After Two Years Without a sale, Hip Hop Star Drake tries a New Tack
Rapper and music mogul Drake is making headlines once again,this time for his efforts to sell his sprawling Beverly Hills estate. Listed in early 2024 for a staggering $88 million, the property remains on the market, marking a significant challenge for the hip-hop icon.
Perched on nearly 20 acres above Benedict Canyon, the 20,000-square-foot Tuscan-style mansion is a testament to luxury and exclusivity. Boasting 10 bedrooms, 22 bathrooms, an 11-car garage, a wine cellar, an elevator, and even a private orchard, the estate is a dream for those seeking unparalleled privacy and opulence.
Drake purchased the property in spring 2022 for $75 million from English pop star Robbie Williams. originally built in 2001 for Guess co-founder armand Marciano, the mansion has a rich history of celebrity ownership. shortly after acquiring it, Drake set the rent at $250,000 per month before deciding to list it for resale in May 2024.
Despite its prime location in the coveted 90210 ZIP code and its notable amenities, the estate has yet to find a buyer. The listing is represented by Branden and Rayni williams of The Beverly Hills Estates and Marc Bretter of Maywood Property Group, who are undoubtedly working tirelessly to attract the right buyer.| Key Details | Data |
|——————————-|———————————————————————————|
| Property Type | Tuscan-style mansion |
| Location | Benedict Canyon, Beverly Hills, 90210 ZIP code |
| Size | 20,000 square feet on nearly 20 acres |
| Bedrooms/Bathrooms | 10 bedrooms, 22 bathrooms |
| Notable Features | 11-car garage, wine cellar, elevator, private orchard |
| Purchase Price (2022) | $75 million |
| Current Listing Price | $88 million |
| Listing Agents | Branden and Rayni Williams (The Beverly Hills Estates), Marc Bretter (Maywood) |
As Drake continues his search for a buyer, the Beverly Hills estate stands as a symbol of both luxury and the challenges of the high-end real estate market. Will this iconic property find its next owner soon? Only time will tell.
Inside Drake’s $88 Million Beverly Hills Estate: Challenges and Opportunities in Luxury Real Estate
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After two years on the market, Drake’s sprawling Beverly Hills estate remains unsold despite its opulent features and prime location. We sat down with luxury real estate expert,sarah Thompson,to discuss the challenges of selling such a high-profile property and what it takes to attract the right buyer in today’s competitive market.
The Appeal of Drake’s Estate
Editor: Sarah, let’s start with the property itself. What makes Drake’s Beverly Hills estate so unique?
Sarah Thompson: This estate is truly one-of-a-kind. It’s perched on nearly 20 acres in Benedict Canyon, offering unparalleled privacy and stunning views. The Tuscan-style mansion is massive, with 10 bedrooms and 22 bathrooms, but it’s the amenities that really set it apart—think an 11-car garage, a wine cellar, an elevator, and even a private orchard. It’s a lifestyle property designed for someone who values exclusivity and luxury.
Why Hasn’t It Sold Yet?
Editor: Despite its impressive features, the estate has been on the market for two years. What are the main challenges in selling a property like this?
Sarah Thompson: The biggest challenge is the price point. At $88 million, you’re targeting an extremely niche market. Even in Beverly Hills, where luxury is the norm, properties at this level take time to sell. Additionally, while the estate is stunning, it’s also very specific in its design and layout. Not every buyer is looking for a Tuscan-style mansion. There’s also the factor of celebrity ownership—some buyers might be hesitant to take on a property with such a high-profile history.
The Role of Celebrity Ownership
Editor: You mentioned celebrity ownership. How does that impact the sale of a property like this?
Sarah Thompson: It’s a double-edged sword. On one hand, the association with Drake can be a selling point—it adds a layer of prestige and star power. On the other hand, some buyers might be wary of the attention that comes with owning a property previously owned by a global superstar.There’s also the question of privacy; high-net-worth individuals often want their homes to be a sanctuary, and they might be concerned about the property’s history attracting unwanted attention.
The Current Real Estate Market
Editor: How does the current luxury real estate market impact the sale of Drake’s estate?
Sarah Thompson: The luxury market is still strong,but it’s also very competitive. Buyers at this level are looking for properties that check every box—location, design, amenities, and privacy. while Drake’s estate has a lot to offer, it’s also competing with other high-end properties in Beverly Hills and beyond. The key is finding the right buyer who sees the value in owning a piece of celebrity history along with a stunning home.
What’s Next for the Estate?
Editor: what’s your prediction for the future of this property? Do you think it’ll sell soon?
Sarah Thompson: It’s hard to say. properties at this price point frequently enough take time to sell, but with the right marketing and the right buyer, it could happen sooner rather than later. The listing agents, Branden and Rayni Williams of The Beverly Hills Estates and Marc Bretter of Maywood, are experts in this market, and they’ll undoubtedly work tirelessly to find the perfect match. Ultimately, it’s about finding someone who sees the estate not just as a home, but as a statement of success and legacy.
Conclusion
Drake’s Beverly hills estate is a testament to luxury and exclusivity, but selling a property of this caliber comes with its own set of challenges. From its niche market to the complexities of celebrity ownership, finding the right buyer takes time and expertise. As the estate continues to make headlines, one thing is clear: it’s a property that’s as unique as its owner, and its future sale will undoubtedly be a moment to watch in the world of luxury real estate.
