Bridget Fonda and Danny Elfman Sell 1 of Their 2 Neighboring Mansions for $8.8M - See Inside!
Bridget Fonda and Danny Elfman are saying goodbye to one of their two back-to-back mansions!
The actress, who is the daughter of late actor Peter Fonda, and her composer husband put their shared Los Angeles properties on the market in October for $8.8 million and $5.8 million— for a combined price tag of $14.6 million. Now, they've sold the larger mansion for $8.75 million, the Los Angeles Times reports.
The smaller property, which Fonda and Elfman used as a guesthouse, is still on the market with a new asking price of $4.888 million.
The newly sold home is about 8,300 square feet with six bedrooms and eight bathrooms. It boasts a number of unique amenities, including a sunroom overlooking a courtyard and fountain as well as a massive ballroom, which the couple converted into a home theater.
The smaller property is about 4,300 square feet and has four bedrooms and six bathrooms, as well as plenty of luxurious living spaces decorated in a Midcentury style.
Even though the couple put both homes on the market simultaneously, the two properties were purchased many years apart.
Elfman purchased the larger home back in 2000 for $2.13 million before tying the knot with Fonda, according to the Wall Street Journal. Although he explained that what drew him to the property was the fact that it "hadn't been all redone," the mansion needed an extensive restoration — which ended up taking about three years and costing around $3 million.
"There was a point where I was kicking myself, like I'm putting all this money in and I don't even get an extra room," he told the newspaper. "But there's a certain point where you've committed to a project and you have to see it through."
Fonda and Elfman, who wed in 2003 and are parents to a 15-year-old son, lived together in the main house for over a decade, before Elfman purchased the neighboring home for $3.6 million in 2015.
The composer told the Wall Street Journal that he purchased the property without taking a closer look at it first, as his wife had already fallen in love with it.
Although the pair never planned on selling their mansions, the coronavirus pandemic changed everything.
As lockdown began, they headed to Santa Barbara, where they own a ranch. While initially they only planned on staying there for a month, they ended up deciding to make the ranch their primary home.
Elfman went on to tell the newspaper that despite the big shift, they do plan on buying a smaller residence in Los Angeles, where they can spend time until their son graduates from high school.