Inside Tom Hanks $26 Million Pacific Palisades Home

 

Arguably one of the most experienced, exceptional, and gifted actors of the 21st century, Tom Hanks has been a pillar in the Hollywood industry ever since he began acting professionally in 1977. His acting acumen has landed him roles in movies with only Hollywood’s best and most prestigious actors, such as Leonardo DiCaprio, Denzel Washington, Matt Damon, Vin Diesel, Stanley Tucci, and Catherine Zeta-Jones as well as a reprised role in one of the most successful computer-animated film series of all time, Toy Story.

Now at 65 years old, Hanks has acted in over 100 films which have helped to generate a net worth of over $400 million, although this is a combined figure with that of his wife, Rita Wilson, net worth. With such extensive net worth, it’s expected that this elite actor would be busy making investments in land and properties instead of flaunting their money on frivolous jewelry and designer clothes. So that’s why when they purchased their Pacific Palisades mansion in 2010 for $26 million, it immediately became their main residence, despite owning multiple homes in Malibu, California, Sun Valley, Idaho, and even in Greece. But let’s find out what cool features exist inside this awesome mansion owned by one of Hollywood’s power couples.

A House In The Hills

It’s clear that whatever the Castaway actor does, whether making a classic film or purchasing a modern mansion, he leaves his mark! So when he and his wife, Rita, purchased the mansion for $26 million, it went down as one of the most expensive purchases in the area at that time. The massive hilltop mansion spans an enormous 14,513 square feet featuring four bedrooms and five bathrooms throughout the entire structure of the home. Perched atop a cliffside, the lot itself sits on an acre and a half of land, according to Heavy.com. Despite being used as a hosting spot for many A-list Hollywood parties, the couple actually keeps their home very private and, as a result, there aren’t many specifications on the house. However, it has been revealed that the house was built back in 1996 and was previously occupied by Hollywood producers Kathleen Kennedy and Frank Mashall.

RELATED: Inside Chris Pratt’s $15 Million Pacific Palisades Mansion

Specifications And Renovations

After the Hollywood couple left the home, a significant number of changes and renovations took place in 2006. The mansion is equipped with 3 stories in the interior, each floor having its own unique and spacious balcony area with a beautiful view. One of the floor levels was called a support space and was modernly decorated with pristine white walls and polished wooden flooring. It also includes an add-on room such as the wine cellar, which is a must for these celebrities considering the frequent number of high-end parties that the Award-winning couple love to host in their luxurious quarters. No matter how loud it gets, with multi-millionaire neighbors like Matt Damon and Chris Pratt, there’s probably no serious contention as all they have to do is send an invite for a night of wine-tasting and cocktails.

Rest assured, the caliber of people that are in attendance at one of Tom Hanks’ parties could make any celebrity a little jealous and be more than happy to get in on the action. According to Daily Mail, everyone from Michelle and Barack Obama to Steven Spielberg and Bruce Springsteen was in attendance at one of Tom Hanks’ Hollywood elite parties. After all, the multi-Academy Award winner had possibly made good friends with the former President Barack Obama, following the Presidential Medal of Freedom that was awarded to the actor by the former 44th United States President in 2016.

The Additional Amenities

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Back to the outside features of the mansion, the front yard also offers a large treelined motor court as the circular guest parking area. Following the curved parking section, it leads to a beautiful, front-facing cliffside swimming pool and deck area, perfect for those elite Hollywood bashes they love to throw ever so often. It’s unsure as to whether it was the renovations that were done or the money trail of the celebrities that graced the property with their presence, but Hanks’ Pacific Palisades property has now increased in value to over $28.5 million from the $26 million the couple paid for it in 2010.

As it was aforementioned, this is just one of the beautiful structures owned by this power couple in the Pacific Palisades area of Los Angeles. According to The Real Deal, Tom and Rita have owned properties in that area way before 2010. Their first home purchase was in 2003 and by 2007, they added the neighboring mansion property to the list as they are located on a connected piece of land. One of the mansions was a four-bedroom Spanish revival of about 4,000 square feet which he bought for $7.3 million and sold for $8.75 million in 2016. The annexed mansion was a bit larger with 7,260 square feet of living space with seven bedrooms which he bought for a little over $9 million. The properties ultimately sold for a combined price of $18 million. One thing for sure is that if push comes to shove, Hanks and Wilson have plenty of living options both near and far!

READ NEXT: 10 Crazy Expensive Things Tom Hanks Has Bought

Sources: The Real Deal, Daily Mail, Heavy.com

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