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Wednesday, May 18, 2022

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Madonna has ‘flipped’ her Los Angeles mansion for a potential profit of R105m

Madonna has listed her Hidden Hills home for R408 million. Photo: Reuters/Neil Hall

Madonna has listed her Hidden Hills home for R408 million. Photo: Reuters/Neil Hall

Published Apr 25, 2022

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Durban – It seems that we are indeed living in a material world, especially when Madonna is selling her Los Angeles home for almost $7 million more than she paid for it just a year ago.

She is, however, said to have made some upgrades to the interior, which may justify her asking price of just under $26m.

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The ‘Material Girl’ hit-maker has put her Hidden Hills pad on the market after purchasing it from The Weeknd in April last year for $19.3m (about R303m). The guide price is $25.995m (about R408m), according to Multiple Listing Service.

The property sits on three acres and includes a barn that hosts a freshly built gym complete with a dance and pilates studio, and a two-bedroom guest house. The 1 160 square-metre home boasts 11 bedrooms and includes a number of amenities, such as a cinema, music room and an indoor/outdoor bar.

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Seven of the bedrooms are en-suite and the primary bed chamber includes two closets, a steam shower, and a stone bath. The property also had a climate-controlled glass wine cellar, a theatre room and a five-car garage when Madonna purchased it.

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The outside of the property includes a driveway surrounded by olive trees, a regulation basketball court, an al fresco kitchen, and a zero-edge salt water pool complete with a 10-person hot tub.

The home was built in 2017, and purchased by the ‘Blinding Lights’ hit-maker, The Weeknd, for $18.2m (about R285.5m). He lived there for four years before listing the home for sale in 2020 for $25m (about R392m) in 2020, but after 10 months on the market, Madonna purchased it for $5.7m (about R89.4m) less.

Madonna is again working with Trevor Wright of the Beverly Hills Estates, who assisted her in buying the mega mansion.

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If she gets her asking price it will make her property the most expensive sale in Hidden Hills so far this year.

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