Matthew Perry's $5million Hollywood home which Friends star bought 5 months before death has price slashed by $500k

Matthew Perry's $5million Hollywood home - which the Friends star bought just five months before his shock death in October 2023 - has had its price slashed by nearly $500,000.

The Friends actor closed the $4,995,000 sale for his new, fully-furnished Hollywood Hills house on May 31, 2023 - but died from a ketamine overdose and drowning on October 28, 2023 at his Pacific Palisades home.

The Hollywood Hills property, which sits at 1479 Rising Glen Road, is a three bed four bath home sprawling over 2,566 square feet on a 9,622 square foot lot. 

Unfortunately, Perry didn't get the chance to enjoy his exciting purchase before he passed away abruptly - in a death that shocked the entire world. 

The home went back on the market in May this year for $5,195,000 - but after failing to attract a buyer, the asking price has been reduced by $495,000, per Realtor.com - which is significantly less than the star paid for the home.

Perry’s Pacific Palisades home remains off the market.

The Hollywood home perches in the hills above the iconic Sunset Strip and boasts a classic look, with walls of glass surrounding a sun-filled patio at the center of the property.

All bedrooms feature en-suite bathrooms and offer natural light throughout the day.

Featuring classic architectural design with a modern flare, the house is styled with light and bright walls and furniture, with touches of wood and earth-toned patterns.

Perry made a fortune thanks to his time playing Chandler Bing on the hit sitcom Friends, but he also made millions from a robust real estate portfolio.

Before his tragic death at the age- the beloved star had downsized. He sold his properties for a total of $35million over the last years and replaced them with more modest homes - although there's no suggestion he was in any financial trouble.

Like many actors when they find success, Perry bought his first Los Angeles mansion just one year after Friends premiered in 1994 - a two-bedroom home in the Hollywood Hills

'It’s the law when you have a successful sitcom: Between the first and second seasons, you buy a house,' he told the Toronto Star at the time.

It's not clear for how much he bought it for, but he Canadian-American sold his first mansion in 2001 for $839,000. The property is now worth around $2 million.

He had already moved to a new home in 1999, when he bought a 6,500-square-foot mansion in Beverly Hills for a reported $3.2 million. The nearly 2,000 square feet property included a pool and a sauna and glass walls, a feature that would be a part of many of Perry's future homes.

Also in 2005, Perry bought a furnished two-bedroom condo on the Sunset Strip for about $2.5 million. The home, previously owned by sir Elton John, was a corner unit in the Sierra Towers building in the West Hollywood area.

In 2006, Perry purchased a 4,100-square-foot mansion on the Sunset Strip for $1.7million. It featured glass walls that opened to a patio and swimming pool as well as multiple fireplaces and a home theater. He sold the property in 2014 for $5.695 million.

In 2008, Perry moved from that glass house to a mansion on Carman Crest Drive that he paid $4.475 million for. The three-bedroom home also featured glass walls and modern architecture.

He sold the house for $4.6million in 2013, but had already moved to a different home by 2011, when he bought another glass-covered three-bedroom home in the Hollywood Hills for $8.5 million.

Also in 2011, the Friends star bought a $12 million beachfront home in Malibu that he once called his 'kick-ass Malibu home'.

Perry moved again in 2017 - this time to a 'mansion in the sky' with a whopping $21 million price tag.

In 2020, Perry sold his Malibu beach house for $12.95 million - down from the original listing price of $14.95 million but still more than what the actor purchased it for.

That summer he bought a $6million cottage in the Pacific Palisades neighborhood of Los Angeles - where years later he would be found dead in the hot tub.

His manner of death was ruled to be accidental, and the autopsy report released in May showed the actor died from acute effects of ketamine.

Contributing factors were given as drowning, coronary artery disease and the effects of buprenorphine, a prescription drug often used to treat those with opioid addiction.

It was later reported that at the time of his death, Perry was undergoing ketamine infusion therapy. 

In December last year, a medical expert speculated to Page Six the actor had 'likely' obtained ketamine illegally for 'recreational use,' however.

Even though Perry was undergoing ketamine treatment for anxiety and depression at the time of his passing, his autopsy report noted 'the ketamine in his system at death could not be from that infusion therapy.' When the Friends star died the LAPD began an investigation into the circumstances of his overdose.

Perry's 'Ketamine Queen' Jasveen Sangha, an alleged drug dealer, will face trial on March 4, 2025 alongside Dr Salvador Plasencia, who both pleaded not guilty to charges related to Perry's death.

They are accused of illegally supplying the ketamine that led to Perry's overdose.