Sylvester Stallone has placed his Beverly Hills mega-mansion on the market for a whopping $130 million, it’s been reported.
The three-time Oscar-nominated actor has decided he wants to leave Los Angeles and relocate to Palm Beach, Florida, with his wife Jennifer Flavin, as per the New York Post.
Stallone brought the property back in the '90s for an undisclosed amount but has since customized it with the expansion of another 21,000 square foot home on his estate. The tax bill alone is said to be more than $125,000.
The primary home boasts an incredible 8 bedrooms, 12 bathrooms, and a private movie theater, while the nearby two-story guesthouse overlooks the spectacular views of the canyon and city lights.
In addition to all this, Stallone’s Beverly Hills home likewise accompanies a colossal glasslike pool, a spa, and a carport large enough to store more than 10 of his extravagance vehicles.
What’s interesting about the "Rocky" star’s asking price is that the most expensive home ever sold in Beverly Hills was $40 million, so for the father of five to be asking for $130 million for his property may seem exceedingly aggressive.
Still, with all the customizations and additional costs that came with further construction work in the past two decades, sources say it wouldn’t come as a surprise if Stallone does end up selling his home for the jaw-dropping sum.
His mansion is at present the second most expensive home in the neighborhood; aviation leasing billionaire Steven Udvar-Hazy’s 30,000 square foot estate not too far down the street has been on sale since 2018.
Its initial asking price went from $180 million two years ago to $165 million.
And if Stallone’s home wasn’t impressive enough, getting cozy with the stars wouldn’t be all that hard since the likes of Justin Bieber, Hailey Baldwin, Mark Wahlberg, Denzel Washington, and Diddy are just some of the high-profiled celebs who live just minutes away from the 74-year-old.
Putting the mansion on sale comes as no surprise since Stallone and his wife spent another $35.4 million at the end of 2020 to secure their Bermuda-style home in Palm Beach, Florida where the landscaped grounds alone are already taking up 1.5 acres of land, the Dirt reports.
With seven rooms and 12 restrooms across the primary house, alongside two guest homes, an outside cabana, and a huge wellness room, Stallone and his family will have all the space they need while soaking up the sun in their tax-friendly area.