Selena Gomez has officially sold her luxurious Encino mansion for $5.4 million, marking the end of her ownership of the sprawling Los Angeles property she first listed in May, TMZ has confirmed. The sale comes as the singer-actress continues focusing on her relationship with music producer Benny Blanco and her expanding business empire.

The Texas-born entertainer, 34, reached an agreement on the six-bedroom, 10-bathroom estate that spans an impressive 11,500 square feet. The property, which was previously owned by rock legend Tom Petty, features high-end finishes and amenities befitting one of entertainment's biggest stars.

A Home With History

Gomez initially purchased the Encino property in 2020 during the height of the pandemic, seeking a private retreat away from the intense public scrutiny that has followed her since her Disney Channel days. The mansion quickly became her sanctuary, offering security, privacy, and the space she needed to focus on her music career and mental health advocacy work.

The estate's celebrity pedigree added to its appeal, with Tom Petty having owned the home during his legendary career. Music insiders note that Gomez felt a connection to that rock and roll history, viewing the property as a bridge between entertainment generations.

Moving Forward With Benny Blanco

The sale coincides with Gomez dropping hints about her plans to start a family with boyfriend Benny Blanco, according to Page Six. The Grammy-nominated producer and the former Wizards of Waverly Place star have been increasingly public about their relationship throughout 2026, frequently appearing together at industry events and sharing glimpses of their romance on social media.

Sources close to the couple suggest they're looking for a new property together that better suits their shared vision for the future. Blanco, 38, has been open about his desire to settle down, and Gomez has spoken candidly about her own evolving priorities as she enters a new phase of her life and career.

Business Empire Beyond Music

The mansion sale represents just one component of Gomez's increasingly sophisticated real estate portfolio. The multi-hyphenate entertainer has proven as savvy with property investments as she has with her business ventures, which include her wildly successful Rare Beauty cosmetics line that launched in 2020 and has become a billion-dollar brand.

Gomez has consistently ranked among the highest-paid women in entertainment, with Forbes estimating her 2025 earnings exceeded $800 million when factoring in music royalties, acting roles, endorsement deals, and her beauty empire. The Encino sale, while substantial, represents a relatively modest percentage of her overall wealth.

Real estate agents familiar with the transaction noted strong interest from multiple buyers, with the final sale price slightly exceeding the original asking price. The Los Angeles luxury market has remained resilient despite broader economic uncertainties, with celebrity properties particularly sought after by high-net-worth buyers.

Industry watchers expect Gomez and Blanco will likely purchase in a more exclusive neighborhood like Beverly Hills or Bel Air, where enhanced security and larger estate sizes better accommodate high-profile couples seeking privacy. The Encino location, while upscale, sits in a less secluded area than ultra-exclusive enclaves favored by A-list celebrities.

The sale caps a transformative year for Gomez, who also celebrated critical acclaim for her dramatic work in Emilia Pérez and Only Murders in the Building. Her decision to part with the Encino mansion signals her readiness to embrace the next chapter of her personal and professional journey alongside Blanco.