The mansion Tom Petty rebuilt after an arsonist tried to burn it down is back on the market for $5 million just a year after it sold - here's a look inside the sprawling Encino property

• An 11,483-square-foot Encino, California, mansion once owned by late rockstar Tom Petty is on the market for $4.995 million.
• Petty's ex-wife was given the home in their 1996 divorce, and she unsuccessfully tried to sell it in 2013.
• In 2015, J.P. Morgan foreclosed on the property, then sold it for $2.575 million in 2017. The home was refurbished, then sold for just under $5 million to its current owner Randy Spendlove, the president of Motion Picture Music at Paramount Pictures.
• The Los Angeles Daily News reports that Spendlove is selling the home only a year after he bought it due to a change in his "family dynamics."
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A mansion once owned by the late musician Tom Petty has hit the market with an asking price of $4.995 million.

The home is currently owned by Randy Spendlove, Paramount Pictures' head of Motion Picture Music, who, the Los Angeles Daily News reports, is selling the home due to a change in his "family dynamics."

Spendlove has owned the mansion for just a year. In 2015, the estate was foreclosed on by J.P. Morgan, then sold by the bank in 2017 for $2.575 million, the OC Register reports. Spendlove bought the home in October 2018.

The home was once owned by Petty, who died after suffering cardiac arrest in his Malibu home in 2017; his ex-wife Jane Benyo got the Encino, California, property in their 1996 divorce. Benyo then unsuccessfully tried to sell the home in 2013, a few years before it was foreclosed on.

The six-bedroom, ten-bathroom home is listed by Jade Mills and Tiffany Mills with Coldwell Banker, as well as Craig Knizek with The Agency.

Here's a look inside the massive property.