Beverly Park has welcomed Dwayne “The Rock” Johnson as a new resident. Beverly Park is the ultra-exclusive gated community high up in the hills of Beverly Hills where some mansions have recently been listed for $100+ million.
Dwayne moves in with celebrities Eddie Murphy, Mark Wahlberg, Sylvester Stallone, Rod Stewart, Denzel Washington, and Sofia Vergara who also dwell in Beverly Park.
Actor Paul Reiser, a longstanding Beverly Park resident and celebrity, is moved out by Dwayne with the acquisition. Don’t feel sorry for Paul though. He will receive $27.8 million, a sizable increase from the $6 million Paul spent on the house in 1998.
He ought to have clung to Beverly Park.
The Rock’s new property has 3.6 level acres. That’s significant because a bunch of Beverly Park mansions boast 3-4 acres of property, but a lot of the land is actually steep unusable hillside.
The Rock has a 46-acre equestrian estate in Powder Springs, Georgia, which is outside of California. He paid $9.5 million for this estate in November 2019. For some reason Dwayne listed this property for sale just 14 months after the purchase, for $7.5 million, a potential $2 million loss. He hasn’t yet located a buyer.
Though it’s unknown where Paul Reiser will be heading next, he is still listed as the owner of a Beverly Hills property that he paid $755,000 for in 2007. Talk about cutting back! Even yet, I have no doubt that he’ll purchase something new within the next 12 months in order to reduce part of that roughly $23 million taxable gain.
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