Why Rod Stewart is selling LA home for $70M — train set not included

By VMZ Staff on March 14, 2024

Rod Stewart is getting his affairs in order, including putting his ornate $70million LA mansion up for sale.

While the European-style 33,000 square feet home, which comes with a pool and its own soccer field, might have been one of his main houses since 1991, in truth it hasn’t been home for some years.

You can watch Rod Stewart House's Photogallery on NBC News Here

The London-born singer returned to the UK with third wife Penny Lancaster and their two sons in where he lives in a $5million home in Essex, just outside London.

The biggest sign that he was leaving LA for good was when he spent £70,000 shipping his enormous 124ft long model railroad — he objects to the term train set — which depicts an American city in the 1940s inspired by Manhattan, to his new Essex home.

“I am moving my model railroad from America over to here,” he told the Mail on Sunday.

Rod Stewart has finally completed his huge homemade model railway layout after decades of obsessively indulging his hobby.
It was reported early this year, by The Express that Stewart adores his model railway so much that he spent £70,000 on getting his 124ft-long creation shipped from the US to his house in Essex, where he was to reassemble it.

Rod has spent eight months getting his 124ft long model railway shipped from his Malibu residence to his Essex home. It's cost the rocker £70,000.

 

At the time of the report, it had been eight months, and still, the reconstruction had not been completed. His model railway is called the ‘Grant Street and Three Rivers City’, one of his life’s most precious items. Incredibly, it took the musician 23 years and an added £30,000 to complete.

The former Faces man hired two shipping container ships and freight planes to get the entire set over to the UK. Wanting to get it delivered and assembled by Christmas that year, he told BBC radio’s Loose Ends: “It all got flown over here. It’s taken eight months, two containers on a ship that went through the Panama Canal, and now we’re rebuilding it here in Britain.” He continued: “It really is a masterpiece, even though I say it myself.

The model, 100ft long and 23ft wife, is his pride and joy, built over a quarter of a century while touring.

The singer, who bought his LA mansion for $12.8million is also likely to make a very healthy profit on it; ensuring financial security not only for his last years, but also for his 8 children. he is keeping his Palm Beach home, where the family often spends Christmases.

 

“He also wants to make sure everyone is well looked after when he’s no longer around. And he is also really thinking about how he ensures his legacy.”

 

Along with the sale of the house, Rod has been in talks to sell his music catalog to Irving Azoff’s for Nearly $100 Million

Rod Stewart has sold his song catalog to Irving Azoff’s Iconic Artists for nearly $100 million in a deal that comprises interests in his publishing catalog and recorded music, as well as some name and likeness rights, according to the Wall Street Journal.

Stewart commented on the sale in a statement, saying “This year marks my 60th year in the music industry. The time is right, and I feel fortunate to have found partners in Irving and his team at Iconic that I can entrust with my life’s work and future musical legacy.”

“We are thrilled to welcome one of the most celebrated singer-songwriters of our time, Rod Stewart, to the Iconic family,” said Irving Azoff, Chairman and CEO of Iconic. “Our new partnership with HPS provides us with the resources and flexibility to make blockbuster signings like this one and to continue the success of our legendary artists and their legacies.”

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