In the world of luxury real estate, few properties capture attention quite like those owned by celebrities. Recently, rapper Drake has once again made headlines by listing his Beverly Crest mansion for a staggering $88 million, just a year after purchasing it for $75 million. This surprising move has sparked conversations about the dynamics of the luxury housing market in Los Angeles, especially following recent tax reforms that have affected high-value property transactions.
Drake's journey to finding the perfect Los Angeles home was not a short one. After an exhaustive year-long search, he finally settled on the stunning estate that was previously owned by singer-songwriter Robbie Williams. The initial purchase was notable not only for its price but also for being a significant markup on what Williams had paid just a few years earlier.
As the luxury housing market faces challenges due to economic shifts and new legislation, Drake's decision to sell at a higher price can potentially invigorate the market. If he successfully sells the mansion at his asking price, it would not only set a new record for Southern California but also contribute significantly to local initiatives aimed at affordable housing and homelessness prevention.
| Detail | Information |
|---|---|
| Owner | Drake |
| Location | Beverly Crest, Los Angeles |
| Original Purchase Price | $75 million |
| Current Listing Price | $88 million |
| Previous Owner | Robbie Williams |
| Property Size | 24,000 square feet |
| Land Size | 20 acres |
| Bedrooms | 10 |
| Bathrooms | 22 |
The estate boasts an impressive array of amenities, from a wine cellar and gym to a library and a massive garage capable of holding 11 cars. Built in 2001, the property is a Tuscan-style masterpiece that seamlessly blends luxury with comfort.
As potential buyers look to invest in high-end properties, Drake’s mansion stands out not only for its size and lavish features but also for its prime location in one of Los Angeles's most affluent neighborhoods. With picturesque views and extensive grounds, it offers a unique lifestyle that few properties can match.
Branden and Rayni Williams of Beverly Hills Estates, along with Marc Bretter of Oakwood Realty Corp., are the masterminds behind the listing, ensuring that this extraordinary property receives the attention it deserves.
