As reported last night by The Los Angeles Times, Sly Stallone has parted with his 1.75 acre home on Lake Sherwood (just north of Malibu), sitting on more than 500 feet of water frontage, for $4.2 million.
The property has a 3BR/3BA home weighing in at 3,600 sq.ft., with a separate boathouse, guest house and caretaker’s residence. Sly only had the property for three years, having acquired the place for $4.85 million in 2008. Next up on the actor’s agenda, “Expendables 2.”
Never have the words “motivated seller” meant more.