Rob Lowe sells EPIC $45.5M Montecito estate (variety.com)

It took a few years, but Rob Lowe has finally managed to offload his majestic Montecito estate for a equally majestic price, as was first reported by the Wall Street Journal. The $45.5 million, off-market deal is one of the priciest to ever close in the celeb-studded seaside enclave, and it’s perhaps the largest since 2001, when Oprah Winfrey paid $50 million for her world-famous (and ever-expanding) compound, the so-called “Promised Land” estate.

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