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George Clooney is denying rumors of selling his Lake Como villa for $107 million - here's what we know.

George Clooney is denying rumors of selling his Lake Como villa for $107 million - here's what we know.

George Clooney is denying rumors of selling his Lake Como villa for $107 million - here's what we know.
George Clooney is denying rumors of selling his Lake Como villa for $107 million - here's what we know.

It's said George Clooney will keep his famous Lake Como villa after several reports said the luxury home is up for sale - a deal that could be one of the biggest celebrity real estate deals of all time.

George Clooney's Oleander villa in Northern Italy

George Clooney's Oleander Villa in Northern Italy was purchased by him from the Heinz family in 2002, according to Architectural Digest magazine. Stars such as Meghan Markle and Prince Harry, Jennifer Aniston and Matt Damon have since visited. The villa has 25 rooms, tennis courts, gym, garage with a collection of retro motorcycles, movie room, swimming pool, basketball court and two docks on Lake Como.

The value and negation of the sale

Last year, The Wall Street Journal reported that the value of the home that Clooney bought for about $14 million is now over $100 million thanks to the so-called "Clooney effect." But the actor himself has denied reports of the villa's sale, saying they are untrue.

Major sales among celebrities

If the deal had gone through, it would have been one of the biggest sales among celebrities.

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Last year, only two deals surpassed the $100 million mark - Snapchat CEO Evan Spiegel and model Miranda Kerr bought a Los Angeles mansion for $120 million, and billionaire Larry Ellison purchased a Palm Beach estate for $173 million.

Lake Como is a celebrity vacation spot.

Lake Como is a favorite vacation and lodging destination for celebrities and the super-rich. Billionaire Richard Branson, Madonna, Sylvester Stallone, John Legend and Chrissy Teigen, Emily Blunt and John Krasinski, Lautaro Martinez and Agustin Gandolfo are among those who have homes here.

So while Clooney's Lake Como villa remains in his possession, and it continues to be one of the most prestigious celebrity residences in the world.

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