Brad Pitt Quietly Lists Longtime L.A. Compound for $40 Million: Source

Natalia Senanayake
·2 min read
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brad pitt
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Mike Marsland/WireImage

Brad Pitt is looking to let go of a Los Angeles property he's owned for nearly 30 years.

The Babylon star, 59, quietly listed the expansive property located in the Los Feliz neighborhood for about $40 million, a real-estate source confirms to PEOPLE.

Pitt first called the space home after buying the original mansion from Elvira, Mistress of the Dark star Cassandra Peterson in 1994 for a reported $1.7 million. Since then, the Academy Award winner has purchased multiple lots adjacent to the original home and filled them with a swimming pool, tennis court and skating rink.

According to the source, Pitt's reason for selling the 1.9-acre property is because he's "looking for something smaller" in the L.A. area.

RELATED: Angelina Jolie Calls Brad Pitt's Winery Lawsuit 'Part of a Problematic Pattern' in New Court Filing

brad pitt
brad pitt

BACKGRID

The sprawling home is where he and ex-wife Angelina Jolie, 47, raised their six children — Maddox, 21, Pax, 19, Zahara, 18, Shiloh, 16, and 14-year-old twins Knox and Vivienne — before splitting in 2016.

Following their split and since being ruled legally single in 2019, the former couple have been in ongoing negotiations regarding the custody of their children and the divvying of their financial assets, such as their South of France estate Château Miraval.

RELATED: All About Ines de Ramon, Brad Pitt's Girlfriend and Paul Wesley's Ex

Brad Pitt (L) and actress Angelina Jolie attend the Oscars held at Hollywood & Highland Center on March 2, 2014 in Hollywood, California
Brad Pitt (L) and actress Angelina Jolie attend the Oscars held at Hollywood & Highland Center on March 2, 2014 in Hollywood, California

Ethan Miller/WireImage Brad Pitt and Angelina Jolie in March 2014

In the midst of ongoing legal troubles with Jolie, Pitt has sparked a new romance with jewelry designer Ines de Ramon, 32. The couple rang in the New Year in Cabo San Lucas and enjoyed quality time together at the Mexican hotspot.

A source revealed to PEOPLE that the two are "dating and having fun. They have a good thing going on. There is no stress. Brad is enjoying it." The insider also added that Pitt "is not seeing anyone else right now" and is "very happy."

RELATED: Brad Pitt and Girlfriend Ines de Ramon Celebrate New Year's Eve Together in Mexico

SEOUL, SOUTH KOREA - AUGUST 19: Actor Brad Pitt during a press conference of the movie 'Bullet Train' at Conrad Seoul on August 19, 2022 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images); Mandatory Credit: Photo by Dave Allocca/Starpix/Shutterstock (10405966r) Ines de Ramon, Paul Wesley New York Red Carpet Premiere of Academy Award-Winning Director Louie Psihoyos' 'The Game Changers', Afterparty, USA - 09 Sep 2019

The Chosunilbo JNS/Imazins/Getty; Dave Allocca/Starpix/Shutterstock Brad Pitt; Ines de Ramon

PEOPLE confirmed their relationship in November when a source close to de Ramon revealed the two have been "dating for a few months." They reportedly met through a mutual friend following her divorce from ex-husband, Vampire Diaries star Paul Wesley, earlier in 2022.

Pitt even brought his new love interest along to the premiere of his movie Babylon on Dec. 15, and afterward, a source revealed to PEOPLE that "Ines said that Brad is very sweet" and that Pitt "is clearly very into her, given he brought her to his premiere."