Gene Simmons Puts His Mansion On The Market Once Again For $25 Million
KISS bassist and co-lead singer, Gene Simmons has recently decided to re-list his Beverly Hills mansion for $25 million which was previously on the market for $22 million but never sold.
As you may know, Gene Simmons is one of the co-founders of the iconic band KISS, along with Paul Stanley, Ace Frehley, and Peter Criss. Throughout their career, the band has had countless achievements and managed to become one of the best-selling bands of all time by selling more than 75 million records worldwide.
However, Simmons’ wealth does not only come from the record sales but also the licensing deals they had. Moreover, along with the band’s lead singer Paul Stanley, Gene co-owns KISS. He is also interested in investing different fields such as real estate and cryptocurrency.
According to the latest reports, Simmons decided to sell one of the properties he owns since 1986. Known as Gene’s primary residence, his Beverly Hills mansion is listed once again, yet this time the asking price went up to $25 million. He initially bought the 16,500 square-foot mansion for $1,327,500 and started to renovate the entire house after residing there with his family for a couple of years.
The renovation lasted for five years and is costed $12 million to the Simmons family. Earlier in 2020, the KISS icon put his 10-bedroom mansion on the market for $22 million, however, it wasn’t sold until now. Recently, Gene re-listed the property for $25 million since he and his wife Shannon decided to relocate to Washington. In a previous interview he joined, Simmons stated that their decision of moving to a 24-acre estate near Mount Rainier was actually about escaping the tax burden of living in California.
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