Wednesday 17 March 2021

Take a Tour of Eddie Murphy’s Seriously Luxe Homes

Eddie Murphy Property Portfolio

Lynn Goldsmith/Corbis/VCG/Getty

Eddie Murphy reprises his role as an absurdly wealthy African monarch in the recently released “Coming 2 America,” the sequel to the 1988 hit “Coming to America.”

In real life, he lives like royalty in Beverly Hills, CA. He’s bought and sold a princely array of Zamunda-worthy castles across the country.

The wildly popular and talented actor is considered one of the greatest stand-up comedians ever. A cast member of “Saturday Night Live” in the 1980s, he quickly jumped into movies, notably the “Beverly Hills Cop” franchise, “Trading Places,” and “48 Hrs.”

He also voiced Donkey in the animated “Shrek” movies and is one of the highest-grossing actors of all time. Needless to say, he has plenty of income to spend on real estate.

Murphy, 59, has maintained a string of regal residences over the years. Take a look.

Beverly Hills abode

As Axel Foley in “Beverly Hills Cop” (1984), Murphy played a Detroit police officer who comes to tony Beverly Hills to investigate the murder of a friend. So Murphy was familiar with the territory when he started to invest a couple of decades ago.

In 2001, he plunked down $10 million for 3.67 acres in the ultra-exclusive, gated community of North Beverly Park, with neighbors like Denzel Washington, Barry Bonds, and Mark Wahlberg.

He then proceeded to build a 10-bedroom, 17 bathroom, 18,598-square-foot mansion. Completed in 2003, the palm-tree filled grounds include a tennis court, swimming pool, and a 4-car garage.

Living large

However, that wasn’t Murphy’s first foray into the world of Beverly Hills real estate.

In 1988, he purchased a mansion in the tony town from Cher for $5.9 million. The comedian eventually sold the place in 1995 at a loss—taking only $4 million.

The home changed hands once more, and the current owners picked the place up in the late 1990s for $6.4 million. They added adjacent lots and built a larger house than the structure that existed when Cher or Murphy owned the property. The property now boasts 11 bedrooms and 17 bathrooms, on 13.5 acres.

When it eventually made its way back onto the market in 2016, the list price on the beefed-up mansion was a whopping $85 million.

The spread features a Moroccan-style 7,000-square-foot guesthouse, and the grounds include a pool as well as a tennis court with cabana. The extra space incorporates five deluxe stables, a pair of white-gravel riding rings, and miles of trails. Plus, the gated estate off Benedict Canyon is just minutes by car from the tony shops of Rodeo Drive.

The price on the mansion was cut to $68 million in 2018, and then subsequently sliced to $48 million in 2019. Alas, a buyer never stepped forward, and the property is currently off market.

Former Benedict Canyon home purchased from Cher

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Other Beverly Hills buys

Murphy lived in other high-flying homes in the area, including a 1920s Beverly Hills abode last purchased by the comic David Spade in 2001.

The renovated three-bedroom, designed by architect Edward H. Pickett and located in Beverly Grove, offered high hedges for privacy, and included a pool and spa. Before Spade snapped it up, Prince and Warren Beatty also lived there (although not at the same time).

And other reports place Murphy in a storied property, also in Beverly Hills, whose former inhabitants included Greta Garbo, Heidi Fleiss, and Elton John. He apparently lived at this star-studded address in the late 1990s, before purchasing his current residence in 2001.

Granite Bay, CA

The movie star also maintained a home in the Sacramento suburb of Granite Bay, CA.

He purchased the property in 1998 with his then-wife, the model (and Sacramento native) Nicole Mitchell. After the couple’s divorce in 2006, Murphy sold the place for $6.1 million in 2007.

Although it’s located nowhere near Hollywood, the mansion truly sparkles. Set on 5.2 acres, the property includes a 12,600-square-foot main house and 5,200-square-foot guesthouse.

The enormous contemporary setup includes 10 suites and a total of 14 bathrooms. Other perks include a commercial-quality gym, and a tennis and basketball court.

Located in the guard-gated community of Los Lagos Estates, it borders the Folsom Lake State Recreation Area, with hiking, biking, and running trails, as well as the Los Lagos Equestrian Center for riding, boarding, and training.

After Murphy sold it, the next owners attempted to double their money, and hoisted the home onto the market in 2013 for $12 million. It languished on the market for five long years, before eventually selling in 2018 for a much more modest $5.5 million.

Granite Bay mansion

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Living in the bubble

Riding high off his spectacular early fame, Murphy snapped up a 32-room property in New Jersey known as “Bubble Hill” for a reported $4.5 million in 1986.

The 25,000-square-foot Colonial on 5 acres offered a screening room, bowling alley, indoor pool, gym, guesthouse, and recording studio. The Englewood Cliffs, NJ, estate, just across the Hudson River from upper Manhattan, came on the market in 2004 for $30 million.

That proved to be a wildly optimistic figure. The price eventually came down to $19.5 million, and after undergoing additional price cuts over the years, landed at $12.75 million in 2010.

The recording artists Alicia Keys and Swizz Beatz picked up the home for a relative song at $10.425 million in 2013.

The couple also reportedly picked up an adjacent 2-acre lot from Murphy with more living space, a children’s playground and a tennis court, Variety reported. Two years later, they listed the property for $14.9 million. It’s currently off market.

Murphy nevertheless maintains a modest toehold in Jersey. He’s owned a small, Cape Cod-style home in nearby Haworth, NJ, since 1986, which he picked up for $330,000. Built in the 1970s, the wood-shingle cottage offers a little over 2,000 square feet and sits on just over a quarter-acre in the leafy suburb.

Clove Hill Farm

The New Yorker also picked up a 205-acre farm in upstate New York, according to Variety.

Known as Clove Hill Farm, the property in Poughquag, NY, included a 11,500-square-foot, five-bedroom, 5.5-bathroom house, a 7-acre pond, a swimming pool with poolhouse, a tennis court, movie theater with arcade, guest quarters, and horse barn.

The vacation home apparently never got much use, so Murphy began trying to unload this East Coast asset. He asked as much as $12.75 million before chopping the price to $8,995,000 in 2007. It eventually sold in 2011, for just $3.8 million.

The post Take a Tour of Eddie Murphy’s Seriously Luxe Homes appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/celebrity-real-estate/eddie-murphy-seriously-luxe-homes/

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