For sale … Paul Hogan’s Malibu mansion.
Source: The Daily Telegraph
For sale … Paul Hogan’s Malibu mansion.
Source: The Daily Telegraph
Selling up … Paul Hogan. Picture: Jeff Rayner / Coleman-Rayner.
Source: The Sunday Telegraph
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PAUL Hogan has put one of his two Los Angeles homes up for sale for almost $US6.5 million ($6.1 million).
Hogan’s four-bedroom home on 2000sq m in LA’s celebrity-laden beachside enclave of Malibu on the Pacific Ocean has been listed for sale this week: with a sales pitch dubbing it “The Hamptons meet modern minimalism”.
Confirming the listing yesterday, Hogan’s lawyer Andrew Robinson said it had nothing to do with Hogan’s much-publicised battle with the Australian Tax Office.
He said the sale was “not to raise money to pay legal costs or any alleged tax debts.” Instead, it was more to do with having “two houses in the LA area and (he) doesn’t need one of them”, he said. Mr Hogan’s other home is in Santa Barbara: 90 minutes north of LA.
Mr Robinson indicated future proximity to schooling for Hogan’s teenage son, Chance, may have been more of a factor in the decision.
“The choice of where he will live will be more influenced in the future by Chance’s schooling requirements,” he said. Sources said Hogan, his wife Linda and Chance were currently living at the Malibu residence and that he initially put the Santa Barbara estate on the market However, he did not receive reasonable offers for the Santa Barbara mansion because of the depressed high-end property market and decided to sell the Malibu property instead.
The property is pitched as “very private”, with a “70-foot (21m) pool”, “custom built cabinetry in every room” and an “oversized garage”.
Hogan bought it in 2009 for US$6.45 million ($6.08 million).
He has been a vocal critic of the ATO, which has been probing him for seven years as part of the controversial Project Wickenby investigation.