Starting anew! Lori Loughlin and her husband, Mossimo Giannulli, are kicking the new year off with a major change: the sale of their massive home.
Us Weekly confirmed the longtime couple’s change of course on Thursday, January 30. Loughlin, 55, and Giannulli, 56, purchased the Bel Air, California, residence for nearly $14 million in 2015. The home boasts 9,000-square feet along with 10 bedrooms and nine bathrooms. The listing’s asking price is $28 million.
Loughlin and Giannulli, who tied the knot in 1997, listed their house roughly two months shy of the one-year anniversary of the college admissions cheating scandal. On March 12, 2019, the Full House actress and her fashion designer spouse were arrested in connection with the nationwide scandal. They were specifically accused of paying $500,000 to make it appear as if their daughters — Bella, 21, and Olivia Jade, 20 — would be active members of the University of Southern California’s women’s rowing team upon acceptance.
In Apri 2019, Loughlin and Giannulli rejected a plea deal and ultimately pled not guilty to the crime. They were later slapped with additional charges for money laundering and federal program bribery.
It was announced on Thursday that the married pair will stand trial in October 2020.
On January 21, an insider told Us Weekly exclusively that the 90210 alum’s daughters will have to testify against her if she doesn’t change her plea to guilty. Her children would be used as “star witnesses” by the United States Attorney’s Office “in hopes of securing a conviction.” The source added that “accepting a plea bargain would be the only solution” to avoid involving her daughters further.
Loughlin and Giannulli were among 50 individuals who were arrested for their alleged involvement in the bribery scandal, including Felicity Huffman. However, unlike Loughlin and Giannulli, Huffman announced her intention to plead guilty on all charges.
“I am in full acceptance of my guilt, and with deep regret and shame over what I have done, I accept full responsibility for my actions and will accept the consequences that stem from those actions,” the Desperate Housewives alum said in an April 2019 statement. “I am ashamed of the pain I have caused my daughter, my family, my friends, my colleagues and the educational community.”
Huffman entered her guilty plea the following month, and she was officially sentenced to 14 days in prison this past September. She completed her stint behind bars at the Federal Correctional Institution Dublin in Dublin, California, in October 2019.
Scroll down below to see photos of Loughlin and Giannulli’s Bel Air house.
An overview of Loughlin and Giannulli’s home, which they listed for $28 million.
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The couple purchased the 10-bedroom home for nearly $14 million in 2015.
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The California-based villa’s living room was designed by Jason and Katie Maine of Maine Design. Loughlin and Giannulli have previously worked with Michael S. Smith, who notably was hired by the Obamas to redecorate the White House during his presidency.
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The massive residence was built in 1929 by Columbia Pictures founder Harry Cohn. It originally boasted unique features, such as a speakeasy in its basement.
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After Cohn, Hollywood talent agent Johnny Hyde owned the estate. When he lived in the home, Marilyn Monroe — a then-struggling star on the rise — resided there as well.
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According to Elle Decor feature from 2015, Loughlin and Giannulli have renovated seven properties together in the state of California.
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“It felt almost haunted,” Giannulli told Elle Decor in 2015, detailing what their home used to look like. “There were boarded-up windows and a beautiful coffered ceiling in the living room that had rotted out.”
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The spacious home not only boasts a full-fledged bar, but it also has a cozy lounge room with a massive library.
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Back in 2014, the couple listed their Aspen, Colorado, home. They worked with designer Derek Skalko of 1 Friday Design to reenvision the property.
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The pair’s Bel Air house is right next door to the Bel-Air Country Club.
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A home like this makes sense for a couple of this caliber, as Forbes reported in March 2019 that Loughlin and Giannulli’s combined net worth is $88 million.
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“The design feels like today to me,” Giannulli said of the redesign to Elle Decor in 2015. “It just feels right.”
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Loughlin opened up about how she’s made her marriage to Giannulli work over the years, telling Wonderwall in 2015 that it “takes work and communication.” She also noted that she thinks they are “really compatible.”
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