The mansion from 'Scarface' just sold for about a third of its original $35 million ask

Village PropertiesThe mansion has been renovated since appearing in the 1983 film "Scarface."

The mansion prominently featured in the 1983 film "Scarface" is not actually in Miami but in Montecito, California, 90 miles west of Los Angeles.

For a year, the mansion sat unsold at a sky-high asking price of $35 million. Its price was then cut in half, to $17.8 million, in May of this year.

Finally, the Mediterranean mansion has found a buyer in Pradeep Yohanne Gupta, CEO of private Houston-based investment bank IQ Holdings.

He paid only $12.26 million for the estate and hopes to use the house as his West Coast residence, according to the Wall Stret Journal.

Listing agent Robert Riskin told the Journal that the original ask was "overpriced," and that the actual sales price accurately "reflects [the mansion's] value." The home was previously owned by Russian billionaire Sergey Grishin.

The 10,000-square-foot mansion is just as beautiful as you remember from the "Scarface" movie. It was recently renovated and includes four bedrooms and nine bathrooms surrounded by Persian gardens and a wild number of fountains.