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Boxing Legend Sugar Ray Leonard Is Having Difficulty Selling His $45 Million Pacific Palisades Mansion. Slashed Price for a Second Time

Former boxing champ Sugar Ray Leonard is really looking to sell his Pacific Palisades, California, mansion. The property has been on the market for three years and now Leonard has slashed the price — for the second time.

HOLLYWOOD, CA – MAY 25: Sugar Ray Leonard attends B. Riley & Co. and Sugar Ray Leonard Foundation’s 7th Annual “Big Fighters, Big Cause” Charity Boxing Night at Dolby Theatre on May 25, 2016 in Hollywood, California. (Photo by Mark Davis/Getty Images for Sugar Ray Leonard Foundation )

Knockout Career

Leonard, who has a net worth of $120 million, reigned supreme in the boxing ring. During his 20-year career, he won world titles in five different weight divisions and was a five-time world champion. He was also one of the most financially successful boxers; he was the first boxer to earn more than $100 million in purses.

Photo : Anthony Barcelo

When Leonard won his first world title, the WBC Welterweight Championship, in 1979 he earned $1 million. In his 1980 fight against Roberto Duran, he earned more than $9 million in the match he lost by unanimous decision. The famous rematch, which became known as “no más” for the words uttered by Duran as he quit the fight in mid-match, garnered Leonard $7 million. In 1981, Leonard earned $11 million in beating Thomas Hearns. He retired for a short time, after suffering a detached retina, but came back to fight Marvin Hagler, earning a minimum of $11 million in winning that bout by decision. He continued fighting, earning more than $10 million per match before retiring in 1991.

Photo : Anthony Barcelo

Looking to Unload Home

In 2019, Leonard listed the home for $52 million, and then relisted it for the deeply discounted price of $46.5 million, now he’s asking $45 million for the residence described as a “private Florentine villa-inspired home.”

History of home

Leonard and wife Bernadette purchased the two parcels in 1993 for an unrecorded amount and tapped renowned architect Richard Landry to design the sprawling, elaborate mansion. On the property, there is also a two-story poolside guesthouse. The two buildings offer eight bedrooms and 15 bathrooms in close to 17,000 square feet. 

Photo : Anthony Barcelo

Old World details rule on the property: There’s a wrought-iron gate, a hand-stenciled groin-vaulted ceiling in the entry vestibule, several baronial fireplaces, and eight stone columns line the sunken living room. Architectural flourishes include heavy-duty wooden ceiling beams, antique floor tiles, castle-esque oil paintings and tapestries, and massive wood-trimmed arched windows and doors, Dirt Magazine describes. The house has eye-catching mountain and ocean views.

There is not one but several living rooms and one formal dining room. The mansion also boasts a professional eat-in kitchen, a screening room, and a large family room.

On the manicured grounds is a parking-lot-sized motor court, south-facing terraces where one can soak up the sun, an oval swimming pool, a tree-shaded putting green, as well a lighted tennis court.

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