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      Patriots Owner Robert Kraft Just Snapped Up Palm Beach’s Most Expensive Condo for $23.7 Million

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      When Robert Kraft bought the New England Patriots for $172 million nearly three decades ago, he set a league record. Now, the billionaire owner has made history yet again—this time in the real estate realm—with the purchase of a new penthouse in Palm Beach. 

      Kraft recently dropped a whopping $23.7 million on an oceanfront condo in South Florida, making it the priciest pad to ever sell in the ritzy island enclave, according to the Wall Street Journal. For context, that’s about $3 million less than the original asking price when it was first listed in September. The swanky seaside digs span roughly 5,000 square feet and comprise four bedrooms, five-and-a-half baths, plus a 1,300-square-foot wraparound terrace.  

      New England Patriots owner Robert Kraft bought a $23.7 million penthouse in Palm Beach, Florida

      Living Proof/The Corcoran Group

      Prior to Kraft acquiring the abode, the apartment belonged to oil tycoon Erving Wolf and his wife, Joyce. The couple bought the condo back in 2000 for a modest $6 million, one of only a few penthouses sited directly on the beach. Before Erving passed away in 2018, and Joyce in 2022, they tapped their daughter-in-law, renowned American architect and sculptor Maya Lin, to renovate the home. Lin, whose best known for designing Washington’s Vietnam Veterans Memorial, gave the residence a modern and contemporary refresh. Most notably, she added natural wood, stone and limestone to mirror the color of the ocean. 

      Kraft set a new real estate record when he purchased the area’s most expensive condo

      Living Proof/The Corcoran Group

      “The apartment when we first saw it had potentially wonderful views to the water but was partitioned off by a more traditional separation of formal rooms,” Lin told the WSJ in September. Inside, you’ll find soaring floor-to-ceiling windows, walnut floors and large glass doors that lend a bright and airy feel to the open layout. Elsewhere, there’s a library, dining room, kitchen and a large living area. Considering the couple were avid art collectors, the foyer, which serves as a mini gallery, is where Kraft can now freely hang his own blue-chip works—or, of course, showcase his six Super Bowl trophies.

      Click here to see all the photos of Robert Kraft’s Palm Beach penthouse.

      Living Proof/The Corcoran Group More

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      Sylvester Stallone’s Equestrian Estate in California Hits the Market for $22.5 Million

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      Sylvester Stallone has gone from embodying a heavyweight boxer to becoming a real-life house flipper. Luckily, his real-estate endeavors have been anything but rocky.  

      Earlier this year, the Academy Award–winning actor dropped $18 million on a roughly two-acre compound in the San Fernando Valley. That is, after he and his wife, Jennifer Flavin, sold their longtime Beverly Park estate to singer Adele. Now, Sly is unloading that same California dude ranch he bought back in March, but this time, it’s on the market with an even bigger price tag—a whopping $22.5 million. 

      The Hamptons-style residence, designed by Martyn Lawrence Bullard, is set at the end of an exceedingly private cul-de-sac inside the celeb-studded, guard-gated community of Hidden Hills. The property includes an amenity-packed main pad, a separate guest house and a large swimming pool with its own spa and cabana. If you’ve got a passion for horses like the Tulsa King star and equestrian enthusiast, there’s also a four-stall barn and a riding arena. Elsewhere, the grounds include an outdoor kitchen, a sprawling fruit orchard and vegetable gardens.  

      Built in 2015, the main house and guest dwelling total more than 10,000 square feet and offer four bedrooms and six and a half bathrooms altogether. A swanky media room and gym are a few of the interior highlights; consider the library and wine cellar to be added perks. Stalone’s stately abode also has an open-concept chef’s kitchen with granite countertops and a formal dining area. The spacious living room has been decked out with a fireplace, vaulted wood-beam ceilings and sliding glass doors.  

      Of course, the primary bedroom is as opulent as one would expect. There’s a sitting area, not one but two walk-in closets, a private balcony and an en suite bathroom with a soaking tub and a steam shower. The Hollywood icon is reportedly ditching his digs to spend more time in Florida where he has a property in Palm Beach. Or perhaps he’s just on the hunt for his next home improvement project.  

      Jordan Cohen of Re/Max One holds the listing.  

      Click here to see all the photos of Sylvester Stallone’s Hidden Hills home.  More

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      Nicki Minaj Buys Hidden Hills Home For $19.5 Million

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      Rear Exterior

      Rear Exterior
      LOCATION: 5510 Jed Smith Road, Hidden Hills, California
      SQUARE FOOTAGE: 11,820
      BEDROOMS & BATHROOMS: 8 bedrooms & 11 bathrooms
      PRICE: Bought for $19,500,000 on 12/16/22
      Rap superstar Nicki Minaj has just purchased this California home for $19.5 million. Located at 5510 Jed Smith Road in Hidden Hills, the newly built modern farmhouse style home sits on an acre of land and features approximately 11,820 square feet of living space with 8 bedrooms & 11 bathrooms. More

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      The Late Tom Petty’s $9.8 Million Malibu Mansion Comes With Its Own Recording Studio

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       When Tom Petty wrote “I’m watching the water, watching the coast, suddenly I know, what I want the most,” the opening line of his song “Something Good Coming,” he was at his beach house in Malibu. Now, the late musician’s Southern California abode is ready to inspire someone new.

      Compass agent Chris Cortazzo, who originally sold the oceanfront compound to Petty as a vacation home back in 2010, has just put the property back on the market for $9.8 million. Sited on Escondido Beach, the 16,691-square-foot property comprises a two-bedroom main residence and a guest house that’s currently configured as a recording studio. It also comes with an oceanfront deck with steps that lead down to a 66-foot stretch of sand.  

      The guest house is set up as a recording studio.

      Mike Helfrich

      “When Tom first walked into the home, he just loved the essence and the spirit,” Cortazzo said in a press statement.

      The interior of Petty’s former pad is clad with wood—everything from the tall ceilings to the floors—which gives it the feel of a cozy cabin. The living quarters do incorporate the beachy surrounds, though, with walls of glass that look out to the water. There are also several outdoor spaces that embrace the seaside setting.

      “Tommy loved that the beach house was pretty much all original, built in 1950, with a cabin feel,” adds Petty’s wife Dana. “We spent a lot of time there with friends and family.”

      In the living room, you’ll find a large fireplace with a floor-to-ceiling brick chimney. It serves as a handsome divider between the lounge and the nearby kitchen. Elsewhere, the formal dining room has library shelving and a sliding glass door with access to that picturesque deck. “Tommy always had his recorder and guitar, as he was always writing and creating,” adds Dana. “I remember him writing so many songs there.”  

      The living room opens up to an oceanfront deck.

      Mike Helfrich

      Both of the main house’s bedrooms are located on the first floor. The primary suite is distinguished by a tiled fireplace, a spacious walk-in closet, a private beachfront balcony and a bathroom with a super large window for sea gazing. Downstairs on the lower level is a family room that can act as an office, recreational space or media center depending on your needs.

      As Petty famously wrote, “There’s somethin’ lucky about this place.” 

      Click here to see all the photos of Tom Petty’s Malibu beach house. More

    • 188 Shares189 Views

      in Luxury

      Ellen DeGeneres and Portia de Rossi Just Dropped $70 Million on a Santa Barbara Compound

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      Ellen DeGeneres and Portia de Rossi recently added yet another multimillion-dollar property to their real estate portfolio—and this time, it set a record. The couple’s newest California compound cost them a whopping $70 million, making it the most expensive deal in the history of Santa Barbara County. 

      DeGeneres and de Rossi’s side-by-side properties sit atop an oceanside bluff in Carpinteria and total about 10 acres. The two adjacent parcels are divided into a three-and-a-half-acre Tuscan-inspired farmhouse and a larger landscaped lot with open lawns and a small lake, reported Dirt. Together they dropped $41.7 million on the mansion and another $28.2 million on the mostly vacant land next door. The compound also includes its own private trail that leads to the beach down below.

      The opportunity to scoop these up comes from seller and retired hedge fund manager Bruce Kovner, who put his 22-acre oceanfront site on the market. Known as the Sanctuary at Loon Point, the property consists of two homes and three lots of land on Padaro Lane. DeGeneres and de Rossi now own one of those abodes, plus a parcel.  

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      Their stone-clad estate has five bedrooms and eight bathrooms spread across three levels and an impressive 9,066 square feet. Given its Italian influence, there are stone archways, exposed wood-beam ceilings, marble detailing and mosaic tiling throughout. Of course, the pad also has custom copper gutters and bronze windows and doors that were imported from Italy, reported Architectural Digest. Outside, there are Renaissance-style statues and olive trees akin to what you’d see in Tuscany and the roof has been constructed from terracotta. 

      Elsewhere, the great room is outfitted with a massive antique marble fireplace, and nearby, the chef’s kitchen has been decked out with state-of-the-art appliances, dual butler pantries and a large center island. There’s also a wine cellar and a swanky movie theater with leather recliners on the first floor. Upstairs, the primary suite sports two walk-in closets and a private spa terrace that overlooks the grounds. Speaking of which, the compound comes with a marble and mosaic-tile swimming pool, an outdoor kitchen and raised garden beds. In terms of entertainment, we’re sure DeGeneres and de Rossi will put the extra spa, several fire pits and a few alfresco dining areas to good use.    More

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      Trae Young’s New $20 Million LA Mansion Comes With a Safe Room and 800-Gallon Fish Tank

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      An NFL all-pro has handed his home over to an NBA all-star.

      Atlanta Hawks point guard Trae Young has bought the Los Angeles-area mansion built by the former Green Bay Packer great Clay Matthews, according to new reporting from The Wall Street Journal. Previously, the buyer had been unknown, but thanks to property records and people familiar with the deal, the Journal was able to find out that Young is the anonymous new homeowner.

      The living room

      Simon Berlyn

      The 14,000-square-foot Calabasas mansion was built by Matthews and his wife in the French Provincial style. The couple had initially planned for it to be their “forever home,” but they reconsidered their plans once Matthews was released by the Los Angeles Rams. Now Young gets to enjoy the (very plentiful) fruits of their labor.

      Along with its seven bedroom and all the usual accoutrements, the property has a host of amazing amenities. There’s a home theater, a wine cellar and a wood-paneled game room with a billiards table. On the more unusual side, a secret door in the library leads to a safe room and one of the walls features an 800-gallon saltwater aquarium (Matthews had originally wanted it to take up the whole wall, but he downsized at his wife’s request). A spokesperson for the listing told The Wall Street Journal in 2021, when the home was first listed, that the couple would consider parting with the fish along with the property. It wasn’t revealed whether Young had taken them up on the offer.

      The library, which houses an 800-gallon fish tank

      Simon Berlyn

      To full take advantage of LA weather, the outside of the house also includes some pretty incredible additions. Of course, given the athlete ownership, there’s a sports court, but there’s also a large pool, a goldfish pond, a rose garden, an orchard, a fire pit and a pergola. That gives you plenty of options for unwinding after a long workout or some time spent shooting hoops.

      The Matthewses purchased the land for the home for only $2.6 million in 2013. When they first listed the property, they were asking a cool $30 mil, but the price dropped a couple of times before Young bought it for $20 million. Given the fact that the baller currently plays for the Atlanta Hawks, it’s unclear whether this will be his forever home either. But it appears he has a new off-season abode.

      Click here to see all the images of 25314 Prado de la Felicidad. More