Did Sylvester Stallone know he was buying a home in the California desert? Or did something get lost in translation?
That is just one of the questions swirling around a 5,173-square-foot Mediterranean home in the La Quinta real estate market outside of Palm Springs that was purchased in 2010 by a trust associated with the “Rocky” & “Rambo” star and his wife, Jennifer Flavin.
According to The Real Estalker, Sly & his wife plunked down what appears to have been an all-cash offer for $4.5 million, only to wind up re-listing the exclusive home in the gated Madison Club enclave in November 2011 for $4.3 million.
Since then, the list price was actually bumped up another $200,000 to its current list price of $4.5 million — and that apparently includes the furnishings.
All of which begs the question: What?
La Quinta is southwest of Palm Springs and is a beacon for uber-wealthy retirees who like to play a few rounds of golf. As for why that would appeal to Stallone remains a mystery, which The Real Estalker tries to puzzle out:
The single-family residence in question, one of four that surrounds a shared motor court, is one of 19 similarly sized and styled luxury villas set amid the dozens of high-cost custom home sites behind the guarded gates of the hoity-toity The Madison Club where it’s not uncommon for vacant lots well under an acre to list for more than two million bucks but rarely sell for anything close to that amount.