Nicole Richie and Joel Madden Sell $10 Million Beverly Hills Mansion After Hefty Price Cut
Nicole Richie and Joel Madden sold their Beverly Hills mansion on May 30, 2025 for about $10 million
The stars' original asking price for the 6,100-square-foot home was $12.95 million
Richie and Madden first listed the property in July 2024 just days after Madden's twin brother Benji and his wife, Cameron Diaz, listed theirsNicole Richie and Joel Madden have sold their Beverly Hills mansion — after slashing the price by nearly $3 million.
The Simple Life alum, 43, and Good Charlotte frontman, 46, sold the 6,100-square-foot home for $10,183,985 on May 30, according to property records. The original asking price for the Parisian-style abode was $12.95 million, meaning the couple slashed the price by about $2.77 million before finding a buyer.
The four-bedroom, 5.5-bath home is located in an exclusive and star-studded gated community in Beverly Hills and features a three-car garage, a library equipped with a fireplace, and a spa, according to the listing. Outside, the luxury home boasts a swimming pool and olive trees.
The couple first purchased the property in 2021 after selling their previous residence, according to Realtor.com. Before the couple moved in, the property was featured in Architectural Digest in a piece highlighting Simo Design, the Los Angeles-based designers who reimagined it.
After the home's makeover, the designers put the home on the market in 2020 for $13 million, and later reduced the asking price to $12.4 million before selling to Richie and Joel, per Realtor.com.
The stars — who have been married since 2010 and are parents to two teenagers, Harlow, 17, and Sparrow, 15 — first put the property on the market last summer, just days after Madden's twin brother Benji and his wife, Cameron Diaz, listed theirs.
Richie and Joel's listing went live on July 12, while Benji, 46, and Diaz, 52, listed their home on July 9.
The Holiday actress and Good Charlotte guitarist put their compound, situated in the Benedict Canyon neighborhood, up for sale for $17.8 million, according to Realtor.com. The longtime couple — who wed in January 2015 and share kids Raddix, 5, Cardinal, 1 — first bought the seven-bedroom, 8.5-bath mansion home in 2020 for $14.7 million.
At the time, a source revealed to PEOPLE why Diaz and Benji decided to let go of the home.
"They have multiple residences in Los Angeles and are choosing to let go of the Benedict property so that they can take residency at another one of their homes," the insider said.
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Both couples keep their marriages largely out of the spotlight. The twin Good Charlotte rockers did, however, recently open up about their 'healthy fear' of their wives while appearing on Rob Lowe's SiriusXM podcast Literally! in March.
"They are absolutely our counterparts, and we all have a healthy fear of our wives... I don't know if I ever thought someone could keep me," Joel said "I was a relationship guy, but then I met Nicole, and she absolutely runs the show — but we are partners."
The former reality star, Joel continued, "gave me a way deeper, richer life because of the aspects of my life that she oversees, she runs, and vice versa. We work together, but she's strong. I respect her and fear her a little bit."
"That's the queen," Benji later added of Diaz. 'Go against my wife? Good luck. I don't even need to get involved."
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