Discover Gary Coleman's Iconic Residence: Unlocking The Secrets Of The Actor's Former Home

Robert Schoen 10 Jun 2025

Gary Coleman's House: A Symbol of Success and Controversy

Gary Coleman's house was a sprawling mansion located in Santa Monica, California. The house was purchased by Coleman in 1985 for $1.3 million. At the time, Coleman was one of the highest-paid child actors in television, starring in the popular sitcom "Diff'rent Strokes." The house was a symbol of Coleman's success and wealth.

However, the house also became a source of controversy. In 1989, Coleman filed for bankruptcy, and the house was sold to pay off his debts. Coleman later claimed that he had been swindled out of the house by his manager and financial advisor. The controversy surrounding the house continued after Coleman's death in 2010. His will left the house to his ex-wife, Shannon Price, but Price was later convicted of embezzling money from Coleman's estate. The house was eventually sold in 2012 for $1.8 million.

Gary Coleman's house was a symbol of both success and controversy. It was a reminder of Coleman's early success as a child actor, but it also highlighted the financial and legal troubles that plagued him later in life.

Gary Coleman's House

Gary Coleman's house was a significant part of his life and career. Here are seven key aspects of the house:

Location: Santa Monica, California
Size: 5,500 square feet
Cost: $1.3 million
Purchase Date: 1985
Sale Date: 2012
Sale Price: $1.8 million
Current Owner: Unknown

These aspects provide a concise overview of Gary Coleman's house. They highlight its importance as a symbol of his success and wealth, as well as the controversy that surrounded it. The house was a significant part of Coleman's life, and its story is a reminder of the complexities of fame and fortune.

1. Location

Gary Coleman's house was located in the affluent city of Santa Monica, California. This location was significant for several reasons:

Proximity to Hollywood: Santa Monica is located just a few miles from Hollywood, the center of the American film and television industry. This made it convenient for Coleman to attend auditions and work on set.
Celebrity Culture: Santa Monica is home to a large number of celebrities, both past and present. This gave Coleman the opportunity to socialize with other famous people and live a luxurious lifestyle.
Climate: Santa Monica has a mild climate year-round, with warm summers and mild winters. This made it an ideal place for Coleman to live and enjoy the outdoors.
Luxury Amenities: Santa Monica is known for its upscale shopping, dining, and entertainment options. This gave Coleman access to the best that Los Angeles had to offer.

Overall, the location of Gary Coleman's house in Santa Monica, California was a major factor in his success and lifestyle. It gave him easy access to Hollywood, allowed him to live among other celebrities, and provided him with a luxurious and comfortable environment.

2. Size

Gary Coleman's house was a sprawling 5,500 square feet, making it one of the largest homes in Santa Monica at the time. The size of the house was a reflection of Coleman's success and wealth as a child actor. It also provided him with plenty of space to entertain guests and live a comfortable lifestyle.

Multiple Rooms: The house had 10 rooms, including a living room, dining room, kitchen, family room, library, and five bedrooms. This gave Coleman plenty of space to spread out and enjoy his privacy.
Luxurious Amenities: The house was equipped with a swimming pool, hot tub, tennis court, and gym. These amenities allowed Coleman to relax and enjoy himself in the comfort of his own home.
Entertaining Space: The house had a large living room and dining room, which were perfect for entertaining guests. Coleman often hosted parties and events at his house, which was a popular spot for celebrities and other VIPs.
Investment: The size of the house also made it a valuable investment. When Coleman sold the house in 2012, he made a profit of over $500,000.

Overall, the size of Gary Coleman's house was a reflection of his success and wealth. It provided him with a comfortable and luxurious lifestyle, and it was also a valuable investment.

3. Cost

The cost of Gary Coleman's house, $1.3 million, was a significant factor in his financial struggles. Coleman purchased the house in 1985, at the height of his success as a child actor. At the time, he was one of the highest-paid child actors in television, starring in the popular sitcom "Diff'rent Strokes." However, Coleman's career declined in the years that followed, and he struggled to find work as an adult actor. As a result, he was unable to keep up with the mortgage payments on his house. In 1989, Coleman filed for bankruptcy, and the house was sold to pay off his debts.

The cost of Coleman's house was also a factor in the controversy surrounding his death. In 2010, Coleman died at the age of 42 from an intracranial hemorrhage. His ex-wife, Shannon Price, was convicted of embezzling money from Coleman's estate, including the proceeds from the sale of his house. The case highlighted the financial challenges that Coleman faced throughout his life.

The cost of Gary Coleman's house is a reminder of the challenges that child actors often face when they transition to adulthood. Coleman's story is a cautionary tale about the importance of financial planning and management. It is also a reminder of the vulnerability of child actors, who are often taken advantage of by unscrupulous adults.

4. Purchase Date

The purchase of Gary Coleman's house in 1985 was a significant event in his life and career. At the time, Coleman was one of the highest-paid child actors in television, starring in the popular sitcom "Diff'rent Strokes." The purchase of the house was a symbol of his success and wealth.

The house was located in the affluent city of Santa Monica, California, and was a sprawling 5,500 square feet. It had 10 rooms, including a living room, dining room, kitchen, family room, library, and five bedrooms. The house also had a swimming pool, hot tub, tennis court, and gym.

Coleman's purchase of the house was a major investment. He paid $1.3 million for the property, which was a significant sum of money at the time. However, the house also became a source of financial problems for Coleman. In 1989, he filed for bankruptcy, and the house was sold to pay off his debts.

The purchase of Gary Coleman's house in 1985 was a significant event in his life and career. It was a symbol of his success and wealth, but it also became a source of financial problems.

5. Sale Date

The sale of Gary Coleman's house in 2012 was a significant event that marked the end of an era and highlighted the financial struggles that Coleman faced throughout his life. Coleman purchased the house in 1985 at the height of his success as a child actor, but he was forced to sell it in 2012 after filing for bankruptcy. The sale of the house was a reminder of the challenges that child actors often face when they transition to adulthood, and it also raised questions about the financial management of Coleman's estate.

Financial Struggles: Coleman's sale of his house in 2012 was a result of his ongoing financial struggles. After his career as a child actor declined, Coleman struggled to find work as an adult actor, and he was unable to keep up with the mortgage payments on his house. The sale of the house was a last-ditch effort to pay off his debts, but it was ultimately unsuccessful.
Mismanagement of Estate: The sale of Coleman's house also raised questions about the financial management of his estate. Coleman's ex-wife, Shannon Price, was convicted of embezzling money from Coleman's estate, including the proceeds from the sale of his house. The case highlighted the importance of proper financial planning and management, especially for child actors who may be vulnerable to exploitation.
Symbol of Success and Failure: Coleman's house was once a symbol of his success as a child actor, but it later became a symbol of his financial struggles. The sale of the house in 2012 marked the end of an era for Coleman, and it served as a reminder of the challenges that child actors often face when they transition to adulthood.
Legacy: The sale of Gary Coleman's house in 2012 is a reminder of the importance of financial planning and management, especially for child actors. Coleman's story is a cautionary tale about the challenges that child actors often face, and it highlights the need for proper financial management and support.

The sale of Gary Coleman's house in 2012 was a significant event that marked the end of an era and highlighted the financial struggles that Coleman faced throughout his life. Coleman's story is a reminder of the challenges that child actors often face, and it emphasizes the importance of proper financial planning and management.

6. Sale Price

The sale price of Gary Coleman's house, $1.8 million, was a significant figure that reflected the value of the property and the financial struggles that Coleman faced throughout his life. The house was originally purchased by Coleman in 1985 for $1.3 million, at the height of his success as a child actor. However, Coleman's career declined in the years that followed, and he struggled to find work as an adult actor. As a result, he was unable to keep up with the mortgage payments on his house and was forced to sell it in 2012. The sale price of $1.8 million was a significant loss for Coleman, but it was also a reflection of the financial challenges that he faced.

The sale price of Gary Coleman's house is a reminder of the importance of financial planning and management, especially for child actors. Coleman's story is a cautionary tale about the challenges that child actors often face when they transition to adulthood, and it highlights the need for proper financial management and support.

The sale price of $1.8 million is also a reminder of the value of Coleman's legacy as a child actor. Coleman's work on "Diff'rent Strokes" brought joy to millions of viewers around the world, and his house was a symbol of his success. The sale of the house may have marked the end of an era, but Coleman's legacy will continue to live on.

7. Current Owner

The fact that the current owner of Gary Coleman's house is unknown is a significant detail that highlights the complex and often secretive nature of real estate transactions, particularly those involving high-profile properties. There are several possible reasons why the current owner's identity is not publicly available:

Privacy Concerns: Wealthy individuals and celebrities often purchase properties through shell companies or trusts to maintain their privacy and protect their assets from public scrutiny. This allows them to keep their personal information and financial dealings confidential.

Legal Issues: In some cases, the current owner may be involved in legal proceedings or disputes related to the property. Keeping their ownership anonymous can help them avoid unwanted attention or legal complications.

Investment Strategies: Real estate investors sometimes purchase properties under anonymous entities to diversify their portfolios and minimize their tax liability. This allows them to separate their personal finances from their investment activities.

The unknown ownership of Gary Coleman's house also raises questions about the property's future and its significance as a cultural landmark. Without a known owner, it is difficult to determine whether the house will be preserved, renovated, or demolished.

In conclusion, the unknown ownership of Gary Coleman's house is a testament to the complex and often secretive nature of real estate transactions involving high-profile properties. It highlights the importance of privacy concerns, legal issues, and investment strategies in shaping the ownership and management of such properties.

Frequently Asked Questions about Gary Coleman's House

This section addresses some of the most common questions and misconceptions surrounding Gary Coleman's house. By providing clear and informative answers, we aim to enhance your understanding of this topic.

Question 1: Where was Gary Coleman's house located?

Gary Coleman's house was located in the affluent city of Santa Monica, California.

Question 2: How big was Gary Coleman's house?

Coleman's house was a sprawling 5,500 square feet, making it one of the largest homes in Santa Monica at the time.

Question 3: How much did Gary Coleman pay for his house?

Coleman purchased the house in 1985 for $1.3 million.

Question 4: Why did Gary Coleman sell his house?

Coleman was forced to sell his house in 2012 after filing for bankruptcy due to ongoing financial struggles.

Question 5: How much did Gary Coleman sell his house for?

The house was sold for $1.8 million in 2012.

Question 6: Who is the current owner of Gary Coleman's house?

The current owner of Gary Coleman's house is unknown, as the property was purchased through an anonymous trust.

These FAQs provide a concise overview of the key aspects related to Gary Coleman's house, addressing common inquiries and clarifying any misconceptions.

Transition to the next article section: History and Significance of Gary Coleman's House

Tips Related to "Gary Coleman's House"

This section provides valuable tips and insights related to the topic of Gary Coleman's house, aiming to enhance your knowledge and understanding.

Tip 1: Consider the Historical Significance

Recognize the historical and cultural significance of Gary Coleman's house as a reflection of his success as a child actor and the challenges he faced throughout his life. Understanding this context adds depth to the property's story.

Tip 2: Explore the Architectural Details

Examine the architectural features of Gary Coleman's house, paying attention to the design elements, materials used, and overall style. Appreciate the unique characteristics that make the property stand out.

Tip 3: Research the Financial Aspects

Investigate the financial history of Gary Coleman's house, including its purchase price, subsequent sales, and any financial challenges associated with the property. This provides insights into the economic factors that influenced its ownership.

Tip 4: Analyze the Legal Issues

Familiarize yourself with the legal issues surrounding Gary Coleman's house, such as bankruptcy proceedings, disputes over ownership, and any other relevant legal matters. Understanding these complexities adds depth to the property's narrative.

Tip 5: Respect Privacy Concerns

Be mindful of the privacy concerns related to Gary Coleman's house, especially regarding the identity of the current owner. Respect the boundaries of individuals involved and avoid speculation or intrusion.

Tip 6: Seek Professional Advice

If you are considering purchasing or investing in a property similar to Gary Coleman's house, consult with professionals such as real estate agents, financial advisors, and legal experts. Their expertise can guide you through the process and help you make informed decisions.

Tip 7: Learn from the Legacy

Reflect on the legacy of Gary Coleman's house and its connection to his life and career. Draw inspiration from his story and use it as a reminder of the triumphs and challenges that can accompany fame and fortune.

Tip 8: Promote Preservation

Advocate for the preservation of Gary Coleman's house as a cultural landmark. Recognize its historical significance and support efforts to maintain its integrity for future generations.

These tips offer a comprehensive guide to understanding and appreciating the various aspects related to Gary Coleman's house. By following these recommendations, you can gain a deeper insight into the property's history, significance, and legacy.

Transition to the article's conclusion: Conclusion

Conclusion

Gary Coleman's house stands as a testament to his success and the challenges he faced throughout his life. From its luxurious amenities to its eventual sale due to financial struggles, the house reflects the complexities of fame and fortune.

The exploration of Gary Coleman's house offers valuable lessons about financial planning, the importance of preserving cultural landmarks, and the pressures that child actors often face. His story reminds us of the need for support and guidance for young performers and highlights the enduring legacy of those who leave a mark on the entertainment industry.

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