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The Third And Final Parcel Of Drake's Former "YOLO Estate" Just Sold For $12 Million

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Published on Jul 2, 2022
The Third And Final Parcel Of Drake's Former "YOLO Estate" Just Sold For $12 Million

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On July 6, 2012, Drake bought the first parcel of what eventually grew into a 3-parcel, 7-acre compound that he nicknamed the "YOLO Estate." That was just shy of 10 years ago. Back in March, soon after he acquired a new estate in Beverly Hills for $70 million, Drake listed the full YOLO Estate for $22 million. Each parcel could also be bought separately. One month later, NFL quarterback Matthew Stafford scooped up two of the estate's three parcels for $11 million. Outlined in white in the image below is an aerial shot of the full YOLO Estate. Matthew Stafford bought everything to the left of the red line. Roughly 3 acres, two homes, stables and a riding. Everything to the right of the red line remained available for purchase with an asking price of $14.8 million. Until this week. An unidentified buyer just paid $12 million for everything you see to the right of the red line in the image above. AKA, the everything that constituted the original YOLO Estate. All-in, Drake got $23 million for the three properties. That's $1 million over his original March 2022 asking price. That's an $8 million profit over the $15 million Drake spent to acquire all three properties over time ($7.7 million + $2.8 million + $4.5 million). Below is a video tour of all three properties. The first roughly 2 minutes are dedicated to the primary property that just sold: Some notable features of the mansion: Located within a gate-gaurded private community at the end of a private cul-de-sac 12,500 square-feet of living space 2,000 square-foot master bedroom Massive swimming pool with spa grotto, swim-up bar, waterfalls and 80-foot waterside Combination basketball/tennis court Sand volleyball court Equestrian riding ring 25-seat movie theater In case this is your first time hearing about the YOLO Estate, allow me to expand on arguably the mansion's most-impressive feature: The pool. According to legend, back in the early 2010s when he was very much an up-and-coming rapper, for inspiration, Drake Googled "craziest residential swimming pools." He soon found himself staring at a photo of his future mansion. He right clicked and set the photo as his desktop browser image. The image would have looked something like this: In May 2009, the estate's former owner listed the property for sale for $27 million. As it turned out, that was highly optimistic. Drake pulled the trigger on July 6, 2012, paying $7.7 million. Dream come true… a full decade before Drake had a $250 million net worth! So that's the end of the road for the YOLO Estate. RIP, King. July 2012 – June 2022. What's your dream mansion? Is it your desktop background image?? Think you'll own it in a decade???
Source: https://www.celebritynetworth.com/articles/celebrity-homes/the-third-and-final-parcel-of-drakes-former-yolo-estate-just-sold-for-12-million/

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