Jeremy Piven Sells Mount Olympus Mansion for $6.85 Million
Jeremy Piven sold his Los Angeles Mount Olympus property for $6.85 million after more than a year of trying to find a buyer. The deal closed below the most recent asking price and far under the $9.49 million he first sought in January 2025.
Mount Olympus Price Cuts
Piven bought the gated estate for $6.8 million in 2017, so the latest sale left little upside after carrying costs and transaction fees. The home bounced on and off the market over the following year, then settled at $7.49 million by November 2025 before selling for about $640,000 less than that figure.
The price history tells the real story here: a property can look rare on paper and still need repeated reductions before it moves. Piven had also floated the home as a $35,000-a-month rental a few months before listing it for sale, which suggests he was testing every route to get value out of the estate before accepting a lower number.
The Home's 6,200 Square Feet
The 6,200-square-foot house sits on a.29-acre lot in Mount Olympus and was built in 1980. The property includes four bedrooms and five bathrooms, plus a backyard with an infinity-edge pool and a sunken fire pit area.
Inside, the listing described a two-story foyer with a floating staircase, a two-story glass conservatory, expansive living and dining rooms, and an open-concept kitchen with sliding glass doors. One room was outfitted with a drum kit and framed photos of music and acting legends, while the built-ins held three Emmy statues Piven won for his work on Entourage.
Los Angeles Mansion Tax
The sale also lands inside Los Angeles' mansion tax, which applies to homes sold for more than $5.3 million at a 4% rate. On this transaction, that works out to $274,000 before any other closing costs, a meaningful drag on the seller's net proceeds.
That is the practical takeaway for owners watching this segment: even a recognizable name and a view-heavy Mount Olympus address do not guarantee a fast exit at the first asking price. Piven's sale shows the market rewarded patience, but only after the original ask came down by $2.64 million and the home spent more than a year in and out of play.
Mount Olympus Listing
“Behind gates on a rare flat lot in Mount Olympus, this private retreat captures unobstructed panoramic views that stretch from downtown Los Angeles to the ocean,” the listing said. “A grand motor court welcomes you to a residence designed for elevated living and effortless entertaining.” “A soaring two-story glass conservatory, expansive living and dining rooms, and an open-concept kitchen with sliding glass doors invite seamless indoor-outdoor living while overlooking the skyline,” the listing added.
