Celebrity Action Star and Tough Guy Sylvester Stallone Now Owns a Housing Compound Located in Palm Beach, Florida

According to Mansion Global, for the action star to purchase the said property, the star used a trust fund that he previously used for his other related purchases. One of the real estate he has previously purchased, the property located in La Quinta, California, was purchased via the said trust. However, he has recently sold that property for $3.15 million, wherein the successful sale was done on Wednesday.

Now, the Palm Beach real estate compound is one of the latest celebrity homes purchased this year and might be the last (since 2021 is a few days away). The said property was purchased by the actor for around $35.57 million. It is a unique property since it has its own waterfront wherein small boats and yachts can be docked in its small and personal boat dock.

The former owner of the said property is a person named Lawrence Moens. He runs the Lawrence A. Moens Associates, a well-known real estate broker group based in Palm Beach, California. The said location had recently enjoyed a peak in its real estate sales, especially the ones involving Hollywood celebrities and famous people. This is thanks to many factors in the housing market sector, such as the following:

• Increased number of homebuyers ditching northeastern states due to heavy taxes.
• Many record-low interest rates being offered left and right.
• The growing demand for work-from-home and remote-learning policies.

The said changes resulted in the increased number of single-family homes (luxurious ones included, mostly most of them are priced $1 million and up), wherein the total amount increase was around 82.9%. This is a noticeable change compared to the last year's records.

Other Known and Available Details of Stallone's New Palm Beach Mansion Compound

According to Sun Sentinel, the said property is packing with many features for its price tag. Listed below are those said features that the action star would enjoy on his Palm Beach compound property:

1. Was originally built in 2014.
2. Has a total living space of 13,241 square feet.
3. Has a 250 feet of sandy beach on the lakeside.
4. Has 7 bedrooms, 10 bathrooms, and 2 half-bathrooms.
5. A fully equipped gym.
6. A wine room that is temperature-controlled.
7. A keyhole-shaped poor with an open cabana across it.
8. Has its own small boat dock for small ships and yachts.
9. A formal dining room.
10. An eat-in kitchen that is huge.
11. A spacious master suite with its own sitting area and private balcony.
12. Enormous walk-in closets and bathrooms.
13. Has its own full library.
14. A huge family room with its own wet bar.
15. An outdoor beachfront spa that is connected to the lake.

The mentioned features above make the price tag for this property all worth it. Anyone who owns the said property will surely have a good time, along with their loved ones and family members.