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PHOTO: Gene Simmons – KISS

Gene Simmons is kissing his longtime Los Angeles home goodbye for $16 million.

The KISS bassist and co-lead singer’s 13,405-square-foot Beverly Hills residence sold last week for $9 million less than it was listed for in March, when it was priced at $25 million, according to the Multiple Listing Service. It was most recently asking just under $20 million, according to Matthew and Joshua Altman of the Altman Brothers team at Douglas Elliman.

Christopher Amitrano, Kevin Winter/Getty Images

Kiss Frontman Gene Simmons Selling His Rock Star Estate for $22M in Beverly Hills

Mr. Simmons, 72, made several upgrades to the home between the end of 2020 and its relisting in March, “with well over six figures put into the house,” Joshua Altman told Mansion Global at the time.

Nevertheless, the price was cut by 12% within the first month of it being back on the market, and then again in May to its final asking price of $19.995 million, according to listing records.

Even then, the home sold for a nearly 20% discount compared to its most recent listing price.

The Altmans were unavailable for comment for this article.

Mr. Simmons and his wife, model and actor Shannon Tweed, 64—his girlfriend at the time—acquired the residence in 1984 for $1.35 million, according to property records. The couple redeveloped the property to build the seven-bedroom, nine-bathroom European-style home, The Wall Street Journal reported when the property was originally listed. The rocker said he put at least $12 into the estate.

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