Gavin Rossdale and Gwen Stefani divorced after being married for….well who’s keeping count. How is he enjoying his newly single life? The recent bachelor is purchasing one of the priciest homes in Studio City, CA. The Studio City home is constructed to fit the contemporary genus. Bought for $7.6 million, this property has 6 bedrooms, 6.5 bathrooms with glass walls, a family room with a wet bar, as well as a beautiful and spacious backyard. The shocking part of this whole thing is that, the price is relatively high for the Studio City Area.
The relevance of a celebrity purchasing an overpriced home is that potential buyers will begin to give higher bids for surrounding properties. With news coming out that a celebrity bought the costliest home in Studio City, it publicizes that area and the target market begins to escalate.
Who will be the next celebrity that overpays for a home?
Photos by Rodeo Realty