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Madonna's Mansion: A $7.5M Profit Flip
20 Sep
Summary
- Madonna bought Beverly Hills estate for $12 million in 2003.
- She sold the expanded property for $19.5 million in 2013.
- The singer made a $7.5 million profit on the sale.
Madonna's Beverly Hills estate underwent a significant metamorphosis during her ownership. The pop icon initially acquired the property for approximately $12 million in 2003. Over the subsequent decade, she invested in extensive renovations and expansions, transforming it into a sprawling 17,000-square-foot compound.
The estate, situated on about 1.25 acres, boasted nine bedrooms and two guesthouses. It also featured a swimming pool and tennis court, alongside a screening room, gym, and art studio within the main residence.
In 2013, nearly ten years after purchasing it, Madonna listed the estate for $22.5 million. She ultimately sold the property in October 2013 for $19.5 million. This sale marked a $7.5 million profit on her initial $12 million investment, concluding her ownership of the significantly enhanced residence.