Celeb. R.E. NBA Star Earl Watson Lists Burglarized Encino Mansion At A Loss
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| Watson image courtesy ESPN/Listing pictures courtesy Douglas Elliman |
Back on April 8, 2015, the always informative folks at LA Times Hot Property revealed that former NBA and UCLA star, Earl Watson has listed his Encino mansion for $3.899 million on April 8, 2015 which was relisted again on July 27, 2015 at the much lower reduced price of $3.595,000.
Considering that Earl Watson purchased for $4 million on June 25, 2010, this means that at the current asking price, Watson is looking at a loss of on $405,000 not even factoring commissions, carrying costs, and any renovation expenses. Also consider that Watson has been trying to sell this property on and off again since June 2010 when it first hit the market for $4.550 million.
The home measures 6 Beds/8.5 Baths on 8,573sqft on a total lot size of 0.27 acres built in 1936. The listing description states:
In addition to the Encino home, Watson owns two Kansas City, MO homes and one Denver, CO home.
You can view more SFV Celeb R.E. here.
Set behind large gates in a private setting, this beautiful Tuscan Villa is the perfect for home for entertaining. This sprawling estate boasts over 8,500 square feet with 6 bedrooms, 10 bathrooms, screening room with bar, office, and French doors throughout. The spacious eat-in kitchen opens to the family room and features Viking appliances, two islands, and a walk-in pantry. The formal dining room has a private wine room and the bright formal living room includes a custom fireplace and access to the lush grounds. The generous master suite has dual walk-in closets, a sitting area, fireplace, and a private terrace that overlooks the serene backyard. The spa-like master bath is complete with dual vanities, a custom shower, tub, and balcony. The expansive outdoor space with a pool & spa, built-in barbecue, outdoor dining, multiple seating areas, and guesthouse complete this resort-like compound.The timing of the sale might be motivated by a home invasion that took place back on February 23, 2015. Watson was renting the home to an elderly couple who were robbed by at least 4 men in ski masks while the elderly couple were handcuffed. The robbers stole various items including cash and still remain at large.
In addition to the Encino home, Watson owns two Kansas City, MO homes and one Denver, CO home.
You can view more SFV Celeb R.E. here.
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Marty Mcfly
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