Madonna just got a serious deal on a 12,000 square foot house in Hidden Hills, California. She bought The Weeknd's house for $19.3 million. The home had been on the market for nearly a year and was, at one point, asking $24.995 million. This transaction not only highlights Madonna's keen eye for real estate but also underscores the competitive nature of luxury housing markets.
The Weeknd, who purchased the estate for $18.2 million in 2017, essentially broke even on the sale. This change in ownership marks a significant moment in both stars' real estate portfolios. The nine-bedroom, nine-and-a-half bathroom estate sits on three acres and is located near several Kardashian family homes, making it a coveted location for high-profile celebrities.
This stunning property features a main house with seven bedrooms and two additional rooms in the guest house. Among its luxurious amenities are an enormous pool, gym, media lounge, climate-controlled wine cellar, and a five-car garage with LED lighting built into the floor. The Weeknd had listed the home in June 2020, with the real estate listing emphasizing its extensive grounds and privacy.
Property Overview
The estate is described as being situated within the gated community of Hidden Hills, surrounded by redwood trees, grassy lawns, and sun-drenched hillsides. It is designed for both large-scale entertaining and intimate family life, featuring bright interiors that are warmed by wood and stone accents. Among its standout features are an expansive chef's kitchen and an entertainer's bar.
The property was marketed as a private sanctuary, providing the seclusion that many high-profile celebrities desire to escape from paparazzi and overzealous fans. This privacy is a significant selling point for those in the public eye, making such homes highly sought after.
The Weeknd's Next Move
After selling the Hidden Hills estate, The Weeknd moved on to a luxurious $21 million penthouse in the Beverly West Tower, Los Angeles. This change in residence is indicative of his rising star power and success in the music industry, as he continues to invest in high-end properties.
Madonna's acquisition of this property adds to her already impressive real estate portfolio, which spans across the globe. At one point, she owned six properties in London alone, although it's unclear how many she retains today due to previous trades during her divorce from Guy Richie.
Madonna's Real Estate Journey
In September 2017, Madonna purchased an 18th-century mansion in Sintra, Portugal for just under $9 million. She also sold a 6,000 square-foot New York City apartment in 2013 for $16 million, though she still owns a smaller unit in that building. Notably, in 2009, she acquired a 12,000 square-foot townhouse in New York City for $32 million, which includes remarkable features such as a two-car garage, nine fireplaces, and a wine cellar.
Further demonstrating her love for real estate, Madonna purchased a 50-acre equestrian property in Bridgehampton, New York, in 2010 for $7 million. Back in 2003, during her marriage to Guy Richie, she bought an impressive Beverly Hills mansion for $12 million, which she later sold for $19.5 million in 2013.
Key Takeaways About Celebrity Real Estate
- High-profile celebrities like Madonna and The Weeknd often buy and sell luxury properties as part of their lifestyle.
- Privacy and exclusive locations are crucial factors in real estate purchases for celebrities.
- Real estate investments can serve as a significant aspect of wealth management for entertainers.
- Market dynamics can lead to quick sales, even in a competitive luxury market.
