Lori Loughlin and Mossimo Giannulli Aren’t Letting Potential Jail Time Get in the Way of Their House-Flipping Side Gig

One of the best parts of dreaming about all the success you’ll have in this life is considering what you’ll do after you get it. Let’s say you achieve your goal, which could be truly anything big or small, but for this scenario involves obtaining and wielding lots and lots of money. You’ll set your mother up and your dad too. You’ll get your children into college by any means necessary. You’ll do the big vacations and perhaps buy a yacht because, I dunno, they seem fun. Then what? What do you do to fill the long days lying prostrate in the lap of luxury?

You could, I suppose, give back, become one of those society philanthropists who could make the lives of others over medallions of beef at galas. You could go to space. You could get into EDM and release a song. These are all really great ideas. You can’t go wrong with any of them. But consider for a moment Mossimo Giannulli and Lori Loughlin’s hobby: flipping mega-mansions around Los Angeles.

The couple, currently facing potential prison time for involvement in the college-admissions scandal, has listed their six-bedroom, nine-bathroom home (they have both pleaded not guilty to all charges). TMZ reported that they’re trying to sell for a bit under $28.7 million, which is millions above the purchase price of $13.995 million. (They’re being quiet about it, or as quiet as they can, at least, according to E! News, whose source said, “It’s currently not on the MLS and will only be shown to qualified buyers. They are willing to take a lower price than what they asked a few years ago because they are serious about selling.”)

The last time they listed the house—in 2017, a year before they were going to be empty nesters—they tried to sell it for $35 million, per Variety. At the time, the publication described the couple as “serial renovators” and spun up this long, luxurious sentence about their latest work:

An almost forbiddingly long flight of olive-tree-lined stone steps
climbs from the driveway to an impressively towering set of arched
wood doors that open to an exuberantly proportioned foyer that is sure
to impress the Chinese food delivery man as well as well-heeled guests
with its double-height exposed wood ceiling, second-level gallery,
overscaled basket weave pattern stone-tiled floor, and entire back
wall of floor-to-ceiling glass doors that individually pivot open to a
slender arched loggia that overlooks the lush rolling greens of the
Bel-Air Country Club.

So this is not just some gotta-pay-the-lawyers, liquidate-the-assets thing. It’s a hobby. “Mossimo has been buying, refurbishing, and renovating and selling houses for over 20 years,” a source told People. (It’s verifiably and famously true: In 2006, Laura Dern and Ben Harper bought one of their earlier renos in Santa Monica for $5.5 million. Those two sold in 2012, during their divorce, for $6.5 million.)