After managing to successfully sell his custom-built Montecito home last month for a price of $44.5 million, Rob Lowe is back to investing in real estate. This time, it's a $5.2 million fixer-upper in Montecito, Calif., which is comparably much smaller than his previous home since his kids no longer live with him.
The new home spans 4,275 square feet and comes with three bedrooms and four bathrooms.
Scroll through the gallery below to see the actor's new humble abode!
The house is located above the shops on Coast Village Road and overlooks the Pacific Ocean. Built in the early 1900s, the house can easily undergo renovations.
The formal sitting rooms come with all-white tongue and groove ceilings, a traditional brick fireplace and several large windows that look into the backyard.
The living room also provides a great view of the swimming pool, which is located just outside the house.
The kitchen is filled with white cabinets, a breakfast nook and a center island.
There's another living area in the house with a nice fireplace and large windows that provide even more views of the ocean. The comfortable sofas are a great place to relax and wind down after a long day.
The tiled room is a great place to study as it has an array of bookshelves, a desk and a wooden table.
The large master suite has lots of room to store clothes and items.
For guests that visit, there's a second bedroom with a fireplace, which gives off super cozy vibes.
The pool is the perfect place to relax — it's surrounded by foliage and provides a great view of the Pacific Ocean.
There's ample sitting space around the pool for guests to sip on some cocktails while they watch the sunset. Cheers!