June 07, 1999 12:00 AM

Sylvester Stallone has been looking for a Beverly Hills-area home that offers some privacy, and he thinks he’s found it. The Los Angeles Times says Stallone is paying about $10 million for a 16,000 sq. ft. newly-built gated estate that features a 500-foot-long driveway, six bedrooms and nine bathrooms. Stallone and wife Jennifer Flavin put their Miami home on the market for $27.5 million. The London-based Orient-Express Hotel chain has made a $24.7 million offer that’s contingent upon getting zoning approval to build a commercial structure in the residential neighborhood.

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