Bill Withers’ former residence in Hollywood Hills has sold for an impressive $3.7 million off-market—five years after he sold it himself shortly before his passing.
According to real estate insiders, the mansion’s new owner is Belwood Investments, a property-tech company, planning extensive renovations, including adding a suspended pool and flipping the property for profit.
Belwood Investments is a “real estate crowdfunding firm” that allows individuals to invest in home renovations; they previously purchased Kanye West‘s controversial gutted estate in Malibu for $21 million.
Regarding Bill’s previous home, the original recording studio remains on the ground floor. The tech CEO who purchased the property in 2019 frequently used it, aided by a musical producer roommate, and renowned artists like Wiz Khalifa and Charlie Puth recorded there.
Bill purchased the home back in 1998 for $714,000, according to online real estate records.
We hope Bill’s legacy endures through all the upcoming renovations. As previously reported, the beloved three-time Grammy Award winner famous for hits like “Lean On Me” and “Ain’t No Sunshine” passed away at the age of 81 due to heart complications in 2020.
The Agency Beverly Hills’ Jean-Baptiste Rugiero and Mehdi Maamri represented both the buyer and the seller in this off-market transaction that took place in June.
