Mark Wahlberg leaves his home in Beverly Hills, California. The lavish spread was just announced for a whopping $87.5 million, according to TMZ.
The actor snapped up the North Beverly Park property in 2009 for just $8.25 million. He then called on the architect Richard Landry to design a sumptuous European-style mansion. Landry has worked with a number of celebrities on megamansions and designed homes for Tom Brady and Gisele Bundchen.
In a 2015 profile, Landry recalled his collaboration with Wahlberg: “When he called me, he was like, ‘Richard, I’ve been following you for years. I’m so glad now that you can make my house.
Landry added: “What a nice guy. We had so much fun.”
It’s quite the spread, but will the price fly?
“I think the property will set a record for Beverly Park when it sells,” says Cara Ameera licensed Coldwell Banker agent in California and Florida.
Wahlberg has “amassed a tremendous amount of equity in just over a decade, especially in the past two years with the rapid acceleration in values during the pandemic housing boom,” Ameer says.
And COVID-19 also plays a role in this mansion’s appeal, according to Ameer. With this property, you never really need to leave the grounds.
“Like many luxury celebrity estates, this is a mega-resort designed to be the ultimate hangout or secluded retreat when you need it,” she adds. “It ticks all the boxes for the wealthy tycoon who wants a standalone estate.”
But will a buyer pay $87.5 million? That’s what Wahlberg wants to find out.
The asking price was ambitious for Sylvester Stallone‘s mansion, which was in the same gated community. It was listed for $110 million in February 2021, and eventually sold to Adele for $58 million.
Perhaps Stallone’s bold move inspired Wahlberg.
“With this price, I think Wahlberg is testing the market at this point,” says Arvin Haddad with The Agency, which also opines on luxury real estate on TikTok. “Sometimes good sales in the neighborhood motivate people who aren’t really salespeople to sell it.”
While Wahlberg’s estate is undoubtedly huge, it “lacks views,” Haddad notes. “What he has going for him is 30,000 square feet. It really is a compound. It has all the bells and whistles that some of the [other] properties did not have.
Let’s take a look inside.
Located in the gated community of North Beverly Park, the 6.2-acre lot is anchored by a 30,000 square foot estate with 12 bedrooms and 20 bathrooms.
The mansion opens with a two-storey entrance and a double staircase. Highlights include a living room with multiple sets of French doors, a two-story library/office, home theater, wine cellar, and huge gym.
The landscaped grounds include expansive lawns, a five-hole golf course, tennis court, grotto pool and guest house.
If it is undeniable that the Wahlberg estate is ultra-spectacular, is the exorbitant price justified?
Maybe not. An equally grand property just down from the Wahlberg Estate sold at auction last year for $51 million. He was asking for $160 million.
“It’s more in the $60 million range,” Haddad said. But when it comes to luxury property prices, “crazier things have happened.”
This story originally appeared on Realtor.com.
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Can Mark Wahlberg really get $87.5 million for his Beverly Hills estate? – CBS