Sylvester Stallone sold his 23-acre ranch for $4 million, almost half its listing price; then joined Tom Cruise and Jack Nicholson to buy 160 acres in Colorado |
Sylvester Stallone made a striking real-estate move in 1992, selling his sprawling 23-acre White Eagle Ranch in California for $4 million in cash while simultaneously expanding his property interests in Colorado. The ranch in Hidden Valley had been transformed by Stallone from a relatively modest property into an elaborate equestrian estate with 29 horse stalls,…
