Pop icon Madonna has successfully sold her exquisite mansion in Hidden Hills, according to TMZ reports. The sale of the property has proven to be quite lucrative for the Queen of Pop, fetching a staggering $23 million, Your Content has learned.
Initially listed at $26 million, the estate underwent a price reduction to $23.5 million before the buyer negotiated a further $500,000 reduction.
This impressive financial gain comes after Madonna’s acquisition of the estate from The Weeknd in 2021 for $19.3 million, demonstrating her shrewd investment skills.
Spanning across 3 acres, the stunning property boasts over 12,500 square feet of living space, featuring nine bedrooms and eleven bathrooms.
Notable amenities include a glass wine cellar, theater, music lounge, study, and an impressive no-edge, saltwater pool at the rear.
The new owner of Madonna’s former mansion is Kim Hyoung-nyon, a prominent Korean crypto billionaire who ranked among Forbes’ list of Korea’s 50 wealthiest individuals last year.
It is safe to say that the purchase barely made a dent in his substantial wealth.
The listing for the property was managed by Trevor Wright of The Beverly Hills Estates.
However, The Beverly Hills Estates declined to comment on the matter when contacted for further information, according to TMZ.