Robert Redford's Coastal Retreat Sells For $500K Over Asking Price In Less Than A Month

Robert Redford kicked off his holiday season with a lucrative real estate deal.

The legendary actor's coastal California cottage recently sold for $4.65 million – a half-million dollars over the asking price.

According to the Wall Street Journal, the buyer is Cricket Wardein, owner of the fitness chain Mighty Pilates, which operates several studios throughout California.

Redford, 88 and his wife, Sibylle Szaggars Redford, listed the Tiburón property in early December and found a buyer in three weeks.

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The couple said their decision to sell stemmed from spending more time in New Mexico, where Sibylle Szaggars Redford operates an art gallery.

In an email to the Wall Street Journal, they acknowledged their "long history with and great affection for the town" of Tiburón but admitted they weren't using the home enough to justify maintaining it.

The move follows Redford's retirement from Hollywood six years ago after a distinguished career as an actor and director. Since then, he has focused more on Santa Fe, New Mexico, where his wife's art career thrives. The couple also dedicates significant time to a charitable organization.

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"Sadly, we are not able to spend as much time in Tiburón as we would like as we are now spending more time in Santa Fe, where Sibylle has been creating new art there and focusing on her fine art gallery, Sibylle Szaggars Redford Fine Art," the couple wrote in their email.

"And the two of us are devoting a great deal of time to the nonprofit organization The Way of the Rain, also headquartered in Santa Fe, which produces educational and artistic performances to protect the environment and promote global conservation efforts."

Wardein told the Wall Street Journal that her new home is brimming with creative energy. She is in disbelief at the prospect of living in such a spacious place with breathtaking views.

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Wardein admires Redford but said she fell in love with the home without knowing its previous owners. When she discovered their identities, she and her 13-year-old daughter wrote a letter to Redford and his wife commending the home's "creative energy."

"That's an intangible you don't know if you'll find or not," Wardein said.

Built in 1968, the remodeled Tiburón cottage offers a unique blend of comfort and stunning views. Spanning 2,824 square feet, the four-bedroom, 2 ½-bath home features a split-level layout. The highlight is the spacious great room, with a soaring ceiling, fireplace and skylights.

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The chef's kitchen boasts top-of-the-line appliances, a breakfast nook and a walk-in pantry. The eastern decks and gardens extend the living space outdoors.

The Redfords also sold several other properties. In 2019, a wine country getaway in St. Helena, California, sold for $7 million.

Redford also sold two Utah properties – his Sundance Mountain Resort in 2020 and the Horse Whisperer Ranch in 2021.

Szaggars Redford listed a cabin over the summer, for which she paid $3.9 million in the 1980s.

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