Just a year after buying a Beverly Crest compound for $75 million, Drake is putting the home back on the market for $88 million.
on a mega-mansion in Beverly Crest, the rapper has put it back on the market with an even bigger price tag: $88 million.
It’s a surprising move for the hip-hop star, who spent over a year scouring the Southern California market in search of the perfect estate. He eventually settled on the home of singer-songwriter Robbie Williams, and the $75 million he spent was more than double the $32.67 million that Williams paid for it in 2015.
If Drake gets his price, it’ll be Southern California’s priciest home sale so far this year and a shot in the arm for , which has slowed significantly since Measure ULA went into effect in April, bringing a hefty transfer tax to L.A. property sales above $5 million.Since the compound is found in Beverly Crest — an affluent enclave above Beverly Hills, but technically in the city of L.A. — it’ll be subject to the transfer tax when it sells. At $88 million, the sale would raise $4.84 million for affordable housing and homelessness prevention efforts.
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