Mary K. Jacob
Snowboarding legend Shaun White has cashed in on his Hollywood Hills home, selling it for $3.92 million.
The three-time Olympic gold medalist snagged the midcentury-modern Los Angeles house for $3.75 million in 2018, the same year he won his last gold medal in Pyeongchang.
Despite listing the property for $5 million in April, retired Louis Vuitton executive Michael Silvaggi sealed the deal for less, reports the Wall Street Journal.
The 1950s home, spanning 1,900 square feet on a third of an acre, is located in the coveted Outpost Estates, known for its celebrity residents.
Made up of three bedrooms and two baths, it features a kidney-shaped pool, a fire pit and panoramic city views from floor-to-ceiling windows.
“You can see people walking up the trail from a distance,” Chase Rogers of Beverly Hills Estates, who represented the buyer, told the Journal.
Silvaggi plans to renovate the property with his partner, Steven Bouwman, who runs the design firm Studio Veren. The home’s distinctive midcentury architecture and spectacular views were major draws.
Rogers noted the appeal of midcentury-modern homes in LA, emphasizing the property’s spacious yard.
“When you think of LA, you think of cool architecture, land and views,” he said. The house was previously available for rent for $17,000 per month.
White, now 37, has shifted his primary residence to a redbrick ranch in southern Nevada.
He has been seen attending the Paris Olympics this summer and is the first snowboarder to win gold at three separate Winter Games. In 2022, White launched his own snowboard brand, Whitespace.
Listing representatives Rick Tyberg and Lauren Duffy of Douglas Elliman declined to comment on the transaction.
In June, homes in Outpost Estates had a median sale price of $2.9 million, according to Redfin.
