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Bruce Willis has sold $86 million of property as his health was declining

Bruce Willis has been preparing for his decline in health for some time, according to friends, as he has been selling off all of his prize property in multiple countries.

Bruce Willis has been preparing for his decline in health for some time, according to friends, as he has been selling off all of his prize property in multiple countries.

Willis has spent a number of years selling an astonishing nearly $65 million (AU$86 million) worth of luxury properties to focus on life with his family in California, Page Six reports.

This week the 67-year-old actor’s family announced Willis will retire from acting after being diagnosed with aphasia — a brain disorder that affects his ability to communicate.

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Willis’ family, photographed here with wife Emma Heming and his daughters Rumer, Tallulah, and Scout in 2018, revealed the actor’s aphasia diagnosis this week. Picture: Getty Images For Comedy Central
Willis’ family, photographed here with wife Emma Heming and his daughters Rumer, Tallulah, and Scout in 2018, revealed the actor’s aphasia diagnosis this week. Picture: Getty Images For Comedy Central

“Bruce has been preparing for this moment for a long time,” a source who knows the star said.

“He knew there would be a time, as his health declined, when his earning power wouldn’t be as great as it once was.

“Plus he knew that he wouldn’t eventually need multiple estates and apartments to travel between, and that he would instead need to live in a safe environment surrounded by his family.“

Looking at how he has sold off most of his properties in recent years, it is clear that he has been preparing to downsize and simplify his life for some time.

Willis sold his Westchester estate saying he wanted to spend more time with his family and kids in Los Angeles Pictures: Realtor/Douglas Elliman
Willis sold his Westchester estate saying he wanted to spend more time with his family and kids in Los Angeles Pictures: Realtor/Douglas Elliman

In December 2019, Willis and wife Emma Heming sold their Westchester estate in New York for $7.66 million (AU$10.1m) after slashing the asking price by $5.3 million (AU$7m).

The couple took a $4.34 million (AU$5.8m) loss on the home having bought it for $12 million in 2014.

The 825 sqm home has five bedrooms and five-and-a-half bathrooms, sitting on sprawling 5.5 hectares.

Inside the New York estate. Pictures: Getty/Realtor/Douglas Elliman
Inside the New York estate. Pictures: Getty/Realtor/Douglas Elliman
Willis and Heming sold off their Westchester, N.Y., home for $7.66 million. Pictures: Getty/Realtor/Douglas Elliman
Willis and Heming sold off their Westchester, N.Y., home for $7.66 million. Pictures: Getty/Realtor/Douglas Elliman

“The only reason we are giving it up is because we are so far from our California family, which is why we have decided to return to the West Coast and make our home there.” Willis said at the time.

He then handed over $9.8 million (AU$13m) for a new mansion in Brentwood, California.

In 2018 Willis’ majestic six-bedroom 558 sqm Central Park West duplex went for $17.75 million (AU$23.7m), with the actor saying he was downsizing to a smaller NYC apartment.

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He picked up a smaller condo near Lincoln Centre for around $7.9 million (AU$10.5m).

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In October 2018, Willis unloaded his Sun Valley, Idaho, mountain house for a bargain price of $5.5 million (AU$7.3m).

Bruce Willis’ former Turks and Caicos compound was listed recently for $51.6 million. Picture: SothebysRealty
Bruce Willis’ former Turks and Caicos compound was listed recently for $51.6 million. Picture: SothebysRealty

He had originally been asking $15 million (AU$20m), nearly three times the sale price, which still set a record for the area.

And in 2019, Willis and Heming parted ways with their gorgeous, sprawling Turks and Caicos compound for an impressive $27 million (AU$36 million).

Inside the island compound. Picture: SothebysRealty
Inside the island compound. Picture: SothebysRealty

The 1255 sqm beachfront property boasts a five-bedroom main house, a yoga pavilion, a huge pool and two guest houses, each with three bedrooms. It had been listed for $33 million (AU$51 million).

In 2021, Willis also sold a plot of land for $6 million on the celebrity-loved island of Parrot Cay in Turks and Caicos.

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This story first appeared in Page Six and was republished with permission.

Original URL: https://www.news.com.au/finance/real-estate/bruce-willis-has-sold-86-million-of-property-as-his-health-was-declining/news-story/da3dfd2a12e7ad2f999e508a670dc452