Jeremy Piven has sold his modern Mount Olympus mansion in Los Angeles for $6.85 million, closing a sale that had been more than a year in the making. The 60-year-old actor’s gated estate changed hands in November 2025 after repeated price cuts and relistings.

Piven bought the property in 2017 for $6.8 million, so the final deal leaves him about $50,000 ahead of his purchase price. That is a far cry from the $2.64 million profit he appeared to be chasing when he first put the home up in January 2025 for $9.49 million.

The buyer gets a 6,200-square-foot house on a.29-acre lot with four bedrooms and five bathrooms, built in 1980 and designed for indoor-outdoor living. The listing highlighted striking glass walls, a two-story foyer with a floating staircase, a skylight in the entryway, a two-story glass conservatory, expansive living and dining rooms, and an open kitchen with an oversized marble-topped island and minimalistic wooden cabinetry. Outside are an infinity-edge pool, a sunken fire pit area, and unobstructed views that stretch from downtown Los Angeles to the ocean.

The property had already been listed as a $35,000-a-month rental before it returned to the sales market, and it bounced on and off the market over the next year. By November 2025, the asking price had fallen to $7.49 million, still well above the level at which it ultimately sold.

That gap matters because Los Angeles’s mansion tax applies to homes sold for more than $5.3 million, and the 4 percent levy on this sale came to $274,000. Piven’s original ask suggested a much bigger payday, but the market settled the deal at a price only slightly above what he paid eight years earlier.

The home also carried a personal stamp. One room had been outfitted with a drum kit and framed photos of music and acting legends, and one built-in displayed three Emmy statues Piven won for his work on Entourage, where he played Ari Gould. The estate had also drawn an Architectural Digest mention after he bought it, a reminder that this was never just another luxury listing.

What remains unclear is why Piven decided to sell the house at all. He has several properties in his portfolio, but there is no indication yet that this deal was tied to a larger move.