Nicole Richie and Joel Madden Sell $10 Million Beverly Hills Mansion After Hefty Price Cut

Nicole Richie and Joel Madden have recently sold their luxurious Beverly Hills mansion for a whopping $10 million. This power couple had initially listed their stunning estate for $12.95 million back in July 2024. After a substantial price cut, they finally closed the deal on May 30, 2025, at a selling price of $10,183,985, according to property records.

The sprawling 6,100-square-foot property is nestled in an exclusive gated community in Beverly Hills, boasting four bedrooms, 5.5 baths, and a range of upscale amenities. From a three-car garage to a cozy library with a fireplace, this estate truly exudes luxury. The outdoor space is equally impressive, featuring a refreshing swimming pool and elegant olive trees that enhance the overall ambiance of the property.

Nicole Richie and Joel Madden’s journey with this mansion began in 2021 when they acquired it after selling their previous residence. The home underwent a magnificent transformation by Simo Design, a renowned Los Angeles-based design firm, before Richie and Madden made it their own. Previously showcased in Architectural Digest, this property has a history of elegance and sophistication.

It’s worth noting that the mansion was originally listed in 2020 by the designers for $13 million before being sold to Richie and Joel at a reduced price. The decision to sell their beloved abode comes after the couple decided to put it on the market last year, following in the footsteps of Madden’s twin brother Benji and his wife, Cameron Diaz, who listed their L.A. home around the same time.

Benji and Diaz, known for keeping their personal lives private, also made headlines when they recently discussed their mutual respect and admiration for their spouses on a podcast hosted by Rob Lowe. The twin musicians acknowledged the significant roles their wives play in their lives, highlighting the strong partnership and respect they have for each other within their marriages.

As Nicole Richie and Joel Madden bid farewell to their Beverly Hills mansion, their story adds to the tapestry of celebrity real estate transactions in the glamorous city of Los Angeles. This sale not only marks a significant chapter in the couple’s lives but also serves as a symbol of their evolving journey together as a family.

In the realm of celebrity real estate, each transaction tells a unique story of prosperity, style, and personal evolution. As stars like Nicole Richie and Joel Madden move on to new chapters in their lives, their properties bear witness to the memories and milestones shared within their walls. The allure of Beverly Hills real estate continues to captivate both celebrities and avid onlookers, promising a tapestry of luxury and legacy for those who call it home.