Mark Wahlberg has taken his Beverly Hills estate off the market after realizing that now may not be the best time to sell, The Post has learned.
The “Father Stu” actor bought the plot of land in 2009 for $8.25 million, records show. He then spent years building his dream Mediterranean-style villa with his wife Rhea Durham, which was not completed until 2014.
Sources say that rising mortgage rates made Wahlberg realize it wasn’t a buyer’s market — and decided to hang on to the house a little longer.
Interest rates have hit an all-time high as part of the current economic reality, with a 30-year fixed-rate mortgage now standing at 7.7%.
Wahlberg, 51, initially listed the hulking 30,500-square-foot home in April for a whopping $87.5 million. At the time, the interest rate was 5.3% – still quite high considering the years before.
The estate is located on 6.14 hectares of land. Anthony Barceló
The main building occupies 30,500 square feet. Anthony Barceló
A double staircase at the entrance. Anthony Barceló
A hallway. Anthony Barceló
The two-storey paneled library. Anthony Barceló
The great room. Anthony Barceló
The Post has reached out to Wahlberg’s representatives for comment.
Consisting of 15 bedrooms and 16 bathrooms, the home is packed with amenities including a glass-walled gym, wine cellar with tasting room, cinema with seating for more than 15 guests, several wet bars, expansive lawns, numerous mature trees, an outdoor skate park, an outdoor kitchen, golf greens, a cavernous pool with waterfalls and formal gardens.
In 2017, Wahlberg installed a new patio cover. Permits for a new hydroelectric lift were issued in 2014.
The wet bar. Anthony Barceló
The kitchen with a double island. Anthony Barceló
The breakfast room. Anthony Barceló
He also built a tennis bar, a poolside cabana, and a guest house with an attached garage, licensing details obtained by The Post show.
The house sits on 6.14 acres of land, high in the mountains above Beverly Hills.
“[It is] truly a once in a lifetime opportunity to acquire one of the great estates in Los Angeles,” the previous listing said.
The move to take the house off the market also comes two months after the star paid $15.6 million for approximately 2.5 acres of bare land within the guarded gates of the exclusive Summit Club in Las Vegas. It’s unknown what he plans to do with the plot, but it could be a similar transformation to his Beverly Hills estate.
The home gym. Anthony Barcelona
The primary bedroom. Anthony Barceló
The primary bathroom. Anthony Barceló
The spacious walk-in closet. Anthony Barcelona
The cave waterfall pool. Anthony Barceló
The tennis court. Anthony Barceló
Wahlberg, the actor turned producer, will produce four different films: “Our Man from Jersey”, “The Family Plan”, “The Raven” and “The Six Billion Dollar Man”.