However, ET has learned this has nothing to do with the college scandal. Real estate is Giannulli's passion, he loves architecture and design, and selling the family home is not unusual for them -- they typically sell their home and move every three-to-five years.
They listed the Spanish-style home previously in the last few years for $35 million but eventually took it off the market. The current listing is being handled by luxury real estate agent Arvin Haddad of The Agency.
The news of their Bel-Air home going on the market comes two weeks after hundreds of new documents -- including emails, interview transcripts and legal papers -- were released by the U.S. Attorney's Office, shedding new light on the admissions scandal as well as Loughlin and Giannulli's alleged involvement.
The pair are accused of paying $500,000 in bribes to get daughters, 20-year-old Olivia Jade and 21-year-old Isabella Rose, admitted to USC as recruits for the crew team (even though neither participated in the sport).