Hollywood celebrity Sandra Bullock is selling her house in Austin, Texas. The gorgeous home boasts 5,663 square feet, 3 bedrooms, 2.5 bathrooms and she’s listed for a surprisingly low price of $2.5 million. But why is the movie star selling her beloved ranch down South? Most likely because although her family unit has grown with the addition of her adopted son Louis, she’s coping with the realities of divorce and simply ready to move on now.
The celebrity real estate news website The Real Estalker says, “Just a couple years ago, according to the folks at Forbes (via The Hollywood Reporter), Oscar-winning actress and producer Sandra Bullock (The Blind Side, Crash, Miss Congeniality and etc.), was widely reported to be one of the—if not the—highest paid actresses in all of Hollywood who took in a knee-bucking and bank account filling $56,000,000 between June 2009 and June 2010.”
They postulate that even if the movie star income estimate is off by several million dollars that it appears from the looks of things like her income has plummeted in the last couple of years. They write, “[It] should come as no surprise to the children the otherwise low-key superstar single-mommy of one has adequate funds to own an impressive property portfolio that bursts at the seams with more than half a dozen luxury residences from California to New York…”, but they also mention that since her all-too-painful and public divorce from reality television star Jesse James she’s probably thinking about downsizing.
According to the source, “Since at least the mid-1990s Miz Bullock [sp] has owned a home (and numerous businesses) in the music-loving, lefty-liberal Texas city of Austin where a month or so ago she chose to lighten her considerable and no-doubt costly to maintain real estate load and hoisted a walled and gated estate southwest of downtown Austin on the market with an asking price of $2,500,000.” Because Sandy is raising her son Louis primarily down in New Orleans, the need to keep the Austin Ranch in her collection of properties (or for nostalgic reasons related to Jesse James and their failed marriage) seems unnecessary.
What do you think, readers? Has she priced the post divorce sale of her celebrity home right? Let other readers know your thoughts about the celebrity property compared to the luxury home buyers market in the comments section below.