Celebrity Real Estate: Drake Purchases Old Lion Manor in Hidden Hills
Hip hop artist and actor Drake, real name is Aubrey Drake Graham, has purchased a massive mansion in the Hidden Hills area of the San Fernando Valley for $7.7 million on July 6, 2012 according to the fine folks at Trulia Luxe Living. Drakewas formerly renting this home for roughly $45,000/month according to the In Flex We Trust site.
Drake is known for playing "Jimmy Brooks" on the TV show series Degrassi: The Next Generation. He later turned his efforts towards rapping signing a recording contract with Lil Wayne's Young Money Entertainment in 2009. He has also collaborated with several hip hop artists like Kanye West, Eminem, and Jay-Z and has been nominated for several Grammys.
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The home measures either 7 Beds/9 Baths on 7,444 sqft or 6 Beds/10 Baths on 12,500 sqft according to two different sources. The home was originally built in 1974 on 2.92 acres. Almost every amenity is included with this purchase including an 80' slide, grotto, waterfalls, mechanical bull, commercial bathrooms, a spa with massage room, chessboard with life-size pieces, etc. Here is the listing:
THE Ultimate Hidden Hills Compound Estate! A World Class private resort like no other! Purchased in 2003 for land value only, the owner spent 4 years rebuilding and constructing this one of a kind masterpiece. No expense spared on interior appointments and all new exterior grounds. A new waterworld multi-million dollar pool boasts cascading waterfalls, 80' slide, grotto and more. Other exterior features include N/S Tennis court, 5 stall horse facilities with riding area, sand volleyball court, commercial bathrooms, mechanical bull, viewing pavilions and more. The all new interior appointments are second to none boasting unparalleled quality for the most discriminating buyer. 24 seat theater, game room, spa/massage room, master with his and hers bathrooms, and the most spectacular wine cellar/tasting room you have ever seen. This is the most unique and awe inspiring estate on the market!!!
The home was previously owned by Lawrence Pollack who started the Saddle Ranch Restaurant chain. He purchased this home for $2,775,000 on October 23, 2003 and appeared to have modified it significantly to his liking by adding a mechanical bull for instance that has become a trademark at his restaurants. Based on the sale to Drake, Lawrence Pollack will earn a profit of $4,925,000 which doesnt take into account taxes, commissions, any other related expenses, and probably at least $1 million to renovate the home.
Prior to the sale to Drake, Pollack had been trying to sell the home since 2009 for the staggering sum of $27.5 million which was listed on and off again throughout 2009 and 2010 for the much reduced asking price of $10,800,000.
Lawrence Pollack purchased this home from William Peter Blatty who is famous for writing the novel The Exorcist as well as the screenplay version on December 31, 1990 for an unknown price that appears to be at least $1 million according to property records.
Other celebrities with recent real estate transactions or listings in Hidden Hills include the following:
- Billy Blanks (Tae Bo) who recently sold his mansion for $7.3 million.
- Ron Tutor (Construction) who previously leased to Britney Spears and is currently available for less than $10 million.
- Beau Bridges (actor) who is trying to sell for under $3 million.
- Tamar Braxton and Vincent Herbert (music) who recently purchased for close to $7 million.
- Ozzy and Sharon Osbourne (music/reality) who are trying to sell for close to $13 million.
- Taylor Hawkin's (Foo Fighters music) purchase of a former Howie Mandel mansion for $2.7 million.
- Morris Chestnut's short sale for $2.3 million.
- Dwayne "The Rock" Johnson's (wrestling/acting) who recently sold for $4 million.
- Also, the Kardashians/Jenners live in this area.
You can view more SFV Celebrity Real Estate here.
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Marty Mcfly
Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.
Drake ur to fancy i love u drake drake i hope u got this note
ReplyDeleteHey wat up drake wat u doin right now homie its tra tra text back please im dying to meet u
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