Lori Loughlin and husband Mossimo Giannulli slashed the price of their Bel-Air estate by nearly $10million in order to sell it to Tinder co-founder Justin Mateen.
The TV star, 55, and fashion designer, 57 – who both pleaded guilty to crimes related to the Varsity Blues college admissions scandal in May – originally listed the sprawl for $28.5million in January, but when it sold months later insiders said the couple earned ‘considerably less’ than the asking price.
Now it’s been revealed that the 34-year-old tech exec was able to snag the property from Mossimo and Lori for just $18.75million, according to TMZ.
Arvin Haddad of The Agency, who also stars in CNBC’s Listing Impossible, held the listing. Josh Flagg of Bravo’s Million Dollar Listing Los Angeles and Rodeo Realty represented Mateen.
A source with People said that the Full House star and fashion designer – who are parents to daughters Isabella, 21, and Olivia Jade, 20 – are most likely staying at their beach home in Orange County now.
The couple previously used the Bel-Air home as collateral to cover their $2 million bail for stemming from the Varsity Blues college admissions scandal.
Loughlin and Giannulli acquired the home in 2015 for $13.9 million, which has six bedrooms, nine bathrooms, a massive pool, two living rooms, formal dining room, sprawling yard and an eat-in chef’s kitchen.
But now Mateen – who is said to be worth $300million – will be the king of the 12,000 square-foot castle.
On the outside, the home is surrounded by luscious green grass and is adjacent to the ultra-exclusive Bel-Air Country Club, which Loughlin and Giannulli resigned from last month.
As of 2011, the famed social club had an initiation fee of $150,000.
Guests arriving at the mansion will drive through the double-gated driveway where they have the option to park in one of five driveways.
Visitors can then walk up stone steps towards a large wooden door nestled between a series of hedges with several olive trees.
Once inside the Mediterranean-style home, the family’s pristine foyer stuns with white walls and wooden accents that line the staircase.
Also inside the foyer are at least five glass doors that let the California sunlight light up the room and allow residents to walk into the breathtaking backyard.
Further into the house are several sitting rooms that appear to have all been designed with different color schemes and interior decorations to give off different vibes.
One living room uses hues of blue and gray to contrast the white walls. It contains two gray couches, two blue chairs and a grand piano in the corner.
Three archways lead residents into a nearby bar room with an array of alcohol and reflective counter with a gold colored sink.
Much like the rest of the home, the bar room has several windows and glass doors to allow light to filter into the space.
Additionally, there is a small reading room and plenty bedrooms appear to follow the home’s white wall, large window furnishings. Several of the rooms have doors that open to the yard and a comfortable looking patio.
A rectangular pool surrounded by white marble can be found on the left side of the home.
The sale comes after Giannulli and Loughlin pleaded guilty to one count of conspiracy to commit fraud in a Zoom court hearing in May after accepting a ‘slap on the wrist’ deal for bribing their daughters’ way into college.
Loughlin was handed just two months in prison, while Giannulli got five months.
Following the guilty plea, the Bel-Air Country Club Board of Directors voted unanimously to suspend the couple, but with the expectation that the suspension would be lifted once they served their sentences.
The pair were facing 40 years behind bars each for paying Rick Singer, the scheme mastermind, $500,000 to pass their daughters off to officials at USC as rowing stars, despite either never having played the sport.