Allan Loeb, the man who penned several blockbuster movies like "Wall Street: Money Never Sleeps" and "The Switch," will be listing his Hollywood Hills bachelor pad on the open market for $1.99 million.
The Wall Street Journal broke news of the upcoming listing.
Loeb has reportedly roped in Jacqueline Gunn and F. Ron Smith of Partners Trust to represent his house and hired stager Meredith Baer to tone down the "bachelor-vibe" of the place.
Loeb purchased the home in 2008 for $2.03 million before spending about $500,000 on renovations and adding an outdoor screening area, bar, fire pit, shower and hot tub. The residence is a 2,300-square-foot, single-family residence comprised of three bedrooms and two full and one half bathrooms.
Photos of the place posted by the Journal reveal hardwood flooring, large slider doors, floor-to-ceiling windows and contemporary architecture.
Loeb is reportedly selling because he wants a mellower lifestyle now. He has another property in Venice, Calif.
"I'm getting a little older and feeling like I have to calm down my lifestyle," he told the Journal. "I'm not going to say there was a lot of debauchery there but I will say we all had fun."
Loeb shot to fame with his screenplay for the 2007 hit film "Things We Lost in Fire." He went on to write and produce some of the most acclaimed movies of Hollywood. But the man had his fair shares of struggle before he struck gold.
"[I was] the baby writer at the lowest rung within the system, who has just enough rope to hang himself. That's what I lived and breathed for seven, eight years. The money's not much, the respect is bad, and it's tough to play in the minor leagues. I really was trying to find a way out," Loeb said of his struggles in an interview with the Vulture Blog.
"At the time, it was quite surreal, because I'd been doing it for so long and had faced so much rejection. These were the same people who had been very hard to crack for me, so to get validation from these people seemingly overnight was a surreal situation. It was indescribable, I still look back in wonder," he added.
