Only a bit over two years in the past, again on December 2, 2019, The Weeknd purchased a penthouse in Los Angeles for $21 million. On the time, I used to be admittedly slightly shocked that The Weeknd might afford to purchase a $21 million penthouse whereas additionally nonetheless proudly owning a mansion within the suburbs that was price roughly the identical (extra on this home on the finish of the article). I’ve since realized to not under-estimate (actually) The Weeknd’s wealth and urge for food for ridiculous actual property.
The Weeknd’s penthouse spans 8,000 square-feet with 4 bedrooms and eight loos. The constructing is positioned within the LA city of Westwood, however simply barely. In case you flip proper as you exit the constructing’s driveway you might be nearly instantly crossing into Beverly Hills. In reality, The Weeknd’s penthouse seems proper out on the Los Angeles Nation Membership, a 320-acre 36-hole, extraordinarily unique golf membership proper within the coronary heart of Beverly Hills.
Simply past the golf course, The Weeknd’s penthouse overlooks Holmby Hills, house to the Playboy Mansion and a pair dozen extra estates which are price $100 – 200 million a bit.
And simply past the golf course, The Weeknd’s penthouse overlooks Bel-Air, yet one more unimaginably rich zip code dotted with unbelievable mansions.
And talking of Bel-Air mansions, if The Weeknd squints actual exhausting he would possibly have the ability to see the 33,000 square-foot Bel-Air mansion he purchased for himself back in August 2021 for a cool $70 million. Door-to-door, it might be a roughly 13 minute drive from his penthouse to his mansion.
Between these two properties alone, The Weeknd’s $91 million actual property portfolio is presently incurring an annual $900,000 property tax invoice to the state of California. That invoice would require round $2 million in pre-tax earnings. That is round $167,000 per 30 days.
Even for a man who has a net worth of $200 million, it does not make a ton of sense to personal a $21 million penthouse 13 minutes away from a 33,000 square-foot, $70 million mansion. And promoting the penthouse would scale back that property tax invoice by roughly $200k a yr, which is not nothing. So not surprisingly, that penthouse did certainly hit the market on Friday.
The Weeknd is seeking to rating a $1.5 million achieve along with his present asking value of…
I wasn’t capable of finding any video excursions of The Weeknd’s penthouse however the video beneath shall be a extremely good proxy, besides half the scale.
The video beneath reveals unit in the identical constructing that is precisely half the scale by way of sq. toes, bedrooms and loos. This unit is one quarter of a flooring whereas The Weekend’s takes up half a flooring. However, from my tough triangulation, this unit shares the very same view as The Weekend’s penthouse.
In order you are watching, think about this, however occasions two:
Did you see the tub within the grasp lavatory on the 1:40 mark??? Perfection.
Listed below are some enjoyable information about The Weeknd’s penthouse:
The month-to-month HOA is over $8,000
The constructing has a health club, salt water pool, 24/7 safety and a helipad on the roof
The Weeknd’s main LA actual property strikes date again to June 2017 when he paid $18 million for the next property out within the suburb of Hidden Hills:
Prior to buying his Hidden Hills mansion he was paying $60,000 per MONTH to lease a New York Metropolis residence.
In April 2021 he sold the Hidden Hills mansion for $20 million. The purchaser was Madonna.