Eva Longoria Sells $8.25 Million L.A. Estate She Bought From Tom Cruise at a Loss - See Inside
The former Desperate Housewives star reportedly purchased the home from Tom Cruise for $11.4 million in 2015
Eva Longoria has finally sold her private Los Angeles compound at a huge loss.
The Desperate Housewives alum, 45, purchased the French-inspired home from Tom Cruise in 2015 for $11.4 million and has now sold it for $8.25 million, according to Variety — incurring a $3.15 million loss on the deal.
The estate was reportedly first listed for $14 million in 2017 before Longoria dropped the price to $9.8 million in 2018. The listing changed hands a few times, but Bravo star Josh and Matt Altman of Douglas Elliman and Eddie Fallah of the Lux Group were the final listing agents.
Perched off of famed Mulholland Drive, the secluded Hollywood Hills property spans nearly three acres and includes two separate residences, two standalone studios and a quaint stone cottage.
Outside, the space is crossed by a series of stone paths that lead to plenty of alfresco entertaining spaces with views of the valley, a lagoon-style swimming pool, and a spa with a footbridge.
The main house is a three-bedroom, three-bathroom cottage with oak floors and a farmhouse-style kitchen with oversized French doors leading outside. It also features a wine tasting and storage room.
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A second home on the site has four bedrooms, four bathrooms, a chef's kitchen and a dining area.
According to Variety, this is not the first time the actress — who welcomed her first child Santiago Enrique Bastón in June 2018 — is taking a loss on a real estate sale.
The outlet reports that in early 2018, she placed an 8,600-square-foot residence on the market for under $3.2 million, at least $400,000 less than the $3.6 million she paid for it nearly 12 years earlier.
"I'm leaving my house of 10 years," Longoria said in a video shared on her Instagram Stories in March 2018 while she was still pregnant with her son. "The whole house is empty. Everything's packed and everything's empty."
"I'm going to miss this place," she added.
"I'm lucky cause my son is so little, he's not in school yet and he's not quite a baby so he's just in the sweet spot of 'has no idea what's going on' and just loves that Mom and Dad are home all day long," Longoria tells PEOPLE.
She is also still keeping busy with the release of her new Quibi comedy Flipped, co-starring Kaitlin Olson, Will Forte and Andy Garcia as Longoria's husband.