Hollywood titan Mark Wahlberg has made another colossal splash in the luxury property market, dropping a staggering $57.1m (US$37m) on a newly flipped, fully furnished mansion in Florida’s exclusive “Billionaires Row.”
But it’s not just the celebrity purchase making headlines – a shrewd developer has walked away with an $11 million profit in a matter of months.
The actor, 54, has acquired the lavish, Italian-style retreat, dubbed “Palazzo di Lago,” nestled within the ultra-private Stone Creek Ranch community in Delray Beach.
The vendor, spec developer Aldo Stark, is the real story here, having purchased the enormous 17,800-square-foot dwelling in January for $40.1m (US$26m).
After a rapid, complete overhaul, he swiftly relisted it in March for $69.5m, (US$45m), ultimately selling it furnished to Wahlberg for $57.1m – making a cool $17m (US$11m) profit in just a few short months, according to
MORE NEWS
Vanessa Amorosi free after $2.6m property sale[2]
Elton John’s secret Aus hideaway for sale
[3]
Full House star’s $44m stake amid separation[4]
Mark Wahlberg has forked out $37 million to buy a fully furnished Florida mansion near Delray Beach.Daniel Petroni via realtor.com
The actor, 54, purchased the lavish retreat from spec developer Aldo Stark. Daniel Petroni via realtor.com
Mark Wahlberg attends Game One of the 2023 WNBA Playoffs finals between the New York Liberty and the Las Vegas Aces (Photo by Ethan Miller).
The stylish sanctuary spans an impressive 18,206 square feet, boasting seven bedrooms, 10 full bathrooms, two powder rooms, a home theatre, a hidden cigar lounge with an advanced air-purification system, a wine cellar, gym, sauna, guesthouse, and a resort-style pool.
The 2017-built home also features a seven-car garage, ensuring ample space for any luxury vehicle collection.
Stone Creek Ranch offers what the listing describes as the ultimate in “privacy, security, and exclusivity,” which no doubt served as a major draw for an actor with global fame.
“Privacy, security, and exclusivity remain the primary reasons why billionaires and global icons continue to choose Stone Creek Ranch, a haven where world-class design meets complete discretion,” it read.
Meanwhile, Palazzo di Lago was described as an “architectural masterpiece and a rarefied offering that embodies the pinnacle of luxury living in South Florida.
“This Italian contemporary estate is one of the most distinguished and impeccably executed residential compounds in the United States,” it added. “Inspired by the tranquil glamour of Lake Como and infused with the seductive allure of Bond’s Casino Royale, this Italian contemporary masterpiece is an ode to elegance, privacy, and security.”
MORE NEWS: Inside Roseanne star’s property empire[5]
“This Italian contemporary estate is one of the most distinguished and impeccably executed residential compounds in the United States,” the listing stated. Daniel Petroni via realtor.com
One of the more unique amenities in the home is its hidden cigar lounge, which boasts an advanced air purification system. Daniel Petroni via realtor.com
Known as Palazzo di Lago, the home was described as an “architectural masterpiece and a rarefied offering that embodies the pinnacle of luxury living in South Florida.” Daniel Petroni via realtor.com
A self-confessed fitness fanatic, Wahlberg would have been particularly impressed by the home’s wellness wing.
This area features a fully equipped gym, sauna, and massage room, opening effortlessly to a private tennis court and a massive saltwater lagoon pool holding 170,000 gallons of cascading, crystal-clear water.
One of the more unique amenities in the home is its hidden cigar lounge, which boasts an advanced air-purification system.There is a separate guesthouse ideal for use by staff or visiting family and friends.
The acquisition follows another monumental property transaction for Wahlberg just months prior.
MORE NEWS: Bulls, NBA legend Luc Longley lists William Bay sanctuary for $4.5m[6]
In June, Paris Hilton snapped up a Beverly Hills abode with an illustrious Hollywood history – splashing out a staggering $63.1 million to buy Wahlberg’s former estate. Realtor.com
He offloaded his illustrious Beverly Hills estate to fellow celebrity Paris Hilton, who splashed out an astonishing $97.4m (US$63.1m) for the sprawling property.
Wahlberg had originally purchased the land for a comparatively modest $12.7m (US$8.25m) in 2009, commissioning famed architect Richard Landry to design the opulent abode.
The actor had resided there with his family until 2022, when he announced his relocation to Nevada, seeking “a place where my kids can flourish and pursue their passions,” he told People, adding during an appearance on “The Talk”: “To be able to give my kids a better life and follow and pursue their dreams, whether it be my daughter as an equestrian, my son as a basketball player, my younger son as a golfer—this made a lot more sense for us.”
References
- ^ www.realtor.com (www.realtor.com)
- ^ www.realestate.com.au (www.realestate.com.au)
- ^ www.realcommercial.com.au (www.realcommercial.com.au)
- ^ www.realestate.com.au (www.realestate.com.au)
- ^ www.realestate.com.au (www.realestate.com.au)
- ^ www.realestate.com.au (www.realestate.com.au)