Boxing legend Sugar Ray Leonard is determined to find a buyer for his Pacific Palisades mansion, and he’s willing to knock off millions from the price tag to make it happen. After several years on and off the market, Leonard has recently made another significant price reduction, hoping to attract potential buyers to this luxurious property.
He and his wife have lived in the 16,800-square-foot mansion for decades but are looking to downsize.
Boxing Champion’s Struggle to Sell
Leonard, known for his remarkable boxing career, has faced challenges in selling the Pacific Palisades mansion. Leonard’s eight-bedroom mansion returned to the market with a new asking price of $39,995,000, marking a 9 percent reduction from the $44 million he initially sought earlier in the year, Realtor.com reported. This move follows previous attempts to sell the property at higher price points, including a listing price of $52 million in the past.
Designed by renowned architect Richard Landry, the home on the wrought-iron gated compound is said to resemble an Italian villa.
Inside the mansion, notable highlights include beamed ceilings and rare biblical stone sourced from Jerusalem. The residence features a stately foyer with arches, a solarium, and a chef’s kitchen equipped with double islands, a sizable pantry, and top-of-the-line appliances.
Old World details rule on the property: There’s a 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.
The primary suite offers a luxurious retreat with a fireplace, a cozy sitting area, and a private balcony offering scenic views of canyons and the ocean beyond. Entertainment options include a playroom, game space, and a home theater.
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.
Leonard’s 20-year career highlights include multiple world titles, a gold medal in the 1976 Olympics, and $100 million in boxing earnings. He is estimated to have a net worth of $120 million.