By Tara Rippin • Published: 05 Jan 2021 • 17:21
Sylvester Stallone has reportedly bagged a sprawling $35 million (€28.5 million) seven-bedroom mansion in Palm Beach, Florida.
THE three-time Oscar nominee and star of the Rocky and Rambo movies is believed to have bought the 13,241 sq ft property in a sale on December 16, according to Palm Beach Daily News.
Stallone, 74, is said to have financed the deal with a $15 million (€12.2M), 30-year mortgage.
Built in 2014, the Bermuda-style estate was previously owned by Ron and Cindy McMackin, who reportedly bought the one-and-a-half acre property in late 2018 for $26.6 million (€21.6M).
The mansion boasts seven bedrooms with 10 full and two half bathrooms, while the stunning back garden opens up to a key-hole shaped pool, sandy beach, and a dock with 250 ft of Lake Worth Lagoon.
Neighbours include Rod Stewart and Jon Bon Jovi.
#CelebrityRealEstate #Florida Sylvester Stallone Reportedly Buys Palm Beach Compound for $35.3M https://t.co/rf1DQhj8VI pic.twitter.com/Fc4r03Ed3J — Shannon Bailey, REALTOR® (@SBailey_Realty) December 31, 2020
#CelebrityRealEstate #Florida Sylvester Stallone Reportedly Buys Palm Beach Compound for $35.3M https://t.co/rf1DQhj8VI pic.twitter.com/Fc4r03Ed3J
— Shannon Bailey, REALTOR® (@SBailey_Realty) December 31, 2020
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Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region. She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990. Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol. She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.
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