Actor Rob Lowe has reduced the asking price of his Beverly Hills home once again, relisting the property for just under $5.5 million after initially debuting it at $6.575 million earlier this summer.
According to public records reviewed by californialuxuryhouses, Lowe and his wife, Sheryl Berkoff, purchased the home in October 2020 for $3.75 million through a trust tied to Berkoff. The latest price cut reflects ongoing adjustments across the high-end Los Angeles housing market.
A Remodeled 1950s Home in Franklin Canyon
Built in 1950, the home has been extensively renovated with modern interiors while maintaining its midcentury structure. Spanning nearly 3,000 square feet, the residence features four bedrooms and four-and-a-half bathrooms across two levels.
“The owners were intentional about creating a relaxed yet refined living environment,” the listing agent told californialuxuryhouses. “It’s designed to feel contemporary without losing its architectural roots.”
Open-Plan Living and Indoor-Outdoor Design
The main living spaces occupy the upper level, where wide-plank wood floors, beamed ceilings, and an open kitchen define the layout. Custom cabinetry, high-end appliances, and a breakfast bar anchor the kitchen, while sliding glass doors connect the living and dining areas to a covered outdoor terrace.
A second agent involved in the listing told californialuxuryhouses that “homes offering seamless indoor-outdoor flow continue to attract strong interest, even as buyers become more price-conscious.”
Resort-Style Backyard Amenities
The lower level opens directly to the backyard, which includes a pool and spa, a covered lounge with fireplace, a fire pit, and a private putting green. A family room, wet bar, and home gym further support an entertainment-focused lifestyle.
Beverly Hills Location and Community Appeal
Located near Franklin Canyon Park, the property offers privacy while remaining minutes from West Hollywood, the Sunset Strip, luxury shopping, and acclaimed dining destinations. Access to scenic trails and nearby cultural hubs enhances its long-term appeal.
Representatives for Lowe did not respond to inquiries from californialuxuryhouses, and the homeowner’s identity remains undisclosed beyond public records. However, one market source noted that “pricing realistically is now the key to successful luxury transactions.”