It took two years but Rob Lowe has sold his sprawling custom-built Montecito mansion for $45.5 million.
The actor and his wife, jewelry designer Sheryl Lowe, put the home on the market in 2018 for $47 million before slashing the price to $42.5 million in August 2019.
Just over a year later and the couple are reportedly closing on a deal to sell the estate for around $3 million more than the latest asking price, according to The Wall Street Journal.
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Done deal: Actor Rob Lowe and his wife, jewelry designer Sheryl Lowe, have sold their 10,000 sq ft Montecito mansion in an off-market deal for $45.5 million
Over asking: The Lowes put the home on the market in 2018 for $47 million before slashing the price to $42.5 million in August 2019
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