Adele kicked off the new year in style by purchasing Sylvester Stallone’s Beverly Hills mansion for a cool $58 million. First listed for $110 million in January 2021, the price then dropped by almost half to $85 million in May before being snapped up by Adele at a reduced cost. With eight bedrooms and twelve bathrooms sitting on an epic 3.5 acres, the sprawling estate will have more than enough room for Adele, son Angelo, and boyfriend Rich Paul. Stallone recently moved to Florida.
The mansion screams opulence right from the offset with a grand motor court complete with oversized arched doorways granting entry into the home. Inside, the mansion has a modern feel with a charming Mediterranean theme. The cigar room, screening room, and custom bar makes the space ideal for entertaining. There’s also multiple seating areas with beautiful windows and french doors leading out to the backyard, which in turn offers outdoor lounge and dining areas, a putting green, and a stunning infinity pool with breathtaking city and canyon views.
On the second floor, the main suite features two bathtubs, sauna, steam room, and a spacious terrace. The mansion also features a fully-equipped home gym, office, art studio, eight-car garage, and living room views of the famous Rodeo Drive. High ceilings, columns, and elaborate lighting imbue a sense of opulence throughout the property. And that’s not all. There’s also a two-story guest house designed by architect, Richard Landry, who also designed Sugar Ray Leonard’s home in the Pacific Palisades and Gisele Bündchen’s and Tom Brady’s home in LA. It features a full chef’s kitchen and two en-suite bedrooms.
Affording Beverly Hills real estate
If you’re considering buying property in Beverly Hills, now’s a good time. Home prices in the city dropped by 40.3% in December 2021 compared to the year before, selling for a median price of $3.8 million. In fact, home purchases can be made more affordable by making smart financial decisions. An unspent holiday budget, for example, can instead be put towards your home loan. Lump-sum payments (no matter how small) can generally help shorten the lifespan of a loan and reduce overall interest paid.
Impressive property portfolio
Having developed an impressive real estate portfolio throughout her career, Adele is the proud owner of four Beverly Hills homes in total. In addition to her recent purchase, she also splashed out a $10 million home in July 2021 (previously belonging to Nicole Richie), as well as a $9.5-million, four-bedroom, six-bathroom mansion back in 2016 (complete with summerhouse and pool). And, after splitting from ex-husband Simon Konecki in 2019, Adele spent another $10 million on a new home for her and her son, so he could stay close to his father.