Lori Loughlin, Mossimo Giannulli ‘Downsize’ With $9.5M Home


Lori Loughlin and Mossimo Giannulli might be heading for the big house, but the couple went ahead and purchased some new digs for themselves.

The Fuller House actress and her designer husband forked over a cool $9.5 million for the new home after offloading their sprawling Bel-Air estate earlier this year.

Lori Loughlin and Mossimo Giannulli Purchase New $9.5M Home

It looks like these two are “running for the hills” ahead of their sentencing in the college admission scandal. Their new digs are located in Hidden Hills, California — an exclusive gated community, of course.

The modern farmhouse-style residence was listed as “a fresh take on luxury country living,” and from the looks of it, the new crib has plenty to offer. With 11,748 square feet, the home offers six bedrooms and nine bathrooms.

But on top of that, we’re talking maple floors, high ceilings, fireplaces throughout, a chef’s kitchen with high-end appliances and marble countertops. And of course, it wouldn’t be “luxury” living without a temperature-controlled walk-in wine cellar, a gym, and a movie theater.

Outside, there’s a sprawling backyard complete with a pool and spa, fire pit, and barbecue area overlooking the hills.

The Couple Offloaded Their Last Mansion for Considerably Less Than Asking Price

Clearly, a $9.5 million mansion isn’t a “downsize” to most, but the purchase comes after Lori and Mossimo offloaded their last property in Bel-Air — and the new digs had a significantly lower price tag.

The couple had previously listed their Bel-Air estate for $35 million in 2017, but had quietly re-listed the home for $28.65 in January amid the college admissions scandal.

They didn’t get their lowered asking price, either. Tinder co-founder Justin Mateen snagged the property for $9.9 million less, paying $18.75 million in the end.

Lori and Mossimo originally purchased the Bel-Air home in 2015 for just under $14 million, after which they remodeled it. They went on to use the property as collateral for their $2 million bail for fraud charges.

Supposedly, the sale of the house had nothing to do with needing money.

“They don’t need the money,” a source told PEOPLE. “They are stressed about a lot of things, but money isn’t one of them.”

“Mossimo has been buying, refurbishing and renovating and selling houses for over 20 years,” another source noted.

Lori and Mossimo have definitely made a habit of purchasing, remodeling, and then selling the family home every 3 to 5 years. Apparently, Mossimo has a knack for interior design.

I’ll be curious to see what they do with their new mansion.