Ariana Grande Sells Hollywood Hills Pad To Bad Bunny At A Loss

Key Takeaways:

– Pop star Ariana Grande sold her Hollywood Hills home to musician Bad Bunny in an off-market deal for $8.3 million.
– The property is located in the Bird Streets neighborhood, about 1.5 miles west of another home Grande bought last year.
– Grande purchased the property for $8.9 million in 2021, resulting in a loss of $600,000.
– The home sits on three parcels of land on a steep hillside and features a rustic-meets-contemporary style.
– It offers a private setting with a long, gated driveway and views of Sunset Strip and West Hollywood.
– The property includes a sizable outdoor patio, a two-car garage, and a dark-bottom swimming pool.
– Grande previously bought and sold another property in the Bird Streets area.
– Bad Bunny also purchased a larger property in the Hollywood Hills last year.
– In 2022, Bad Bunny had a successful year in terms of album sales and tour revenue.

inman:

The pop star sold the secluded home to Bad Bunny in an off-market deal for $8.3 million, well below the $8.9 million she paid for it in 2021.

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Pop star Ariana Grande has sold her Hollywood Hills home to fellow musician Bad Bunny in an off-market deal for $8.3 million, according to the Robb Report.

The roughly 1,600-square-foot property is located in the Bird Streets neighborhood and is only about 1.5 miles west of a home Grande bought last year from actor Cameron Diaz for about $5 million.

Grande purchased the Bird Streets property for $8.9 million in 2021, meaning the sale comes at a loss. The $600,000 difference between Grande’s purchase and sale prices, paired with closing costs and the ULA tax, means the artist likely lost more than $1 million on the sale.

The 1946-built home sits on three contiguous parcels of land on a steep hillside that comprises about 0.75 acres, according to tax records. It was reportedly renovated in 2020 and features a “rustic-meets-contemporary” style, Robb Report noted.

It’s no surprise that the home has attracted the likes of A-listers like Grande and Bad Bunny since it’s in an extremely private setting. The home is accessed by a long, gated driveway, and the property is surrounded by tall hedges and trees, yet it still features views of Sunset Strip and West Hollywood from the hillside.

The property also reportedly includes a sizable outdoor patio, a two-car attached garage and a dark-bottom swimming pool.

Grande seems to like the area, as she bought yet another property in the Bird Streets back in 2020 for $13.7 million, then sold it in 2021 for $14 million.

Meanwhile, Bad Bunny also bought a larger property in the Hollywood Hills last year for nearly $9 million, according to the Robb Report.

In 2022, the reggaeton artist reportedly brought in $230 million from his tours and had the best-selling album globally, putting him ahead of Beyoncé, Drake and BTS.

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Property Chomp's Take:

In the world of celebrity real estate, it's not uncommon for stars to buy and sell properties at a rapid pace. The latest celebrity to make a move in the real estate market is pop star Ariana Grande, who recently sold her Hollywood Hills home to fellow musician Bad Bunny in an off-market deal for $8.3 million.

According to the Robb Report, Grande purchased the secluded home in 2021 for $8.9 million, meaning she took a loss on the sale. The $600,000 difference between Grande's purchase and sale prices, along with closing costs and taxes, likely resulted in a loss of over $1 million for the artist.

The 1,600-square-foot property is located in the Bird Streets neighborhood and sits on three contiguous parcels of land on a steep hillside. It offers stunning views of the Sunset Strip and West Hollywood from its elevated position. The home was reportedly renovated in 2020 and features a "rustic-meets-contemporary" style.

Privacy is a key feature of this property, with a long, gated driveway and tall hedges and trees surrounding the premises. Despite its secluded location, the home also boasts a sizable outdoor patio, a two-car attached garage, and a dark-bottom swimming pool.

This isn't the first time Grande has dabbled in the Bird Streets neighborhood. In 2020, she purchased another property in the area for $13.7 million before selling it in 2021 for $14 million. It seems that Grande has a fondness for this exclusive enclave in the Hollywood Hills.

As for Bad Bunny, the reggaeton artist has been making waves in the music industry. In 2022, he reportedly earned $230 million from his tours and had the best-selling album globally, surpassing the likes of Beyoncé, Drake, and BTS. He also purchased a larger property in the Hollywood Hills last year for nearly $9 million, further solidifying his status as a real estate aficionado.

The sale of Ariana Grande's Hollywood Hills home to Bad Bunny is just another example of the fast-paced and ever-changing world of celebrity real estate. With artists and musicians constantly on the move, it's no surprise that they're always on the lookout for new and exciting properties to call home.

In conclusion, the sale of Ariana Grande's Hollywood Hills home to Bad Bunny showcases the allure of the Bird Streets neighborhood and the constant evolution of the celebrity real estate market. With its secluded location, stunning views, and luxurious amenities, it's no wonder that stars like Grande and Bad Bunny are drawn to this exclusive enclave in the heart of Los Angeles.

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