According to the Los Angeles Times, Ozzy Osbourne and his wife/manager Sharon have listed their Los Angeles home up for sale for a whopping $18 million. They now join many stars in the music scene selling huge pieces of their lives which leads many to believe that the industry may be in more trouble than expected – even though there’s really no proof to this.
The house was built in 1929, the six-bedroom-and-11-bathroom Mediterranean villa-style manor, which is located in Hancock Park, includes over 11,000 square feet of living space.
Ozzy and Sharon bought the home in 2015 for $11.85 million from Oren Koules, a film producer best known for the “Saw” franchise. Koules purchased the house in 2010 for $4.2 million and reportedly completely renovated the home’s interiors. By selling the home, sans any repairs, they are making an extra $6 million.
Rumor has it that Ozzy and Sharon were leaving Los Angeles and returning to their native United Kingdom due to rising taxes in California. The legendary heavy metal singer and his wife will reportedly spend most of their time at their home Welders House, in Buckinghamshire.
Ozzy stated: “We are leaving L.A. We are a bit sad. But the tax is getting too much. I am sad because I really, really like staying and living there.”
It’s clear that Ozzy is let down by how the economy is as he went further.
Ozzy said: “If they do the taxes better, then I may come back. I do not know. I am taking my recording studio with me. I am going to build a barn there and make my own studio at Welders. I will still be making music and my band will come over.”
Ozzy and Sharon reportedly purchased Welders House from two-time Academy Award-winning special effects legend John Stears in 1993. In her 2013 autobiography, “Extreme: My Autobiography”, Sharon said she purchased the home due to its “extreme” distance from any public houses nearby.