"Stewart had put the home, which he had owned since 1975, on the market at $14.5 million just before his December, 1990, wedding to New Zealand-born model Rachel Hunter. At the time, his publicist said that Stewart wanted to move because "he's starting a new life.""
"They have a house in England and are renting a Beverly Hills-area home for about $25,000 a month until their new, English-style home there is completed, sources say. Stewart is hoping to occupy the home in time for the Christmas holidays, the sources said."
"The new home will have 22,000 square feet under one roof, including a guest house. The two-acre site, which Stewart bought last year, has city views."
Rod Stewart sold his Holmby Hills residence for approximately $6 million, a significant reduction from the $14.5 million asking price set before his December 1990 wedding to model Rachel Hunter. The 1926-built home featured nine bedrooms, nine bathrooms, and nearly 15,000 square feet on two acres with amenities including a paddle tennis court and fountain. Stewart, 47, cited starting a new life as his reason for selling. He and Hunter, 23, welcomed their first child in June and are currently leasing a Beverly Hills home for $25,000 monthly while their new 22,000-square-foot English-style residence is under construction on a two-acre property with city views. Stewart aims to occupy the new home by Christmas.
Read at Los Angeles Times
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