'Fixer Upper' Fans Will Love Tom Petty's Former Mansion

'Fixer Upper' Fans Will Love Tom Petty's Former Mansion

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Kenya Foy
Aug 2, 2018

Less than a year after his passing, a mansion that formerly belonged to renowned rock star Tom Petty is on the market. After acquiring the 11,483-square-foot estate for $2.6 million in 2015, the current owners are asking $4.995 million.

Perhaps the current owners are fans of Chip and Joanna Gaines, because the place has a distinct farmhouse vibe. Accessible via a long, gated driveway, the Encino home features an atrium, a circular staircase and multiple living and entertainment areas as well as several fireplaces. A skylight-laden, driftwood beamed ceiling hovers over one particular living rooms. In addition to its 10 bathrooms, the three-story home has two master suites, which are among the home's six bedrooms.

The mansion also features a windowless media room with wet bar and sunken seating area, along with a spacious kitchen and breakfast room. Outdoor amenities include a pool and waterfall. Petty's former studio area was revived as a cabana that has since been outfitted with a workout room, full kitchen with stainless steel appliances and a wine cellar that's built into the hillside. Topping off the rockstar residential vibes is the mansion's nine-car garage. The listing listing for 4626 Encino Avenue assures would-be buyers that the renovations include updated finishes that "reflect current styles and colors-herringbone tile, Carrara marble, and exquisite fixtures."

The property sustained extensive damage the home sustained after an arsonist set fire to its wooden stairs in 1987. After a complete restoration, Petty's ex-wife received the home during the divorce but subsequently lost it in a foreclosure two years before he died.

Additionally, a Ventura County lakeside property once owned by Petty is also up for sale. As Variety notes, the singer's former Lake Sherwood residence hit the market in 2017 at an asking price of $6.2 million that has since dropped to just shy of $5 million.

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