Selena Gomez has sold her home in Encino’s exclusive Rancho Estates community for $5.4 million. The singer and entrepreneur purchased the property in 2020 for nearly $5 million. The 1980s residence, originally designed for musician Tom Petty, is known for its entertainment-focused amenities and celebrity history.
Key takeaways
The sale marks a change in Gomez’s Los Angeles property portfolio while she and husband Benny Blanco retain their Beverly Hills residence.
- Gomez sold the Encino property for $5.4 million.
- She purchased the home in 2020 for almost $5 million.
- The residence was designed in the 1980s for singer Tom Petty.
- Standout features include a movie theater, beauty salon, wine cellar, and voice booth.
- Gomez and Benny Blanco own a Spanish-style Beverly Hills mansion purchased in 2024.
A celebrity-linked Encino property
Located in the gated Rancho Estates community, the home carries a notable connection to Los Angeles’ music scene. It was designed in the 1980s for Tom Petty before later being owned by music executive Randy Spendlove, from whom Gomez acquired it.
The property’s history and private setting helped distinguish it within the high-end Encino market. Its collection of specialized spaces also reflects the lifestyle associated with its previous owners and Gomez’s career in entertainment.
Entertainment-focused amenities
The home offers far more than standard luxury residential features. Its amenities include a dedicated movie theater, a beauty salon, a wine cellar, and a voice booth, creating spaces for both relaxation and creative work.
These additions make the residence particularly suited to a performer and recording artist. Together, they give the property a private, resort-like character while reinforcing its connection to the entertainment industry.
Gomez and Blanco’s Beverly Hills home
Although Gomez has sold the Encino residence, she and Benny Blanco continue to own a Spanish-style mansion in Beverly Hills. The couple purchased that property in 2024 for $35 million.
The Beverly Hills purchase represents a significantly larger investment than Gomez’s Encino home and remains the couple’s reported Los Angeles base. The sale of the Encino property therefore appears to streamline a portfolio that includes a prominent luxury residence in another high-profile community.
What the sale means
Gomez bought the Encino home for nearly $5 million and sold it for $5.4 million. Before considering transaction costs, taxes, improvements, or other expenses, the reported difference suggests a modest increase in value during her ownership.
The transaction also highlights continued demand for distinctive homes in Los Angeles communities associated with privacy, celebrity ownership, and customized amenities.