George Clooney Sells to Olivia Culpo and Christian McCaffrey – In the world of high-profile real estate, some of Hollywood’s most recognizable names are making significant moves. George Clooney and Melanie Griffith have each parted ways with their Los Angeles properties, while rapper and internet sensation Bhad Bhabie has listed homes on both coasts. These transactions are making waves, as they involve celebrity buyers and million-dollar price tags.
George Clooney’s Studio City Estate Sold to Olivia Culpo and Christian McCaffrey for $14.5 Million
After nearly 30 years of ownership, George Clooney has sold his sprawling Studio City estate. Clooney, who first bought the home in 1995 for $2.2 million following his breakout role on ER, has seen the value of the property rise substantially. The estate has been sold to power couple Olivia Culpo, a former Miss Universe and model, and Christian McCaffrey, running back for the San Francisco 49ers, for $14.5 million.
The estate spans nearly 3.2 acres and boasts a 7,000-square-foot main home featuring six bedrooms, several guesthouses, a pool, and a tennis court. Clooney extensively remodeled the property during his ownership, bringing his signature touch to what was once a residence of Fleetwood Mac’s Stevie Nicks.
Real estate expert, Anna Jacobs, noted, “The Fryman Canyon neighborhood in Studio City has long been a desirable enclave for high-profile individuals. Culpo and McCaffrey are joining a list of entertainment and sports figures who have found privacy and luxury here.”
Clooney, who is currently starring alongside Brad Pitt in the film Wolfs, is no stranger to high-end real estate. He and his wife, human rights lawyer Amal Clooney, continue to maintain homes in New York, Italy, and France, offering them a global network of residences.
Melanie Griffith’s Spanish-Style Villa Sold Off-Market for $4.7 Million
In another significant real estate transaction, Oscar-nominated actress Melanie Griffith has quietly sold her Spanish-style villa in Hollywood Hills for $4.7 million. Griffith had acquired the property in 2019 for $3.7 million, marking a substantial profit on the sale. The home, located near the iconic Sunset Strip, was previously owned by TMZ founder Harvey Levin and spans nearly 3,000 square feet.
Griffith’s two-story abode offers a taste of classic Hollywood glamour with a step-down living room featuring a stone fireplace, a kitchen equipped with high-end Viking appliances, and a luxurious primary suite with a spa-like bath. The backyard, designed for relaxation, includes a pool and spa, creating a serene escape within the city’s hustle and bustle.
Sliding glass doors seamlessly blend indoor and outdoor spaces, a design feature that appeals to Los Angeles buyers looking for both privacy and the quintessential California lifestyle. Griffith, known for her roles in Working Girl and Lolita, doesn’t appear to be leaving the city entirely. Records show she recently purchased a $4.3 million Spanish Colonial-Revival home in the celeb-packed foothills above Hollywood.
George Clooney greets and hugs Emily Blunt and John Krasinski on the carpet at #TheAlbies for the Clooney Foundation for Justice pic.twitter.com/rS0S951qWU
— The Hollywood Reporter (@THR) September 26, 2024
Bhad Bhabie Lists Homes in Florida and California
In another striking move, Danielle Bregoli, the multimillionaire rapper and internet star known as Bhad Bhabie, has listed homes in both Florida and California. At just 21 years old, Bhad Bhabie has managed to build a real estate portfolio that rivals those of seasoned celebrities.
Her contemporary mansion in Boca Raton, Florida, is on the market for $7.4 million. The Palm Beach County home offers a sprawling 9,300 square feet of living space and includes a media room, resort-style pool, and spa, as well as a separate guesthouse. The all-white aesthetic of the home is both modern and luxurious, appealing to buyers seeking a sleek, upscale design.
Simultaneously, Bhad Bhabie has listed her part-time residence in Los Angeles’ Woodland Hills for just under $3.5 million. The 3,700-square-foot ranch-style home boasts a luxe primary suite with a fireplace and an open-concept great room that connects the living and dining areas to the kitchen. The home’s design emphasizes spaciousness and ease, appealing to families or individuals looking for a comfortable yet chic suburban residence.
Real estate agent Mark Sullivan commented, “It’s not every day that a 21-year-old is listing multi-million dollar homes on both coasts. Bhad Bhabie’s success in music and her online ventures have clearly paid off, and these homes reflect her rise to fame.”
Why Celebrities Are Moving: Market Trends
Celebrity real estate moves are often dictated by more than just lifestyle choices. With the fluctuating real estate market in major cities like Los Angeles and Miami, there has been a growing trend among celebrities to sell properties for substantial profits, take advantage of investment opportunities, or downsize as their needs change.
In the case of Clooney, Culpo, and McCaffrey, the acquisition of such a valuable property in Studio City points to a desire for luxury living within proximity to the entertainment and sports hubs of Los Angeles. Clooney’s decision to sell may reflect a shift in his real estate strategy as he focuses on other international properties.
Griffith’s off-market sale suggests that she was looking to quietly exit a property while securing a substantial return on her investment. Bhad Bhabie’s listings, on the other hand, indicate a strategic decision to offload properties at the height of their value, a move that many wealthy homeowners are opting for in today’s market.
Real estate trends show that Los Angeles remains a hotspot for high-net-worth individuals, particularly those in entertainment and sports. The privacy offered by neighborhoods like Fryman Canyon and Hollywood Hills makes these areas particularly attractive.
Editorial Comment: The Intersection of Celebrity and Real Estate
Real estate continues to be a cornerstone of wealth-building for celebrities. It is no surprise that figures like George Clooney, Melanie Griffith, and even younger stars like Bhad Bhabie are involved in multimillion-dollar transactions. According to real estate analyst Sarah Carter, “These celebrity deals highlight not just the luxury market, but also the growing influence of younger stars like Bhad Bhabie in high-end real estate. It’s clear that celebrity buyers and sellers have a significant impact on market trends.”
The real estate market for high-end properties is competitive, with prices often fluctuating based on a home’s history and the celebrity attached to it. Yet, the combination of location, design, and exclusivity ensures that luxury homes, particularly those in celebrity enclaves like Studio City, Hollywood Hills, and Boca Raton, remain in high demand.
For stars like Clooney and Griffith, these sales represent more than just a change of address. They are part of a broader strategy to manage and expand their wealth. Meanwhile, for buyers like Culpo and McCaffrey, acquiring such properties adds to their already impressive portfolios, cementing their place in both the entertainment and real estate worlds.
In the coming months, it will be interesting to see how these properties perform on the market and whether other celebrities follow suit by listing their homes.
