hanks and Rita Wilson Sell Side-by-Side Homes in Pacific Palisades [Variety]
• Tom Hanks is selling two homes right next to each other [Curbed LA]
• Hanks and Wilson Lay Down $26 Million in Pacific Palisades [Curbed LA]