Real estate can be a challenging industry, especially during the holiday slump. Sometimes it’s nice to fantasize about million-dollar listings and celebrity real estate deals. Here are some of the biggest high-profile transactions from 2018. Spoiler alert: Some of these celebs lost big!
Judge Judy Picks Up a Newport Mansion
Did you know that Judge Judy is the highest-paid person on TV? You have to wonder if she used her famous courtroom skills to negotiate a deal on her stunning Newport, RI, mansion (pictured above).
The 9000-square-foot estate, with its traditional New England architecture and resplendent 4 acres of land, was originally listed for $15.75 million. Judge Judy paid $9 million for the idyllic property.
Drake’s Canadian Playground
Rapper Drake made a major purchase this year when he bought a $6.7 million dollar property in Toronto. The Canadian native tore down the existing home on the 2-acre lot and is built a massive estate in its place. We’re talking about 21,000 square feet, a personal gym and swimming pool, and indoor basketball court, and a room that is literally just for snacks.
Do you think he’d let is visit?
Moby Turns a Profit by Selling to Another Celebrity
It makes sense that the rich and famous sometimes buy each other’s properties. After all, there aren’t that many people in the world who can afford a multi-million-dollar home. That’s exactly what happened when Leonardo DiCaprio bought musician Moby’s gorgeous Los Feliz Tudor property.
The Oscar-winning actor bought the house for $4.9 million this year–about $400,000 more than Moby originally paid for it.
Warren Buffett’s Long-Term Investment
Surprisingly, Warren Buffet is on the list of real estate losers this year. He struggled to cell his Newport Beach home for almost 2 years and ended up having to shave nearly a third off the asking price before the California property finally sold.
But before you feel too sorry for the Berkshire Hathaway mogul, know that he still managed a tremendous return on investment. He bought the home way back in the 1970s for $150,000… and just sold it for $7.9 million!
Adam Levine: Real Estate Mogul in the Making?
Fronting a popular band and a reality TV show seems like it would keep Adam Levine busy, but he still found time to close on three different real estate transactions this year.
He and his wife, model Behai Prinsloo, sold two California homes this year–one for just under $16 million (to fellow musician John Mayer), and another for $18 million. Levine also snagged a gorgeous 1930s mansion in Beverly Hills for $35.5 million in an off-market deal.
