$10.2M price cut on Drake’s one-time Beverly Hills rental

A partnership led by developer and Compass broker Michael Chen is now offering a $10.2 million discount on a Beverly Hills home once rented to rapper Drake.

The 18,169-square-foot home, located at 1108 Wallace Ridge in Trousdale Estates, now has an asking price of $54.85 million, according to Zillow. The seven-bed, 14-bath home, also known as Elementi, was first listed in April of last year after a six-year construction process.

The property, designed by architecture firm SAOTA, is the only home in Trousdale Estates with a permitted daylight basement, according to the listing. The mansion also has features such as a 20-foot water wall, a 2,000-bottle wine cellar, a home theater, a wellness center and a gym. The home also has a courtyard with a 150-year-old Mediterranean olive tree that was shipped from Italy.

Aaron Kirman, one of the brokers handling the listing, said that the seller agreed to the reduction to hasten a sale.

“He’s not desperate to sell, but he does want to sell. He’s motivated to get it off the books,” Kirman said.

https://therealdeal.com/la/2022/02/07/10-2m-price-cut-on-drakes-one-time-beverly-hills-rental/

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