Justin Bieber finally sells Beverly Hills mansion at a loss over a year after trying to find a buyer on Instagram
- Over a year after trying to find buyers on Instagram, Justin Bieber finally sold one of his LA homes.
- He bought the house in 2019 for $8.5 million and reportedly sold it for just under $8 million.
- The Beverly Hills property has a home theater, wine cellar, infinity pool, and oak cabinets.
Over a year ago, Justin Bieber turned to Instagram seeking a buyer for his multimillion-dollar Los Angeles, California, home. As of Friday, the home is finally off the market, but it sold for $500,000 less than what Bieber originally paid for it, The Los Angeles Times and People both report.
The 6,100-square-foot property, located in the upscale Beverly Hills neighborhood, has five bedrooms, seven bathrooms, an office, a home theater, and a wine cellar with a small bar area.Joshua and Matt Altman, of "Million Dollar Listing" fame, and Dalton Gomez, Ariana Grande's fiancé, represented the listing.
When it first went on the market officially in October 2020, a year after Bieber first advertised it on Instagram, the home's original asking price was about $8.9 million, which would put the final reported sale price at approximately $1 million below that.Steven Schaefer, who represented the buyer along with his partner Jay Luchs, told People that's Bieber's ownership of the property "had no bearing on the buyer's decision."
"But it doesn't hurt for resale," he added.The final sale price has not been confirmed by Insider. Altman, Gomez, and Bieber's representatives did not immediately respond to Insider's request for comment regarding the sale.
Bieber bought the home in early 2019 and tried to sell it on Instagram just six months laterAccording to Architectural Digest, Bieber and his wife, Hailey Bieber, bought the home in March 2019 for $8.5 million. The young couple had been living in a $100,000-a-month rental in Toluca Lake until that point.
The home, called "The Tropics," was built in the 1930s and renovated by production designer Charles Infante shortly before Bieber bought it, HGTV reported.
Only about six months after the high-profile purchase, Bieber tried to court interested buyers in a series of Instagram posts."Home vibes, but I wanna sell it I think anyone interested?" he captioned one of the posts where "The Tropics" neon sign and wine cellar are visible alongside Bieber's legs.
"I'll sell it with all the furniture. MAKE AN OFFER," he wrote in another post.
Schaefer confirmed to People that the furniture was a part of the final deal, as promised on Instagram.
Bieber still has other multimillion-dollar homesIn August, Jack Flemming reported for the Los Angeles Times that Bieber had bought an even larger 11,000-square-foot, two-story home for $25.8 million in another part of Beverly Hills.
Two years before that, in August 2018, Bieber bought a 101-acre home lakeside property in Canada for $5 million. He appears to still own both properties.Bieber also previously owned a Calabasas mansion that he sold to Khloe Kardashian in 2014 for $7.2 million. Kardashian sold the property herself in 2020 for a record-breaking $15.5 million - more than double what she paid for it.
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