Renowned HGTV personalities Tarek and Heather El Moussa have adjusted the monthly rental price of their upscale Newport Beach, California, property down to $19,995. The coastal dwelling has experienced a fluctuating leasing history since the celebrity couple decided to turn their former personal residence into an investment income property.
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Property Background and Upgrades
The famous duo originally acquired the coastal property for $3.1 million back in August 2020 and thoroughly transformed it into their personal dream beach haven. After their family grew, they chose to upgrade to a larger $5.2 million home within the same neighborhood.
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Rental Market Fluctuations
The luxurious 2,900-square-foot residence hit the leasing market initially at $25,000 per month before briefly climbing to an ambitious $30,000. After pulling back and returning with a reduced ask of $22,500, the celebrity pair shaved off an additional $2,500 to attract interest.
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Interior Features and Layout
The fully furnished home features four bedrooms and four bathrooms alongside a modernized rooftop deck boasting gorgeous ocean views. The interior showcases a custom aesthetic palette seamlessly blending champagne, white, gray, and black design elements throughout every single room.
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Reason for Relocation
Despite the stunning interior layout and high-end updates, the dwelling ultimately lacked a private yard and pool. These specific outdoor elements became essential needs for their young children, prompting the household move.
For additional details on how luxury real estate transactions work, look through our comprehensive informational guides. The current rental listing maintains a minimum requirement of a 30-day lease agreement.
Here is the source article for this story: EXCLUSIVE: Tarek and Heather El Moussa Knock Thousands Off Price of Newport Beach Rental
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