Tom Hanks and his wife, Rita Wilson, are trying again to cast off their villa in Pacific Palisades – this time at a reduced price of $4.999 million. They listed it last year at $5.225 million but took it off the market at the holidays.
The Spanish-style villa, built in 1929, has an old Hollywood ambience with archways, frescoed ceilings, tall windows, a library, a bar, a sun room, a beauty salon, four bedrooms, six bathrooms and 6,289 square feet of living space. The living room opens to a loggia and gardens.
Hanks, 57, starred last year in “Saving Mr. Banks” and “Captain Phillips.” He won Oscars for his work in "Forrest Gump" (1994) and "Philadelphia" (1993) and received lead actor nominations for "Big" (1988), "Saving Private Ryan" (1998) and "Cast Away" (2000), which he also produced.
Wilson, 56, appeared opposite Hanks in "Sleepless in Seattle" (1993). Her film work also includes "Jingle All the Way" (1996), "Runaway Bride" (1999) and "It's Complicated" (2009).
The house last sold for $1.9 million in 1988, according to public records. The couple also had the house on the market in 2012 at $5.45 million.
Mary Lu Tuthill and Kathleen Tuthill of Coldwell Banker are the listing agents.
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