Reese Witherspoon sells picturesque Malibu farmhouse
What's the story
Reese Witherspoon has churned a handsome profit from her latest real estate deal. She and her husband, talent agent Jim Toth, have sold their farmhouse in Malibu, named Zuma Farms. They had bought the property in 2019. Meg Haney, daughter of billionaire real estate tycoon Franklin Haney, bought the property from the couple for $6.7 million, leaving them with a profit of nearly $500,000.
Specifics
About Zuma Farms: From ranch to residence
The property spans across about 2 acres and was first built in 1949 as a mid-century ranch. It later doubled up as an exotic wedding and filming location before it was bought by Witherspoon. Incidentally, Witherspoon's association with Haney goes way back. Haney's elder sister Mary Alice Haney is a reputed fashion designer who has styled the actor on a number of occasions.
Context
Why sell the property so soon?
Despite paying a handsome amount, Witherspoon never actually used the farmhouse for either professional purpose nor as a private residence. That's why the couple decided to sell the property. However, the magnificent farm estate was upgraded for a luxurious appeal, and has an open floor plan along with an updated gallery kitchen.
Details
Zuma Farms has a cottage and so much more
A wet bar and a lavish screening room are only two of the several attractions of this property that also has an outdoor dining and lounging area. Zuma Farms comprises several buildings, one of which is a French-style cottage. The facility has three bedrooms, two bathrooms, a guesthouse, horse stables, dressage riding areas and even a film studio.
Property background
And, there is greenery abound too
That's not all. The property is blessed with vegetable gardens, fruit trees, rare sycamores, a walking bridge and a bocce-ball court. This is Witherspoon's second real estate property sale in six months, with the former being a $17 million deal for her Pacific Palisades mansion. She owns a string of properties, most of them are in her native city Nashville.