While Jeremy Renner may have a nice little gig going as the star of major motion pictures, he’s not putting all his eggs in the showbiz basket when it comes to making money. The 41-year-old has also been dabbling in the world of real estate and, over the last decade, has flipped more than 15 homes in the Los Angeles area.
His latest investment? A Los Angeles mansion he bought at auction for $7 million. Now that the “Mission Impossible” star and his team have worked their magic, he’s put it on the market for a whopping $24.995 million.
According to the listing, the home – which sits on two acres L.A.’s prestigious Holmby Hills neighborhood – was “completely rebuilt” and now includes six bedrooms and 11 baths spread out over 10,000 square feet. And while we don’t know how much the “Hurt Locker” star spent on the renovations (though we’re definitely talking millions and millions) or how much it cost him to carry the home over the last two years, you’ve got to figure that he stands to make a pretty penny if he gets close to his asking price.
As for why Renner got involved in the volatile world of house flipping in the first place, after he signed on to star in the crime thriller “S.W.A.T.,” he decided it was time to stop renting. “It was just money going out the window,” he said in an August 2012 interview with Esquire. After purchasing a home, the actor and his good friend, fellow actor Kristoffer Winters, then remodeled the 1960s residence and suddenly realized they did a pretty good job. The guys were offered $900,000 for the home that Renner had paid $659,000 for. He was hooked.
But back to his latest endeavor, dubbed “The Reserve” (ostensibly for marketing purposes). The stunning estate also features 14-foot ceilings, a cobblestone driveway, pool, spa, home theater, and five fireplaces and is described in the listing as a “20's Art Deco style home fit for a 21st century Howard Hughes.”
Perhaps fellow Oscar nominee Leonardo DiCaprio is in the market for a mega-mansion?
Check out more photos of the home here: