Sugar Ray Leonard Knocks $4M Off the Price of His Pacific Palisades Mansion

Boxing legend Sugar Ray Leonard isn’t ready to throw in the towel.

He’s slashed the price of his enormous Pacific Palisades, CA, property by millions with the hope of finally securing a buyer.

The eight-bedroom mansion bounced back onto the market with a price of $39,995,000, 9% less than the $44 million Leonard sought this summer.

Leonard has been duking it out with this piece of real estate for years as the huge dwelling has been on and off the market at various price points.

Leonard and his wife have lived here for decades but are now ready to downsize. A couple of years back, the 16,800-square-foot abode was listed as high as $52 million, which makes today’s number seem like a potential bargain.

Is his latest price tag the lucky charm? Let’s go to the judges.

Leonard’s estate sits on one of the largest lots in the area. Along with the main building, there’s a guesthouse, pool, tennis court, putting green, and 2 acres of beautiful plantings and mature hedges. Italian in style, this spot is more than a home—it’s closer to a villa you’d encounter in Italy.

Architect Richard Landry put his stamp on the gated compound with grand rooms, imported materials, and elaborate finishes. Highlights include gorgeous beamed ceilings and rare biblical stone from Jerusalem. There’s a stately foyer with arches, a solarium, as well as a chef’s kitchen with double islands, a large pantry, and professional appliances.

The primary suite is a luxurious space complete with a fireplace, cozy sitting area, and private balcony with views of the canyons and ocean beyond. The main bath is its equal, with a dual layout and walk-in closets.

Lots of fun can be had in the playroom, game space, and home theater. Outside, along with the one-bedroom guesthouse, there’s a very large pool and spa, plus a built-in barbecue.

Leonard, whose given name is Ray Charles Leonard, is considered one of the greatest boxers ever. His career highlights include multiple world titles, a gold medal in the 1976 Olympics, and $100 million in earnings.

In his retirement, Leonard works as a motivational speaker and has dabbled in acting.

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