Elite Estate: LA’s Most Expensive Home Gets A New Owner, Tom Hanks

The best in the world always and certainly do deserve the best. And we think Hollywood actor Tom Hanks would be among the top names on the list. He himself seems to feel so (in a totally cool way if you ask us) as he plunges into a property deal that has made him the owner of the most expensive house in Los Angeles.

And we had started to think that the housing market might just be witnessing a double-dip recession when Hanks’ investment move comes like a last minute lift for the market. Just so you know Hanks along with his actress wife Rita Wilson (last seen as Meryl Streep’s buddy in ‘It’s Complicated’) have together bought a house in the Pacific Palisades for about $26 million.

The sprawling home is spread across 14,500 square foot and was built in 1996. Apparently, Kathleen Kennedy and Frank Marshall formerly owned it. The building consists of 4 bedrooms and 5 bathrooms. Two levels of living space and three levels of support space go very well with gorgeous Pacific Palisades backdrop which is located quite close to Malibu and Santa Monica.

Via news.gather

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