Maroon 5 frontman Adam Levine and his mannequin spouse Behati Prinsloo have made a profitable enterprise out of shopping for and shortly turning round massive residences for first rate income over the previous few years. Their newest acquisition, as first noticed by Grime.com, is a mansion in Montecito, California that when belonged to actor Rob Lowe and his spouse Sheryl Berkoff.
The property boasts 10,000 sq. ft of house, with six bedrooms and eight and a half bogs in the primary home. Then there’s the visitor home, with one other two beds and two baths, plus a one-bed/one-bath pool home, all on an virtually 3.5-acre lot. And the Levine-Prinsloo pair have bought the entire unfold for a formidable $52 million.
The entire property, which is named Oakview, was designed by architect Don Nulty as commissioned by the Lowe. Rob and Sheryl started development in 2009, accomplished in 2012. They then put it up on the market in 2018. It took them two years to discover a purchaser. That purchaser was healthcare govt Jack McGinley, who bought Oakview in October of 2020 for $42 million.
Here is how Oakview was described in official advertising and marketing supplies when Lowe put it up on the market in 2018:
“Oakview is an exceptionally crafted, painstakingly realized instance of basic, East Coast-inspired American structure infused with numerous modern facilities and beautiful customized particulars. A legacy property set proudly on 3.4 sublimely manicured acres, this two-story, 6-bedroom, 11-bath property with a 2-bedroom visitor home and a pool home with a bed room and kitchen, sits within the picturesque foothills of the Santa Ynez Mountains and boasts horizon views of the brilliant blue Pacific and the Channel Islands…Solely the best in supplies have been utilized to create design touches, together with vaulted ceilings, gleaming hardwood flooring, detailed handmade crown moldings, customized architectural millwork, and view-framing bay home windows.”
Since then, McGinley might need made some modifications of his personal to the property, however no matter they may be is not a matter for public scrutiny but, because the deal between he and Levine was apparently all dealt with privately and off-market. You possibly can check out it within the video beneath, from the Sacramento Bee:
Given Levine’s actual property habits of late, it is protected to imagine he is planning to flip this mansion very similar to he and Prinsloo have accomplished a number of occasions with different lavish properties through the years.
In 2019 they offered a Beverly Hills mansion to Ellen DeGeneres for $42.5 million lower than a yr after they purchased it for $33.9 million.
Then, in 2021, they took simply three months to flip a five-acre Montecito estate for a revenue of just about $6 million!!!