Since January 2022, Adele appears to be making some major investments in real estate. Purchasing Sylvester Stallone’s $58M dream house after taking out a $37.7M mortgage, the singer comes close to the Beverly Hills Park estate. Previously showing off on Instagram about moving in with her boyfriend Rich Paul, the British singer recently appeared ripping up the massive mansion.
Nearly fifteen months after Adele purchased Sylvester Stallone’s Beverly Park house, aerial images show the property being destroyed for renovations. The 35-year-old hitmaker seems to be taking on a major renovation job to transform the house into something she likes.
Adele Bought Sylvester Stallone’s Beverly Park Mansion
In 2022, by the beginning of the year, TMZ broke the news of Adele making a lowball offer to purchase Sylvester Stallone’s Beverly Park mansion. Originally listing the Rocky-themed home for $110M in 2021 with his wife Jennifer Flavin, Stallone gave a major discount to the singer when she bought the house a year later.
Taking out a $37.7M mortgage in order to purchase the actor’s extravagant 90210 estate, Adele agreed to pay $58M for the house. Real estate sources characterized the singer’s purchase price as a “steal” since the property was last offered at $80M and even Stallone wanted an eye-watering amount of $110M.
Following her purchase, Adele showed off the mansion on her Instagram in May 2022. She even revealed moving in with her boyfriend Rich Paul, to enjoy a fine life. Reportedly paying a pretty penny for her new pad, the British singer enjoyed the discounted price at which he bagged the mansion. However, a year after her purchase, the singer appears to be ripping up the mansion for renovations.
Adele Guts Sylvester Stallone’s $58M Dream House
It’s been more than a year since Adele bought Sylvester Stallone’s Beverly Park mansion for $58M. Following her purchase, it was widely believed, she had been shacking up with her partner in her new posh pad. However, recent aerial footages show the property being stripped down into a shell of a building.
Saddling with a colossal $37.7M mortgage, the 35-year-old hitmaker now appears taking on a serious renovation job. Gutting the home and shearing off the whole 2nd story, Adele appears to be remaking the place as per her preference. Leaving out the pool and the iconic Rocky statue as it was, the British singer appears to be turning the 3.6 acres property upside down.
Trying to add a hint of herself to the place, the 35-year-old is carving out her own piece of paradise out of Sylvester Stallone‘s mansion. Attempting to make it look even more spectacular than it was, the singer tore down the $58M dream house. Paying barely half of its original listed price, Adele takes on the most radical interior overhaul without altering the shape of the property.
Source: TMZ
