Actor and entrepreneur Mark Wahlberg has purchased a lavish $37 million lakefront estate in Florida’s exclusive Stone Creek Ranch, a move that highlights the surging luxury real estate market in the Sunshine State. The sale is one of several high-value transactions in the region, underscoring a strong demand for premium properties.
Key Takeaways
- Mark Wahlberg acquired the "Palazzo di Lago" estate for $37 million.
- The property is located in the exclusive Stone Creek Ranch community, known as "Billionaires’ Row."
- Florida’s luxury real estate market is experiencing significant growth, with other high-value sales occurring.
Wahlberg’s New Estate
Wahlberg and his wife, Rhea Durham, are now the owners of "Palazzo di Lago," an 18,000-square-foot Italian-inspired mansion situated on 2.5 lakefront acres within Stone Creek Ranch, west of Delray Beach. The gated community is renowned for its privacy and exclusivity, attracting high-net-worth individuals, including New York Mets owner Steve Cohen.
The estate, which was renovated by developer Aldo Stark, features seven bedrooms, 10 bathrooms, a home theater, a wellness wing with a gym and sauna, a saltwater lagoon pool, and a tennis court. The purchase price included several million dollars worth of furniture, with the property’s recorded sale price at approximately $32.6 million.
This acquisition marks Wahlberg’s latest move, having previously relocated his family from California to Las Vegas in 2022. His former Beverly Hills mansion was sold to Paris Hilton for $63 million.
Florida’s Luxury Market Surge
Wahlberg’s purchase is indicative of a broader trend in Florida’s luxury real estate sector. Stone Creek Ranch itself has seen significant activity, with other properties fetching high prices. For instance, a "Ferrari House" in the area sold for $50.5 million, and an oceanfront lot in Palm Beach recently traded for $58 million.
The appeal of Florida’s luxury market is attributed to factors such as privacy, security, and access to high-end amenities. The state continues to attract affluent buyers seeking exclusive enclaves and premium properties, contributing to a robust market for multi-million dollar estates.
Sources
- Mark Wahlberg paid $37M for a Florida estate, New York Post.
- Mark Wahlberg drops $57m on Florida mansion in Billionaires Row, Real Estate.
- Mark Wahlberg Buys a Florida Mega-Mansion for $37 Million, Robb Report.
- Stock Development sells home lot on ocean in Palm Beach, The Business Journals.