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Reality star Nicole Richie wins in California real estate

Lists home for 83% higher than purchase price

Nicole Richie may be a top reality TV star, along with her singer husband Joel Madden, but she is also quite successful in real estate. According to a Zillow (Z) article, the couple, who paid $1.912 million in 2009 for a home in the Laurel Canyon enclave of Los Angeles, is asking $3.495 million for the home today, which would be an 83% profit if sold.

Built in 1914, the home looks more like mid-century modern meets California bohemian. Soaring ceilings plus lots of windows and skylights bring light to the 5-bedroom, 5-bath home, which also features courtyard-style open spaces and dark, exposed beams. An attached guesthouse offers access to a backyard with eating and play areas alongside a lagoon-style pool, spa and waterfall.

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