Drake and Adele made big buys, headlining a week loaded with scoops in this week's rundown of Southern California real estate.
That was Southern California’s priciest sale of the year, but it’s 47% shy of his original price tag of $110 million.Stallone had been shopping it around for more than a year, first listing it in January 2021. With no takers, he slashed the price to $80 million in October.
For the last year, Drake has been scouring the Southern California real estate market for a new home, and it appears he has found one. The price tag is a reflection of the prized property’s rare combination of size and scale, which is unmatched in the Beverly Hills Post Office area. The trophy estate spans 20,000 square feet on more than 20 acres; for reference, there is no other home on the market in the 90210 ZIP Code with even close to that much land.
For the last three decades, Dick Marconi has been crafting a private paradise in the hills of San Juan Capistrano, filling the 1,225-acre ranch with houses, animals, statues and any other amenity that came to mind.Marconi made his fortune through the multilevel marketing giant Herbalife, creating the nutritional company with Mark Hughes in the 1980s and supplying the brand’s lines of supplements, vitamins and weight-loss products.
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