Knock Out Deal

21.01.22

Adele has made a below asking price offer to buy Sylvester Stallone’s extravagant 90210 estate. While the deal has not yet closed — Adele is reportedly still mired in the inspections phase of escrow — the star has reportedly agreed to pay around $58 million for the house. Once she signs off on the inspection reports and removes any other contingencies, the internationally mega-famous songstress should be able to close on her new home.

Real estate sources have publicly characterized the $58 million purchase price as a “steal,” due to fact that the property was last offered at $80 million, and Stallone originally wanted $110 million for the home.

Beverly Park is known for being an ultra-exclusive gated community in the mountains above Beverly Hills. The enclave is particularly known for its many huge mansions — a few of which span 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. If the Stallone – Adele sale is completed for anywhere near the reported $58 million, it will rank as the most expensive Beverly Park estate ever sold.

Only one other Beverly Park house has ever traded for more than $40 million. Last year, a sumptuous Mediterranean-style estate sold for $51 million at auction. It is however, worth noting that the auctioned property is significantly grander than the Stallone estate, both in interior square footage and property acreage, with 28,660 square feet of living space and nearly 10 acres to Stallone’s 15,401 square feet and 3.5 acres. The auction winner paid less than $1,800 per square foot for their prize, while Adele is shelling out a lofty sum of nearly $3,800 per square foot.

Yet, the Stallone property has some notable amenities that many other Beverly Park homes lack. It’s one of the most private properties in the community, secreted at the very end of a “hidden” cul-de-sac, and down an exceptionally long gated driveway, far from neighbouring homes. It’s also one of the few local estates with an infinity pool overlooking spectacular city views, features that certainly plump up its value. The interiors were recently given a thorough renovation overseen by Stallone himself.

The lengthy driveway dead-ends at a motor court shaded by mature trees. The formally grand landscaping — manicured boxwood hedges, rolling lawns and Italian cypresses — will surely impress guests. The main house, a palatial Mediterranean-style pile, was custom-built in 1994 for Stallone. The two-story guesthouse was more recently added and designed by mega mansion specialist Richard Landry.

Inside, the interiors are a mix of tried-and-true L.A. mansion motifs — huge Palladian windows, French doors galore — and colourful furnishings, appropriate for a home owned by a colourful Hollywood icon. The kitchen is essentially all-new and features two enormous islands. Floor-to-ceiling walls of glass overlook the unspoiled hills surrounding Franklin Canyon.

One of the most decadent rooms on the premises is the cigar lounge, which has a wet bar and Vegas-style backlit cabinets. The office is more like an oversized trophy case, covered in memorabilia of Stallone’s illustrious career. The private movie theatre featuring tiered seating, plush curtains and a notably elaborate fireplace.

It appears Stallone may have recently replaced all or some of the estate’s rolling lawns with drought-tolerant AstroTurf. Tall redwoods add privacy and look stunning. Out back is the infinity pool, plus a spa, Baja deck for sunbathing and even a putting green.

Over the past decade or so, Adele, the internationally famous songstress, reportedly made an impressive $400 million. She’s invested well in real estate, acquiring a three-house, $30 million compound elsewhere in Beverly Hills.