Madonna, the Queen of Pop, recently sold her stunning Hidden Hills mansion for an impressive $23 million. This lucrative deal marks another success for the savvy singer, who originally purchased the property from The Weeknd in 2021 for $19.3 million. The luxurious estate spans 3 acres, features 9 bedrooms and 11 bathrooms, and offers lavish amenities. The new owner is Korean crypto billionaire Kim Hyoung-nyon, adding a mere drop to his vast wealth. The sale was handled by Trevor Wright of The Beverly Hills Estates, highlighting Madonna's business prowess.
In an impressive real estate move, Madonna has successfully sold her stunning Hidden Hills mansion, and the iconic Queen of Pop is cashing in big time on the sale. According to sources, the estate fetched a staggering $23 million, solidifying Madonna's keen eye for lucrative property deals.
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Initially listed with a price tag of $26 million, the lavish mansion underwent a slight price adjustment to $23.5 million before finding its new owner. Negotiations managed to bring the final sale price down by half a million, sealing the deal.
Madonna's financial acumen continues to shine as she walks away with a substantial profit. As previously reported by TMZ, the pop sensation acquired the luxurious property from The Weeknd in 2021 for $19.3 million, demonstrating her knack for turning investments into lucrative returns.
Situated on a sprawling 3-acre plot, the estate boasts an impressive 12,500 square feet of opulent living space, featuring 9 bedrooms and 11 bathrooms. The residence offers an array of exceptional amenities, including a captivating glass wine cellar, a state-of-the-art theater, a dedicated music lounge (a must-have for the music icon), a sophisticated study, and a stunning infinity-edge saltwater pool that graces the backyard.
The new owner of Madonna's former abode is none other than Kim Hyoung-nyon, a Korean crypto billionaire and prominent figure on Forbes' list of Korea's 50 wealthiest individuals. Undoubtedly, the purchase of Madonna's former residence represents a mere fraction of his considerable fortune.
Handling the listing for this remarkable property was Trevor Wright of The Beverly Hills Estates, a well-known name in the luxury real estate industry. However, when approached for comment, The Beverly Hills Estates declined to provide any additional information.
Madonna's successful sale of her Hidden Hills mansion adds another chapter to her illustrious career, proving that her talent extends beyond the realm of music and into the realm of astute real estate investments.
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