Luxe Living

Eccentric actor Joaquin Phoenix has purchased his next door neighbor’s home on March 29, 2013 for $1,390,700, as indicated by property records. The 3 bedroom, 3 bathroom, 2,511 square-foot home sits directly next to his existing property on top of the Hollywood Hills at Mulholland and Laurel Canyon. His existing home was purchased on November 7, 2006 for $4,835,000.

Phoenix’s longtime property is rather ordinary by Hollywood standards, and can been seen extensively in scenes from Phoenix’s “mock-umentary,” “I’m Still Here,” in which he famously duped his peers and the public into thinking he was quitting acting to become a famous rapper.

No telling why he needs his next door neighbors digs too, but perhaps it’s because he’s following the trend among celebrities of creating a compound comprised of multiple high-priced properties.

As it stands, Phoenix’s new addition to his Los Angeles property portfolio is a “a very special charmer re-done to perfection.” The gated property features a living and dining room that open to peaceful, beautifully landscaped grassy yard with custom outdoor fireplace and stone waterfall. An eat-in kitchen with huge center island and high-end appliances opens to a family room and additional large patio with canyon and city views. The Master suite has built-ins, a huge closet and re-done bath. Also included on the property is a bonus room with new bath and its own entrance, which would make a perfect office, gym or maids quarters.

Images via the MLS.

Drake, the multi-platinum rapper, has just purchased the massive Hidden Hills compound he has been renting for the past few months. The home is no stranger to the real estate market – it hit the market in January 2009 with an eye-popping $27M asking price - that’s $3,627 per square foot. With no one willing to pay way-above-market-value for the suped-up estate, the price was chopped all the way down to $9.95M in November of 2009. 3 years and $2.25M more in price reductions, Drake has purchased the palatial pad for the bargain basement price of $7.7M, according to public records.

Marketed at “the ultimate Hidden Hills compound estate” and a “world class private resort,” the estate features 7 bedrooms, 9 bathrooms and clocks in at 7,444 square feet. Larry Pollack, the owner of the famous Saddle Ranch Chop Houses, purchased the estate for “land value only” in 2003, and spent 4 years rebuilding and constructing this one-of-a-kind masterpiece. No expense was spared on interior appointments and all new exterior grounds. A multi-million dollar pool boasts cascading waterfalls, 80′ water slide, a grotto and more. Other exterior features include a tennis court, 5 stall horse facilities with riding area, a sand volleyball court, commercial bathrooms, mechanical bull, viewing pavilions and more. The interior features include 24-seat theater, game room, spa/massage room, master suite with his/hers bathrooms, and a spectacular wine cellar/tasting room.

Enjoy the new digs, Drake!

Images via the MLS.