California Mansion John Stamos Built During ‘Full House’ Heyday Lists for $13 Million

A Los Angeles-area mansion that was built by actor John Stamos hit the market last week for nearly $13 million.

Located in the hills of Calabasas, Stamos built the Mediterranean-style home in 1992 after buying the 6-acre property in 1991 for $430,000, records on PropertyShark show. He owned the home for about a decade, selling it in 2001 for $2.15 million.

The current owners, Justin and Candace Aguilera, bought the home in early 2020 for $2.95 million, records show. Though the home’s interior was dated at the time, Justin Aguilera said they were attracted by “the bones of the house.”

“We thought, ‘This could be amazing,’ but the whole house hadn’t been touched since the early ’90s,” he said.

Over about two years, the Aguileras entirely remodeled both the home and its grounds. Inside, book-matched Panda marble flooring—white marble with black patterns—is heavily featured throughout the house. They also added an elaborate crystal chandelier that’s about 15 feet in size and a two-sided fireplace to the formal living room, which is just beyond the entrance.

The 8,100-square-foot home has six bedrooms and six bathrooms, including an approximately 2,500-square-foot primary suite, which Aguilera said is one of his favorite spaces in the house. The primary bedroom has high vaulted ceilings, and the suite also includes a sitting area with a fireplace, a wet bar, a bathroom with dramatic black marble and a “glam room” with a salon-style setup for doing hair and makeup.

As the home was designed for entertaining, there are bars both inside and outside, with the indoor bar room featuring marble flooring, black coffered ceilings and seating for at least six.

The Aguileras also completed renovation work outside. They replastered the pool—which also has a hot tub and a grotto—added 350 landscape lights and redid about 5,000 square feet of patio space with travertine.

In addition to aesthetic upgrades, the Aguileras also made sure to fireproof the property.

“On the hill, on the hardscape, we added a sprinkler system, so we don’t have to worry about a fire,” Aguilera said.

Sitting up on a hill, the home overlooks the Malibu Canyon, and the Aguileras put in large gridless windows throughout the home so as to not break up the view.

“In the morning, since we’re so high on the hill, when the clouds come in from the coast, they always sit below you,” Aguilera said. “So you’re looking at a blanket of fog—it looks like a waterfall.”

The property’s acreage provides room for the next owners to expand, including with the option to add a helipad, according to Compass, which is marketing the property. Alessandro Corona holds the listing.

Also this week, the San Francisco townhome that was featured in “Full House”—in which Stamos starred as Uncle Jesse— sold for $6 million . The home had previously been renovated by the “Full House” creator , Jeff Franklin, who is now selling his Beverly Hills megamansion.

The Reserve Bank had little choice but to raise interest rates again this week.

Inflation was already proving stubborn before the latest Middle East instability added further pressure to energy prices and supply chains.

Housing inflation alone has averaged six per cent over the past year, remaining one of the single biggest contributors to CPI.

But while the focus remains on rates, the deeper problem is structural and far more dangerous.

Australia is not building enough homes, and the conditions required to fix that are deteriorating simultaneously.

Construction costs remain elevated. Builders are increasingly unwilling to absorb contract risk. Labour shortages persist.

Capital is becoming more expensive. And as borrowing capacity weakens and sentiment softens, fewer projects are becoming financially viable.

The result is a self-reinforcing cycle.

The RBA raises rates to fight inflation. Higher rates reduce development feasibility. Fewer projects start. Housing supply tightens further. Rents rise. Inflation persists. The RBA raises rates again.

The only long-term solution is supply, yet Australia remains nowhere near the National Housing Accord target of 240,000 new dwellings a year.

Completion continues to lag approvals, meaning many projects approved on paper are simply never making it out of the ground.

That gap matters enormously because housing is not just another sector of the economy.

Around two-thirds of Australian household wealth is tied to property, while the sector underpins millions of jobs and related industries. Weakness here quickly spreads beyond real estate.

We are already seeing signs of stress. Auction clearance rates in Sydney and Melbourne have softened, borrowing capacity has declined, and parts of the market are experiencing price corrections as confidence weakens.

At the same time, policymakers continue to debate tax measures such as changes to negative gearing and capital gains tax discounts, despite fears that such reforms could drive private capital out of the rental market at precisely the moment when supply is most constrained.

This is the paradox at the centre of Australia’s housing crisis.

Demand for property remains extraordinarily high, yet the economic conditions required to actually build new housing are worsening.

The Reserve Bank cannot solve that problem alone.

Monetary policy cannot accelerate planning approvals, reduce construction costs or create more tradies. It can only raise the cost of money until something eventually breaks.

And increasingly, that “something” looks like the development pipeline itself.

Paul Miron is the Co-Founder & Fund Manager of Msquared Capital.

California Mansion John Stamos Built During ‘Full House’ Heyday Lists for $13 Million

The Calabasas home underwent a two-year renovation that added Panda marble and a dramatic chandelier.

Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.