Real Housewives of Orange County star Heather Dubrow had big plans for her Beverly Hills home. But some things are not meant to be. Heather and her hubby, Terry Dubrow, had purchased a mansion in Beverly Hills two years ago that needed a bit of love. Of course, Heather wanted to put her own spin on things as well. However, this flip just didn’t quite work out. And the two ended up losing a massive sum of money on the sale of their home.
Heather and Terry Dubrow suffer $5.8 million loss on their home
Back in 2023, Heather had big plans for the 9,000-square-foot home that was once owned by Hollywood producer Dino De Laurentiis. She had shared, “The plan is that it’s gonna take us about three years … I’m already loving what I’m working on and my vision for it.” Well, you know what they say about best-laid plans.
After only two years and several very expensive renovations later, Heather put the home back on the market for $25 million. A hefty profit from the $16.1 million they originally paid. But as any home buyer knows, it’s a tough market out there.
Even with the help of Million Dollar Listing Los Angeles agents Josh Flagg and Josh Altman, they still couldn’t get their asking price. Terry told iHeartRadio’s “Between Us” podcast all the details.
He said, “We lost $5.8 [million]. I’ll tell you why. We bought the supplies for the guest house. We did a lot of stuff to the property … If you’re in Los Angeles and you sell a house that’s over $10 million dollars, you have to pay 5.5 percent of the gross to Los Angeles.” First-world problems.
The Dubrows ended up getting $16.5 million for their home. However, according to Terry, that is not breaking even for them. He stated, “It was a gigantic fail. So if you don’t like us, congratulations. We bombed. We got killed on that house.”
Real Housewives of Orange County airs Thursdays at 9/8c on Bravo and streams on Hayu in the UK and Ireland.
TELL US – ARE YOU SURPRISED THE DUBROWS LOST THAT MUCH MONEY ON THE SALE OF THEIR HOME?
