She’s rolling in the deep powder! Over the weekend, TMZ reported that Adele had made a low-profile offer to buy Sylvester Stallone’s lavish 90210 estate. While the deal isn’t closed yet – Adele is said to be still mired in the crucial full check phase of escrow – the star has agreed to pay somewhere in the region of $58 million for the star. home. Once she signs off on the inspection reports and rules out any other cases, the internationally renowned singer will be able to close in at her new home.
Real estate sources have publicly described the $58 million purchase price as a “steal,” which may seem a bit fanciful on the surface but actually makes sense when you consider that the property was last offered for sale. at $80 million, and Stallone originally wanted to shred $110 million for the site.
But is that price really a steal? We’re not quite sure. If the home closed for nearly $58 million reported, it would easily rank as the most expensive Beverly Park property ever sold. (Beverly Park, for anyone unfamiliar, is an extremely exclusive supervised community in the mountains above Beverly Hills. The area is especially known for its many giant mansions—a few of which are huge. which spans more than 30,000 square feet of living space.Current residents include Denzel Washington, The Rock, Justin Bieber, Magic Johnson, Mark Wahlberg and Sofia Vergara.)
Only one other home in Beverly Park has ever traded for more than $40 million. Last year, a lavish Mediterranean-style estate sold at auction for $51 million. But it’s worth noting that the property being auctioned is significantly larger than the Stallone estate, both in terms of interior and property size, with 28,660 square feet of living space and nearly 10 acres compared with 15,401 square feet and 3.5 acres of Stallone. (Auction winners have paid less than $1,800 per square foot for their prize, while Adele is spending a staggering $3,800 per square foot.)
However, the Stallone estate has some notable amenities that many other homes in Beverly Park lack. It’s one of the most private properties in the community, tucked away at the end of a “hidden” sewer, and located on a particularly long gated driveway, away from neighboring homes. It’s also one of the few local properties with an infinity pool with breathtaking city views, features that certainly increase its value. And to top it all off, the whole place was recently completely renovated by Rocky himself. Can’t put a price on that – right?
Either way, Adele can afford her extravagance. Over the past decade or so, the internationally famous female singer has grossed an impressive $400 million. She’s invested heavily in real estate, buying a $30 million three-house complex elsewhere in Beverly Hills.
Tomer Fridman of Compass, Jade Mills of Coldwell Banker and Kurt Rappaport of Westside Estate Agency shared the list.
This story first appeared on Dirt.com, where additional photos are available.