Drake Drops $4.5 Million on Third Hidden Hills Estate (EXCLUSIVE)
By Mark David
LOS ANGELES (Variety.com) – Drake, who hauled in an estimated $94 million in 2017, according to the celebrity bean counters at Forbes , has solidified his property gossip status as an up-and-coming real estate baller, we first heard from real estate yenta Yolanda Yakketyyak, with the $4.5 million, off-market purchase of a remarkably unremarkable ranch style residence next door to his already sprawling, multi-residence compound in the guard-gated Hidden Hills community in L.A.’s affluent far western suburbs. This is the teen actor turned 35-time Grammy nominated music industry phenom’s third acquisition in the heavily celebrified enclave where he now owns all three of the contiguous estates that pin wheel around the end of a short cul-de-sac and together encompass 6.7 acres.
Built in the mid-1950s and updated over the years in a drab, not particularly upscale fashion, the brick-accented single-story house has three bedrooms and 2.5 bathrooms in 2,449-square-feet. There are classic if slightly old-fashioned diamond paned windows, vaulted and exposed beam ceilings, a perfectly ordinary and outdated galley-style kitchen with white ceramic tile countertops and a living room anchored by a massive antique brick corner fireplace that cleverly incorporates a cushioned built-in bench. Described as a “mini-Ponderosa” in digital marketing materials from 2017, when the property was briefly made available as a rental at almost $8,000 per month, the two-plus acre spread includes a mix of redwood pine, citrus and pomegranate trees.
The three-time Grammy winner first purchased property in the equestrian oriented community in 2012 when he shelled out $7.7 million , in cash, for what he now calls the YOLO Estate , a more than 12,000-square-foot residence and party pad on almost three acres with a nearly 2,000-square-foot master suite behind a hidden door concealed in a bookshelf. Designed more for large-scare entertaining than quiet solitude, the estate’s grounds offer a plethora of recreational options including a tennis court that doubles as a basketball court, a sand volleyball court and an extravagant, lagoon-style swimming pool complete with spa grotto, several remote-controlled waterfalls, an 80-foot water slide and a swim-up bar. expanded his Hidden Hills holdings over the summer of 2015, coughing up $2.85 million for a neighboring, 1.6-acre spread and its fully updated 1950s ranch-style residence that, at the time of the sale, was configured with four bedrooms and five bathrooms in 4,445-square-feet plus an 800-square-foot detached guesthouse.
With a deep-pocketed penchant for an excessive lifestyle of private jets and humongous homes, the mononymic Canadian music industry hyphenate, who goes by “ Champagne Papi ” on his Instagram account and collects shockingly expensive Hermès Birkin bags , he says , for his future spouse, has long maintained a solid real estate foothold in Toronto. He’s temporarily shacked up in a glass-walled condo on the 52 nd floor of a downtown high-rise while he completes construction on a custom-designed, ultra-luxe megamansion in the ritzy Bridle Path neighborhood. In 2016 Drake reportedly paid $6.7 million for mid-block parcel along a leafy street lined with large, gated homes and engaged the services of designer/builder Ferris Rafauli to conjure a colossal, conspicuously opulent chateau-style palace of more than 35,000-square-feet that will reportedly contain : a room to display Drake’s mounting industry awards and another to display his collection of basketball memorabilia; a snack room — that’s exactly what it sounds like, a room filled with snack foods; a state of the art fitness and spa complex with indoor swimming pool and indoor basketball court; a subterranean entertainment suite and bar with separate, dedicated refrigerators for beer and champagne; and, natch, a combination professional screening room and music lounge for impromptu home concerts.
Listing photos: via Trulia
