The Los Angeles Times reports that the former home of Ed McMahon has sold for the asking price of $3.475 million after being on and off the market in recent years. McMahon reportedly purchased the home in 1990 for $2.6 million.
McMahon is best known as Johnny Carson's sidekick and later went on to be the first host of the talent show Star Search. He was also the announcer of The Tonight Show between 1962 to 1992.
According to the source, McMahon first listed the home in 2006 at $7.699 million, but later defaulted on $4.8 million in mortgages resulting in the selling of the home to a private buyer. Sources say the buyer continued to rent the home to McMahon, but after his death the home was sold to a group of investors who listed it in November 2011.
The 7,000-square-foot home was built in 1989 and includes six bedrooms and five-and-a-half bathrooms. Some features of the home include a dining pavilion and a swimming pool that all sit on a third of an acre in the Beverly Hills Post Office-area.