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Celeb R.E.: Former Demi Lovato Rental in Toluca Lake Struggling to Sell Since 2012

Above images courtesy The Conroy Team Realtors
Back on December 1, 2014, gossip juggernaut, TMZ, started a battle with former Disney star and singer, Demi Lovato, claiming that she was struggling trying to sell a Toluca Lake home for the fourth time. Immediately afterwards, Demi fired back claiming that TMZ was partially correct with respect to the fact that she did occupy the home but only as a rental for 2 years when she was 15 but not actually owned it. TMZ quickly reacted by taking down their post and putting that false rumor to bed. 

So since this was a former Demi Lovato rental back in 2007, why not blog about it? It is currently available for $2,225,000 on October 22, 2014 and owned by a company called Absolute Investments, Inc with offices located in Midland, TX which purchased on June 24, 2011 for $1,530,000. 

The home measures 6 Beds/6.5 Baths on 5,086 sqft on a total lot size of 8,156 sqft built in 2007. The listing description states:
Majestic, custom three story Toluca Lake Mediterranean Villa with 6 Bedroom Suites, 7 Baths, fully equipped gourmet Kitchen, spectacular Family Room with Portico just steps from Pool and Spa. Both formal and informal Dining Rooms. Grand fireplace is focal point of the formal Living Room. Exquisite details accent the flowing floor plan. Ornate railings, rich wood floors, crown moldings, carved wood door, security entry, impressive foyer. Master Bedroom Retreat features spa-like bathroom, very spacious dressing room with library just outside on the second floor landing. Top floor bedroom suite could easily be a getaway media/gameroom or artist's studio. First floor bedroom suite could be office/maid's quarters. Near major studios, Lakeside Country Club, downtown village shops and restaurants. This home has it all!
The current owner has been trying to sell since 2012 when first heaved it on the market on August 7 for $1,799,000 where its been on and off the market ever since where it reached as high as $2,399,000 on October 1, 2013. The home is conveniently located to many stars so here is a small chance to live the Hollywood lifestyle. 

Images courtesy Keller Williams Studio City
So where does Demi live? According to the always hilarious Your Mama at the Variety Realestalker, Demi purchased a Sherman Oaks mansion (shown above) that was revealed back on November 10, 2010. Supposedly Demi purchased this home for the family with property records showing that the property lists Demi's mom as a co-trustee. Demi purchased the Spanish themed property on September 8, 2010 for $2,250,000. The home measures 4 Beds/4.5 Baths on 4,053 sqft on a total lot size of 0.30 acres built in 1928. The listing description from the purchase states: 
Entertainers dream home! Wtrfall pool, spill over hot tub & slide, sportscourt, surrounded by palm trees & birds of paradise. Lush tropical setting, plus Guest House (+820' sq. ft) with rental income of $2400 mnth. The main house has spacious Frml Dng & Lvg area w/ high beam ceilings, oak flrs, 3 fireplaces, bay wndws which opens to expansive patio deck w/ mtn views. Custom tiled fountain viewed from dng rm. Lrg Mstr Suite w/ blcny overlooking pool, yard, guest house, dual walk-in cedar closets, ktchnette, frplc, steam shwr & cast iron tub for 2. Gourmet ktchn w/ sunset views, 2 sinks, Vkg Stove, Sub Zero frdg, tmbl mrbl flrs, tiled counters, eat-in ktchn. Home Office w/ built-in dsk & file cbnts. Lrg Fmly w/ blt-in media cntr, sautillo tiles, snkn wet-bar w/ mini-frdg & frzr, sink & grnt cntrs. Cedar lined sauna, seat 4-6. 3 Car garage. Private gated estate, just s. of ventura blvd. Walk to Sherman Oaks Galleria, Whole Foods and restaurants.
Demi also spends time at the family's Colleyville, TX home. 

You can view more SFV Celeb R.E. here.

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Marty Mcfly

Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.

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