Dr. Dre bought this beach villa for $4.8 M in 2000, now its price is sky high
Dr. Dre, the renowned rapper, hitmaker, Beats founder, and all-around billionaire, is bidding farewell to his beachfront getaway of more than 20 years. The 57-year-old native of Compton is openly asking $20 mιllιon for the Malibu estate that his ex-wife Nicole Young once called home.
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Dre will still turn a healthy profit even if the mansion sells for much less than what he paid for it in 2000 ($4.8 mιllιon); in the 22 years afterwards, Malibu home values have risen. The three-story mansion is unique for several other reasons, including the fact that it is situated on a nearly 7,000 square foot property on Carbon Beach in Malibu, which has grown to be one of the most expensive areas of the city.
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This “contemporary beach estate” “exudes total luxury and sophistication,” according to the description. Built in the early nineties, the lavish home features floor to ceiling glass walls that flood every room with natural light and afford views of the river. Visitors are led from the entry via a tiny lobby into the spacious great room, which is perfect for entertaining.
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This room has a beautiful stone fireplace and sliding glass doors that open to a balcony that overlooks the beach, all of which are protected by gates, a courtyard-style entrance, and a sophisticated security system.
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A recording studio, a sizable gym, an executive office, a main bedroom featuring a sauna, a carpeted fireplace, a sitting area, a private balcony, a primary closet, and five guest bedrooms are among the other open-concept living areas. This home is among the larger ones on Carbon Beach, at about 9,000 square feet.
Dr. Dre has made previous attempts to sell his Malibu vacation house, which is located next to Nobu Malibu and was occupied by Nicole Young during the contentious divorce of the marriage. Ten years ago, the property along the Pacific Coast Highway was put up for sale for a brief period, with an asking price ranging from $11 million to $12.5 million.
In December, Dre filed for divorce from Young. It was said that he gave her a $100 million lump sum but kept all of their homes for himself, including the $40 million Brentwood estate he purchased from Gisele Bundchen and Tom Brady, the $40 million Malibu mansion, and two Calabasas mansions. According to Forbes, he currently has a $400 million net worth.