variety.com
59%
235
Rob Lowe Downsizes to 1970s Montecito Fixer-Upper
Mae Hamilton After selling his custom-built Montecito compound for $44.5 million last month, Rob Lowe is reinvesting his profits back into real estate. Two weeks ago, he bought a $3.75 million contemporary home in Beverly Hills, and now the “Parks and Rec” star has picked something new in Montecito, too — a $5.2 million fixer-upper that’s a remarkable downsize from his elegant former estate.Unlike his former Montecito mansion, Lowe’s latest purchase is located walking distance to Montecito’s downtown area on Coast Village Road, and not further up in the hills of the pricey seaside town.
