Cameron Diaz and Benji Madden part ways with luxury Beverly Hills mansion
Photo source: Dimitrios Kambouris/Getty Images for SiriusXM
Famous actress Cameron Diaz and her husband, musician Benji Madden, have decided to sell their picturesque estate, located in a prestigious area of Los Angeles.
Famous American actress Cameron Diaz and her husband, musician Benji Madden, have decided to part with another elite property in their portfolio. The star couple has put their picturesque estate, located in the prestigious Benedict Canyon area of Los Angeles, up for sale. They intend to get $17.8 million for this luxurious mansion with an area of about 27.5 hectares (68 acres).
Diaz and Madden acquired this residence in 2020, when their first daughter Raddix was born. Then the deal cost the celebrities $14.7 million.
The future owner of the mansion will become the owner of impressive grounds, a huge garden, a swimming pool and a three-car garage. He will also get the impressive house with high ceilings. This spacious mansion has 10 bathrooms, 7 bedrooms, including a separate wing occupied by the master bedroom with three walk-in closets, two bathrooms, a sitting area and a fireplace.
There have been no official comments regarding why the star couple decided to part with this elite estate. However, it is known that the couple also owns other luxury real estate - a mansion in Montecito, purchased in 2022 for $ 12.8 million, as well as a condominium in New York worth $ 9.5 million. In addition, the actress herself has another apartment in the Hollywood Hills.
It can be assumed that the decision to sell the mansion in Beverly Hills is connected with the desire of Diaz and Madden to focus on raising their children. In 2019, the couple had a daughter, Raddix, and in 2023, a son, Cardinal. Probably, the star family decided to part with this property in order to provide more comfortable conditions for the life and development of the heirs.
Such transactions with luxury real estate in prestigious areas are a common practice for many celebrities. Often, they purchase expensive properties, and then, having made a financial gain, sell them at a significant profit in order to invest in other assets. It seems that Cameron Diaz and Benji Madden are acting within the framework of this investment strategy, parting with a luxurious estate in Beverly Hills.
It is worth noting that Diaz and Madden owned the mansion for less than four years. However, they expect to receive $3 million more than the original price for it, which indicates high demand for luxury real estate in prestigious areas of Los Angeles. The price they have set at $17.8 million demonstrates that the star couple managed to correctly assess the potential of this luxurious asset and use it profitably.