Mark Wahlberg Has Made an Unbelievable Profit Selling His Mansion
Mark Wahlberg has profited significantly from the successful sale of his vast California estate. The renowned Hollywood actor initially purchased the property for $8.25 million back in 2009, and it appears that the substantial amount he paid for the house has been an excellent investment because the profit from the sale is truly massive.
Mark Wahlberg Sold His Mansion
Mark Wahlberg’s sprawling estate is located in the highly sought-after North Beverly Park gated community in Beverly Hills. The massive property covers 30,500 square feet and boasts an incredible 12 bedrooms and 20 bathrooms. Over the course of five years, Mark and his wife, Rhea Durham, undertook extensive renovations to transform the home into a luxurious Mediterranean-style paradise.
The estate is more akin to a resort than a residential property, complete with a fitness center, tennis court, private cinema, five-hole golf course, skate park, and pool. The property is so impressive that it was marketed as a “personal private country club” in the listing. Additional notable features of the estate include a two-story entryway, staff quarters, a wine cellar, and a tasting or smoking lounge.
The Mansion Was Completely Renovated
Living in this extraordinary estate would make it unnecessary for anyone to leave. However, Mark Wahlberg made the decision to list the property for sale in April 2022 at a staggering price of $87.5 million, which is almost $80 million more than what he paid for it. While the actor was aiming for the best possible outcome, the property didn’t sell immediately, and he took it off the market in October. In the following month, he reduced the price slightly to $79.5 million. However, it wasn’t until March 2023 that he was able to successfully sell the mansion for $55 million (£45.8m), resulting in a profit of $46,650,000.
Why Sell in the First Place
Mark Wahlberg’s decision to sell his mansion and move came after he expressed in an interview his desire to provide his children with a better life. He explained that he wanted to work from home but had relocated to California years ago to pursue acting, and in all that time, he had only made a few movies. He felt that it was time to move and enable his children to pursue their passions and dreams.