George Clooney is reportedly selling his Lake Como villa after 21 years.
Villa Oleandra, owned by the Oceans 11 actor, 62, is currently up for sale according to Italian weekly magazine, Oggi. On Wednesday, real estate agent Yasemin Baysal of Engel & Volkers in Como told the outlet that despite previous rumors of a sale, “this time it’s true” and went on to reveal that a Milan agency, who she would not name, is handling the sale.
Baysal and Engel & Volkers in Como and Milan did not immediately respond to PEOPLE’s request for comment.
However, a local Italian source tells PEOPLE that the news of the sale is “real.”
Estimates of the price of the property owned by the actor — who married lawyer Amal Clooney in 2014 and welcomed their twins Alexander and Ella in June 2017 — are currently as high as $100 million.
Noting George’s financial acumen, the insider says to PEOPLE: “It must be said that over and above being a very good actor and investor, he’s also an extremely shrewd investor, given that he bought the villa for 10 million euros.”
The actor reportedly bought Villa Oleandra from the Heinz family in 2002 for approximately $10 million, according to The Washington Post, which reported that the star’s arrival to Lake Como led to a real estate boom in which asking prices doubled, according to the mayor of Laglio.
Clooney later purchased an adjacent property, making it “one of the largest private homes in the area,” accordingThe Wall Street Journal . The 25-room villa’s value was estimated at more than $100 million in 2022, according to the outlet.
Lake Como is special for the actor on a personal level: it was there in 2013 that he first met his wife Amal, 45, as he revealed in a 2017 interview with The Hollywood Reporter. At the time, Amal joined a group dinner at George’s home while passing through Lake Como en route to Cannes, France. “I thought she was beautiful, and I thought she was funny and obviously smart,” he told THR.
In a 2018 episode of David Letterman’s Netflix show My Next Guest Needs No Introduction, George recalled their first meeting. “I got a call from my agent who said, ‘I met this woman who is coming to your house, who you’re going to marry,'” he said. “It really worked out that way.” The couple would later marry in 2014 at the Aman Canal Grande resort in Venice.
Lake Como has naturally been the setting of many a romantic date night for the couple, including, most recently, one at the Grand Hotel Tremezzo in July.