Rod Stewart Re-lists Spectacular Longtime L.A. Mansion for $80 Million — $10 Million “More” Than Last Time

"Basically, I don't want to sell it...There's too many fond memories," the rock icon previously told PEOPLE of his L.A. estate

Sir Rod Stewart's sprawling Los Angeles home is up for sale — again!

The rock icon, 78, initially listed his 38,500-square-foot Beverly Hills property for a cool $70 million in June. He told PEOPLE at the time that he wouldn't "take a penny under what I've asked for."

Now, he's asking for several pennies more. He re-listed the property with Tomer Fridman of Compass with a $10 million price increase, for $80 million. It was previously listed with Michelle Oliver of Douglas Elliman.

"Basically, I don't want to sell it, and the kids don't want me to sell it either," Stewart told PEOPLE in June. "There's too many fond memories. I've lived [in L.A.] since 1975, and I adore the place."

Related: Rod Stewart Lists Sprawling L.A. Chateau for $70 Million — See Inside!

Designed for Stewart in the 1990s by celeb-favorite architect Richard Landry (who also built Tom Brady and Gisele Bundchen's former L.A. home with a moat) the property features a variety of luxury amenities, including a soccer field, motor court, and an impressive pool.

Stewart revealed that the reason he is looking to unload the property is because he plans to reside in England as his more permanent home base following the completion of his world tour and Las Vegas residency, which wrapped up in November.

"This home has such a rich family history," Fridman of The Fridman Group International said in a statement to PEOPLE Wednesday. "His family spent thirty years residing there and he raised his kids there. Although they've created so many wonderful memories, it makes sense that he's eager to move on because in addition to having a packed touring schedule, he spends a majority of his time in Palm Beach and Europe."

Among the home's lavish offerings are a picturesque fountain that greets visitors outside the columned facade. Inside the various living spaces — a great room, tea room and den on the first floor — offer ornate Old World design and several wood-burning fireplaces.

The home also comes with a private movie room and speakeasy. Outdoor amenities include an inviting pool, spa-like jacuzzi, built-in barbecue and fireplace.

Speaking with PEOPLE in June, Stewart clarified he does not think of L.A. as "toxic," despite reports otherwise.

"Let me get one thing straight here: [the press] quoted me saying Los Angeles was toxic. It's not toxic," he says. "It might be to other people, but I've had some of my best fun and years in Los Angeles. But L.A. is not toxic. Sometimes the air's a bit dirty, but I love L.A."

The end of the tour marked a shift in Stewart's personal life as well as his career. In the future, he doesn't see himself doing a big rock "n" roll tour again.

"This will be the last time 'round, I think, to do the rock 'n' roll stuff because I want to move on to swing music and the Great American Song Book," he said in June. "But I'm not taking my songs to the cemetery and burying them. I might bring them out on the odd occasion, but I basically would like to put them to rest for a little while."

Related: Rod Stewart Discusses Taking a Break from Rock 'N' Roll — and Clears Up Those 'Toxic' L.A. Comments (Exclusive)

Though Stewart says there are a lot of exciting changes on the horizon, nothing comes close to time at home with his wife, model Penny Lancaster, 52, and his children.

"[I love] seeing my children grow up, and I have to be a different father to each of them because they're all such radically different ages," he says. "I love what I do for a living, and I love my wife. I am truly blessed. That's all I can say."

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