Drake’s $75 Million Beverly Hills Mansion: A Detailed Overview
Canadian music superstar Aubrey “Drake” Graham has made headlines with his recent real estate endeavors. After navigating on and off the housing market for nearly two years, he has officially acquired a sizable mansion located in Beverly Hills. This luxury estate was previously owned by British pop singer Robbie Williams and his wife, Ayda Field. Drake’s purchase price for the property was $75 million, a substantial investment that reflects the escalating values of upscale properties in the area. Following the purchase, Drake decided to rent out the estate, setting the monthly lease price at an impressive $250,000.
Market Fluctuations and Resale Potential
Drake’s acquisition comes at a time when the Los Angeles housing market is undergoing numerous fluctuations. After securing the mansion in the spring of 2022, the property’s value climbed by $13 million within just a year, prompting Drake to place it back on the market. As of early 2024, the mansion remains listed at the same initial purchase price. Although the property has been relisted, it is likely to stay on the market if affluent prospective buyers express interest.
The Features of a Tuscan-Style Marvel
This opulent estate sprawls across a nearly 20-acre parcel located in the prestigious Benedict Canyon area, a secluded enclave known for its exclusivity. Originally built in 2001, the mansion showcases Tuscan-inspired architecture designed by the KAA Design Group for Guess co-founder Armando Marciano. The residence features ten bedrooms and an astounding 22 bathrooms, providing ample space across its expansive 25,000 square feet of three-story living area. Views from the estate encompass picturesque canyons and stunning city lights, adding to its allure.
Lavish Amenities and Elegant Spaces
Luxury is embedded in the fabric of Drake’s mansion, with numerous high-end amenities that cater to a sophisticated lifestyle. Among the notable features are an elevator, wine cellar, and a game room—all designed for entertainment and leisure. Wellness isn’t neglected either, as the estate houses a fully equipped gym and an 11-car garage. The main living areas are characterized by architectural grandeur, including a double-height entrance hall, curved iron railings, and a striking cubist chandelier. The main living room itself boasts two fireplaces and a wet bar—a perfect setting for hosting gatherings.
Outdoor Luxury and Additional Spaces
Beyond its lavish interiors, Drake’s mansion extends into extensive landscaped grounds. Mature olive and oak trees punctuate the landscape, along with a large mosaic-tiled swimming pool that invites leisure. The estate features a full-size tennis court complimented by a gazebo, and an outdoor kitchen complete with a pizza oven for alfresco dining. The inclusion of a guest house and staff building further caters to the needs of both residents and visitors, enhancing the estate’s functionality and luxury.
Drake’s Real Estate Portfolio and Investments
In addition to the Beverly Hills mansion, Drake’s real estate portfolio includes a grand 50,000-square-foot estate located in Toronto’s upscale Bridle Path neighborhood, constructed at a cost of tens of millions. Expanding his investment ventures, he has also placed a considerable emphasis on luxury real estate, diversifying his assets with a $15 million investment in a resort property situated between Austin and Houston, Texas, in late 2023. These acquisitions showcase Drake’s commitment to maintaining a premium lifestyle while effectively navigating the luxury real estate market.
Conclusion
Drake’s recent purchase of the Beverly Hills mansion not only reinforces his status as a luxury investor but also reflects the complexities of upscale real estate transactions in a volatile market. With its extensive amenities, elegant design, and strategic location, the estate serves as a fitting abode for one of the music industry’s most prominent figures. As Drake continues to engage in high-value real estate investments, his portfolio emphasizes both an affinity for luxury living and strategic financial planning in competitive markets.
FAQs
What price did Drake pay for the Beverly Hills mansion?
Drake acquired the luxury estate for $75 million in the spring of 2022.
Is the mansion currently for sale?
Yes, the mansion is listed on the market at $75 million, despite being previously acquired by Drake.
How large is the Beverly Hills mansion?
The mansion spans approximately 25,000 square feet and is set on a 20-acre parcel of land.
What features does the property include?
The estate features 10 bedrooms, 22 bathrooms, a wine cellar, an indoor gym, an 11-car garage, multiple fireplaces, and a scenic outdoor area with a swimming pool and tennis court.
Is this Drake’s only real estate investment?
No, in addition to the Beverly Hills mansion, Drake owns a large estate in Toronto and has invested in a luxury resort property in Texas.
