According to Mansion Global, the property, which Simmons acquired in 1982, has seen multiple price reductions since first hitting the market.
According to John Lucy of Keller Williams Hollywood Hills, who has the listing, the market hasn’t been strong enough to support the higher price point.
This assessment aligns with broader market trends, as Douglas Elliman data shows the median sale price for single-family homes in the area dropped almost 11% annually in the third quarter.
The 1937-built gated estate sits above the Sunset Strip and features more than 4,000 square feet of living space.
A stately front portico leads into a formal entry hall that connects to the rest of the home’s impressive amenities.
The residence includes an updated kitchen with breakfast area, formal dining room, and a living room and music room separated by a double-sided fireplace.
There’s also a staff suite, den, and guest suite within the property.
One of the home’s standout features is its four-room, two-level primary suite, which includes a dressing room, bathroom, and a gym, fitting for the home of a fitness celebrity who rose to fame through his energetic exercise programs and motivational speaking.
The outdoor space is equally impressive, featuring a covered veranda that steps down to a unique circular pool, pool house, and yard with potential space for a guest house.
Simmons purchased the home in the same year he released his platinum motivational album “Reach,” marking a significant period in his career.
The fitness instructor lived in the residence for over four decades until his death in July 2024 at age 76.
