Matthew Perry's Estate In Hollywood Hills Takes Big Price Cut Nearly A Year After His Passing

Matthew Perry, who passed away in October 2023 at his Pacific Palisades home, also had a residence in Hollywood Hills, which has seen a significant price drop since his tragic death.

The "Friends" star was "reportedly clean for 19 months" before his death, though he was undergoing ketamine therapy at the time of his death. The coroner stated that "the ketamine in his system at death could not be from that infusion therapy, since ketamine's half-life is three to four hours or less."

Following an investigation, Matthew Perry's cause of death was ruled as "acute effects of ketamine."

Perry acquired his Hollywood Hills property in May 2023 for $5 million, according to Robb Report.

Following his death, the residence was put up for sale and listed at $5,195,000. Now, as confirmed by People Magazine, the asking price for the three-bedroom, three-and-a-half-bathroom home has been reduced to $4,700,000.

The 1957-built home spans 2,793 square feet of updated living space and features a modern kitchen, floor-to-ceiling windows, and a fireplace that connects the living and dining areas.

It should be noted that this is not the same residency where Perry was found last year.

The property is being represented by Greg Holcomb and Tim Durkovic of Douglas Elliman, who have described it as a "sleek mid-century treasure."

One of the bedrooms is currently set up as a screening room, while the primary bedroom boasts sliding glass doors leading to the pool area and includes a walk-in closet.

The backyard features a central patio equipped with a built-in fire pit and pool.

His Hollywood Hills property is believed to be the last home he purchased before his death, as noted by Realtor.com.

Perry acquired his Pacific Palisades home in 2020 for $6 million, as reported by House Beautiful.

At the time of his death, the actor was undergoing ketamine treatment, but the autopsy determined that the drug's half-life and the timing of his last session excluded the possibility of it being linked to his prescribed therapy.

Following a thorough investigation, five individuals have been charged in connection with Matthew Perry's death.

Those charged include Dr. Mark Chavez, Dr. Salvador Plasencia, Erik Fleming, who admitted to distributing the ketamine involved in Perry's death, Jasveen Sangha (referred to as “the Ketamine Queen”), and Kenneth Iwamasa, the actor’s live-in personal assistant.

According to the autopsy report obtained by The Blast, Perry had a “history of chronic obstructive pulmonary disease/emphysema, diabetes; drug use in past — reportedly clean for 19 months; heavy tobacco user for many years but currently not smoking; on ketamine infusion therapy with most recent therapy reportedly one and a half weeks before death."

Toxicology tests showed ketamine levels in Perry's system at 3540 ng/ml. To put this into context, in regulated surgical-anesthesia settings, ketamine levels generally fall between 1000-6000 ng/ml.

In his 2022 memoir, Perry opened up about his experience with ketamine therapy, noting “ketamine was a very popular street drug in the 1980s," but "there is a synthetic form of it now, and it’s used for two reasons: to ease pain and help with depression."

He added that ketamine "has my name written all over it — they might as well have called it ‘Matty’."

Ketamine, which has been FDA-approved as an anesthetic since the 1970s, is typically used in high doses for surgical procedures. Despite its medical approval and legitimate use in operating rooms, the drug can also be misused recreationally.

"Doctors are increasingly turning to ketamine as a treatment option because it often proves effective when other depression therapies fail," Colin Banas, MD, MHA, Chief Medical Officer, DrFirst, told The Blast exclusively via email. "In fact, ketamine prescriptions within the DrFirst prescribing network have tripled over the past two years."

"However, as its use becomes more widespread, so do the associated risks," he added.

Many celebrities, such as Elon Musk, Sharon Osbourne, and Lamar Odom, have turned to ketamine therapy as well.

If you or someone you know is struggling with addiction, help is available. SAMHSA’s National Helpline is a free, confidential, 24/7, 365-day-a-year treatment referral and information service for individuals and families facing mental and/or substance use disorders. Call 1-800-662-HELP (4357).