In a notable real estate transaction in Los Angeles, Paris Hilton has acquired the luxurious estate once owned by actor Mark Wahlberg for $63 million. This purchase not only underscores the booming luxury market in the region but also reflects Hilton’s swift rebound following a recent loss in her property portfolio.
Wahlberg’s Beverly Park Estate: A Timeline of Ups and Downs
In May 2009, Mark Wahlberg and his wife Rhea Durham invested $8.25 million in one of the last undeveloped plots in Beverly Park, the most prestigious address in Los Angeles. This exclusive, guard-gated community has been home to numerous celebrities, including Sylvester Stallone, Eddie Murphy, Magic Johnson, Adele, and Justin Bieber. Even the most modest home in this enclave can command prices starting from $30 million.
The six-acre lot purchased by the Wahlbergs was ripe for development, prompting a multi-million dollar vision brought to life by renowned architect Richard Landry, known for designing opulent mansions for high-profile clients like Tom Brady and Michael Jackson. After several years of construction and an investment exceeding $20 million, the estate featured extravagant amenities, including:
- A five-hole golf course with a driving range
- A full-size basketball court
- A private skate park
- A personal movie theater
- A home gym
- A wine-and-cigar cellar
- A smoking lounge
- A two-story library
Despite his passion for the property, Wahlberg faced challenges in sharing his vision with the public due to a lack of available images and media coverage. When he listed the home for $87.5 million in April 2022, many anticipated a multimedia presentation to accompany the sale. However, the absence of marketing materials persisted, and after a series of price reductions, the estate was ultimately taken off the market.
In February 2023, the Wahlbergs managed to sell the estate for $55 million, despite the initial high listing price. Ironically, they could have likely fetched an additional $8 million had they been more patient.
Paris Hilton’s Purchase: A New Chapter
In a recent announcement, the Wall Street Journal revealed that Paris Hilton has secured the former Wahlberg estate for a reported $63 million. This purchase not only ranks among the largest home sales in Los Angeles for the year but also signifies a dramatic turnaround for Hilton, who lost her oceanfront Malibu property to wildfires earlier this year. That home, valued at $8.4 million, was co-purchased with her husband, Carter Reum, in 2021.
Hilton’s new residence isn’t just another house; it is one of the most lavish celebrity compounds in Los Angeles, equipped with an array of luxurious amenities. For now, viewers can enjoy a video tour of the estate, which has been made available for public viewing — a long-awaited opportunity for enthusiasts eager to see the home that sparked considerable interest in the luxury real estate market.
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