After paying $4 million for the estate in 2012, the star listed his roughly 9,000 square foot residence for $12.9 million. The Wall Street Journal claims that Renner invested $5.5 million on upgrades, which included building a detached recording studio, leveling the sloping site, and tripling the size of the home.
Renner has already stated unequivocally that he intends to stay on this property, saying he wouldn’t have undertaken such a large renovation if he had intended to move out.
Many years ago, he posted on Tumblr, “I installed a massive solar-panel package that’s one of the biggest in L.A.” “On a house you intend to sell, you would never take such action since it takes four or five years to recoup your investment. A massive lagoon featuring a dive bridge and waterfall sculpted by the guys who do it for the San Diego Zoo is not something I would have built. Some buyers would find it a bit extreme, but I’m creating a house that I plan to live in for the rest of my life. It has to do with my preferences and needs.
