Rob Lowe Pays $13 Million for Montecito’s Stonehedge Estate

Two months ago, Rob Lowe finalized a deal to sell his lavish Montecito estate for $44.5 million to private equity tycoon Jack McGinley. Ever since then, the “Parks and Recreation” actor and longtime wife Sheryl Berkoff have been looking to reinvest those profits back into real estate. They’ve moved into a $5.2 million gated fixer-upper in Montecito, and they also paid $3.75 million for a luxurious crash pad in Beverly Hills.
Now the couple have capped off 2020 by acquiring a third house, this one a large and indisputably elegant but rather down-on-its-heels estate in prime Montecito, for which they paid $13 million. The sprawling property, which spans 6.7 acres, is but a short walk to the $14.7 million home of Meghan Markle and Prince Harry, and the $49 million compound of Ellen DeGeneres and Portia de Rossi.

READ THE FULL STORY AT Variety.com

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