Paltrow Drops $5 Million for New S.B. Mansion

Two-Acre Bundle of Land Includes Pool, Neighboring 3-Bedroom Property

Gwyneth Paltrow just purchased a 5,200-square-foot estate in Santa Barbara, which she plans to renovate.

Santa Barbara residents can soon add another celebrity to their list of famous neighbors. Gwyneth Paltrow just bought an almost $5-million luxury estate in town, but it will need some renovation work before it’s ready.

The house currently has four bedrooms and four bathrooms, with a large pool in the back overlooking more than two acres of land. The 5,200-square-foot home includes a property next door with another three rooms for potential guests.

Paltrow just started her own lifestyle publication, goop, which focuses on beauty products and clothes. She and her ex-husband Chris Martin have recently put up a few of their properties for sale as well. Paltrow purchased her Santa Barbara home through Sotheby’s International Realty, with Suzanne Perkins as the listing agent.

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