Steven Stallone sells LA villa to rock star John Fogerty at a $1.6m loss - realestate.com.au

Silvester Stallone has sold his California residence to Creedence Clearwater Revival co-founder John Fogerty. The property, located in a gated community in the Hidden Hills neighborhood of Los Angeles, cost Fogerty $17.2 million, $1 million less than what Stallone paid for it two years ago.

The price for the home was set at $22.5 million, but Fogerty was able to lower the price of the deal. It's worth noting that Stallone has made almost no changes to the residence during his ownership.

The home was built in 2014 and has a main building, guest house, pool house and five horse stalls. The property also features a garden and vegetable garden that grows organic vegetables and more than 100 fruit trees.

Stallone has been active in real estate lately and has repeatedly made headlines with his deals. He put his Los Angeles property up for sale for $168 million and purchased a Palm Beach estate for $45 million.