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Saturday, October 26, 2013

Madonna Sells Beverly Hills Mansion

l04703144-m0oThe ‘Material Girl’ has shed one of her biggest material possessions.
After selling a luxury duplex on the Upper West Side of Manhattan for $19 million in May, Madonna recently made another big score, parting ways with her Beverly Hills mansion. TMZ was first to report news of the transaction and Lauren Beale of the Los Angeles Times confirmed that Madonna has indeed sold the prized property.
Madge’s 17,000-square-foot palace was originally shopped privately last year as a pocket listing. It was offered publicly in July, debuting on the MLS with a price tag of $22.5 million — ultimately selling for $3 million less, at $19.5 million.
Details of Madonna’s mansion are scarce — even when the pop icon listed the home publicly, she did so without interior or exterior shots of the home. The realtor.com listing had a lone picture of the property, an aerial view showing the residence, its tennis court and pool.
The Times notes that the mansion was extensively expanded and updated during Madonna’s reign. The private celebrity compound sits on 1.25 acres, sheltered from the outside world behind a 500-foot tree-lined driveway and other mature foliage.
The home has nine bedrooms and 15 bathrooms, as well as a pair of detached guest houses. Highlights include a two-story dining room, a junior dining room, a chef’s kitchen, a full-size movie theater and screening room, and a pair of private offices, as well as staff rooms and designated assistant offices.
The multimillion-dollar sale comes just months after Madonna parted ways with the 41 Central Park West duplex she purchased with then-husband Sean Penn in 1985. Madge originally listed the six-bedroom, eight-bathroom co-op in Harperley Hall for $23.5 million. However, like her Beverly Hills mansion, the pop princess didn’t get her asking price —  she sold it to a hedge fund manager for a reported $19 million.
Kurt Rappaport of Westside Estate Agency and Barry Peele of Sotheby’s International Real Estate were the listing agents.
Original article found on Celebrity Real estate at Realtor.com

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