As per the report, set inside the gated Beverly Ridge Estates community, the property is anchored by an approximately 24,500-square-foot Tuscan-style mansion. The eight-bedroom, 12-bathroom residence combines the scale expected of a Hollywood trophy home with traditional Mediterranean influences. For more than a decade, Tyler Perry’s Beverly Hills estate has been a private address for one of Hollywood’s biggest names and a temporary refuge for some of its most famous guests. Now, the sprawling property is heading for a new chapter. Perry has listed the 22.5-acre estate for $57 million as he prepares to move to Puerto Rico and spend less time in California.The listing marks a remarkable rise in the property’s value. Perry bought the Beverly Hills land in 2004 for $4.3 million, eventually transforming it into a sprawling Mediterranean-style compound completed in 2012, states an online report by the New York Post. A mansion at the center As per the report, set inside the gated Beverly Ridge Estates community, the property is anchored by an approximately 24,500-square-foot Tuscan-style mansion. The eight-bedroom, 12-bathroom residence combines the scale expected of a Hollywood trophy home with traditional Mediterranean influences. Inside are a library, expansive entertaining areas and generous living spaces designed for hosting. The grounds extend the resort-like feel, with landscaped areas, a swimming pool and a fountain surrounding the main residence. There is also a separate one-bedroom guesthouse and staff quarters, giving the estate additional privacy and flexibility for visitors. From Hollywood to Harry And Meghan The New York Post report also states that the property has had an unusually starry guest list. Over the years, it has reportedly hosted Oprah Winfrey and former President Barack Obama. Its most closely watched chapter came in 2020, when Prince Harry and Meghan Markle stayed at the estate after relocating to the United States. Perry provided the couple with both a home and security as they established themselves in California. The Duke and Duchess of Sussex eventually left California and returned to the United Kingdom after several years in the US, but their stay cemented the Beverly Hills property’s place in the celebrity real estate conversation. Another trophy property for sale The Beverly Hills listing is not Perry’s only major property to hit the market this year. The report also states that in June, he listed his Jackson Hole, Wyoming, retreat for $39.5 million. The property spans 37.62 acres and includes an approximately 10,988-square-foot custom log home. With both properties listed, Perry is seeking a combined $96.5 million. The sales come as the filmmaker prepares for a significant change in his lifestyle and work routine. Preparing for Puerto Rico According to the New York Post, Perry, 57, has said he plans to relocate to Puerto Rico at the beginning of 2027 while reducing the pace of his professional schedule. The move represents a notable shift for a filmmaker whose career has been closely tied to Atlanta and Los Angeles. His property portfolio remains extensive, including a large residence near Atlanta and Tyler Perry Studios, his 330-acre production complex built on the site of a former Army base. He has also owned property in the Bahamas’ Exuma Cays. A resilient Beverly Hills market Perry’s asking price arrives against a complicated backdrop for Los Angeles luxury real estate. High-end properties have faced pressure from the city’s mansion tax and the wider impact of recent wildfires. Beverly Hills, however, has continued to command substantial prices. The median sale price reached $4 million during the three months ending in August, representing a 34.1% increase from the same period a year earlier, according to Redfin. Against that backdrop, Perry’s estate enters the market not merely as another celebrity home, but as a substantial piece of Beverly Hills real estate with a history of its own.Images Courtesy: Wikipedia and New York Post Source link Post Views: 5 Post navigation Separate your gay job from day job: Former JPMorgan worker files lawsuit against boss’s disparaging remarks World’s richest woman Alice Walton nears $120 billion after a $33 billion rise; her $250 million tuition-free medical school marks a new philanthropic chapter | World News