Hollywood celebrities usually make headlines due to their hit or flop films, their relationships, or literally anything they do. However, in 2018, these celebrities also made news due to their huge real estate purchases, and profits and losses from these purchases.
Many of these celebs broke the record with some of their biggest sales and Bruce Willis tops them all. He finally sold his 8,400 square foot ranch, which had been on the market for approximately 7 years, at a price of $5.5 million, which is also the biggest residential sale in 2018 in the Idaho area.
Biggest Celebrity Real Estate Sales Of 2018
Bruce Willis was not the only celebrity who broke the real estate records in different areas. Eli Manning also broke the real estate records in the Hoboken, New Jersey, area in April.
He sold his condo for $3.55 million, which still stands as the most profitable and expensive residential sale in New Jersey to this date.
Celebs Who Gathered The Most Profits
Real estate is a very profitable industry and people who invest in it are often rewarded with huge returns on investment.
Interestingly, 2018 was not only the year of biggest celebrity real estate sales but it was also the year of some of the biggest real estate profits which celebrities have earned through their multi-million-dollar residences.
Among these celebrities is the power couple David and Victoria Beckham, who sold their Beverly Hills Mansion for $33 million. This Beverly Hills mansion of theirs was more like a palace, with six bedrooms and ten bathrooms. They earned a whopping profit considering the fact that they bought this mansion for $18.2 million back in the year 2007.
Lindsey Vonn, Olympic athlete, also bagged a $100K profit from her Los Angeles house by selling it for $3.65 million while her Pacific Palisades house which she had purchased back in 1993 for $2.5 million was sold in 2018 for $8.8 million.
Even Matt Lauer, news anchor, hit a gold mine by the end of 2018 by successfully selling his apartment situated in the Upper East Side of New York for more than $7.35 million, which was the price he had initially asked for while listing his property on the real estate market.
Not Everyone Was Lucky
Although 2018 may seem like a great year for celebrity real estate as many real estate records were broken, however this does not mean that every celebrity was as lucky as the ones mentioned above.
Some celebrities had to deal with huge losses as well, like Adriana Lima, the world-renowned supermodel, who had to sell her New York condo for $3.3 million as compared to an asking price of $5.5 million.
Celebrities like Justin Timberlake, Jessica Biel, Tom Brady, and the billionaire media mogul Warren Buffett had no luck in real estate either last year, as they received a couple of million dollars less than their initial asking price. Out of all the unlucky celebrities, Lil Kim was the unluckiest, since his $2.3 million mansion was auctioned off with a starting bid of only $100K.
House Swaps Were A Trend
It was not surprising at all when celebrities wanted to swap homes with each other, as of course the living space can become somewhat boring and they can afford to trade multi-million-dollar houses with each other.
In 2018 we saw Ralph Lauren buying Edward Albee’s Montauk home and Kelly Osbourne buying Rooney Mara’s surreal LA house. The Hollywood love birds Austin Butler and Vanessa Hudgens bagged Gary Oldman’s Los Feliz house in LA.
Some Very Iconic Sales Were Made
A good number of some of the most iconic homes hit the market in 2018. Among these iconic homes were Debbie Reynolds’ Malibu house, which was listed for approximately $16 million.
This iconic house was off the market for almost forty years. The list of such iconic sales also includes Johnny Depp’s house with his recent wife, Elvis Presley’s gold mobile, and Michael Jackson’s one-time house in New York as well.