Paul Hogan lists Malibu mansion but will keep Santa Barbara
Crocodile Dundee stars Paul Hogan and wife Linda Kozlowski have listed their Malibu estate for sale. Hogan's 493-square-metre contemporary home came on the market last week at $6,475,000. The Huffington Post noted Hogan bought the house in 2009 for about $25,000 less.
The exclusive Serra Retreat neighbourhood, while not beachfront, has much larger lot sizes than Malibu's other prized housing developments.
Hogan's four-bedroom home, described as "the Hamptons meet modern minimalism," sits on about 2,000 square metres and includes a 21-metre pool and grassy yard.
The Malibu home is listed by Eytan Levin of The Levin Group.
The estate shares the same guarded gates with Kelsey Grammer and Mel Gibson homes..
Hogan's lawyer Andrew Robinson said the listing had nothing to do with Hogan's much-publicised battle with the Australian Tax Office.
Robinson confirmed the listing to News Ltd papers but said the sale was "not to raise money to pay legal costs or any alleged tax debts". Instead, he said Hogan had "two houses in the LA area and doesn't need one of them”. Hogan's other home is in Santa Barbara, 90 minutes north of LA.
Robinson indicated future proximity to schooling for Hogan's teenage son, Chance, might have been more of a factor in the listing decision.
"The choice of where he will live will be more influenced in the future by Chance's schooling requirements," he said.
Hogan, Kozlowski and Chance were currently living at the Malibu residence, and Hogan initially put the Santa Barbara estate on the market. However, he did not receive reasonable offers for the Santa Barbara mansion because of the depressed top end property market and decided to sell the Malibu property instead.
The property is pitched as "very private", with "custom-built cabinetry in every room" and an "oversized garage".
Hogan bought it in 2009 for US$6.45 million ($6.08 million). The 1972-built house was bought from Scott Gillen, a stunt driver turned television show producer, who has worked on the Speed Channel's Build or Bust, a motorcycle construction reality show, and Setup, which followed 12 amateur race car drivers in a racing competition. Gillen had paid US$3,825,000 in 2008.
Hogan has been a vocal critic of the ATO, which has been probing him for seven years as part of the controversial Project Wickenby investigation.