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Tom Petty’s onetime California home hits the market at just under $5 million

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Late rock star Tom Petty’s onetime home in Encino has landed on the market for $4.995 million.
The gated, 11,483-square-foot house is set beyond a tree-lined driveway. The residence has six bedrooms and 10 bathrooms, with interiors highlighted by a two-story fireplace, soaring ceilings, driftwood beams and skylights.
In the media room is a round, sunken seating pit. The home has a massage room.
Grounds include a waterfall from a natural stream flowing into a swimming pool.
The original house was almost completely destroyed in an arson fire in 1987, when someone lit a wooden staircase ablaze, according to published reports. But the musician’s basement recording studio was spared.
“Because the property was in an exceptional location that was private and wooded, the family decided to rebuild, in a style (described as) “Big Bear cabin meets Trousdale Estates,” said a story on in 2017.
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Petty’s ex-wife Jane, who got the home in the couple’s divorce, put the residence on the market in 2013 for $3.575 million. It later was foreclosed, property records show. JPMorgan Chase Bank sold it in 2017 for $2.575 million.
Craig Knizek and Ninkey Dalton of The Agency represent the home.
A 5,300-square-foot lake house retreat on Lake Sherwood near Thousand Oaks that Petty owned when he died also is on the market; the latest price on that three-bedroom home also is $4.995 million.
Petty was the lead singer of Tom Petty and the Heartbreakers, formed in 1976. He later co-founded the Traveling Wilburys. He died in October 2017 at 66.

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