Mariah Carey’s Lavish Beverly Hills Rental up for Sale Asking $32 Million - Kanebridge News
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Mariah Carey’s Lavish Beverly Hills Rental up for Sale Asking $32 Million

The pop icon said she stayed at the over-the-top, 15,000-square-foot mansion for several months with her family last year

By CHAVA GOURARIE
Thu, Aug 8, 2024 9:07amGrey Clock 2 min

A Beverly Hills mega mansion that singer Mariah Carey once rented hit the market Monday asking $31.99 million.

The 15,000-square-foot residence, inspired by a mashup of European architectural styles from Baroque to Louis XV, is located on a 0.6-acre lot on Laurel Way. The three-story home includes eight bedrooms, and an entryway that features a 30-foot rotunda and not one, but two imposing double stairways, one outdoors and one indoors.

It was built by a Russian couple who immigrated in the 1970s, and set about building their dream home, much to their neighbours’ consternation . “I used all of what Europe has to offer,” Natalie Glosman, whose husband Leonid is a dentist, told Today.com in 2014.

The Glosmans purchased the land for $2.2 million in 1988 and sold the home in 2019 for $30 million. The buyer was a California entity, BHLW LLC, according to property records. The manager for the entity could not immediately be reached for comment.

Last year, Mariah Carey rented the house for three months in the spring, which was asking for $125,000 in monthly rent at the time. The Queen of Christmas then partnered with Booking.com, which offered visitors a special two-night “ritzy summer reprieve” at the house, with a Carey-curated itinerary, including reservations to her favourite restaurants, according to marketing material from the booking platform.

Mariah Carey rented the Beverly Hills home in a promotion for Booking.com.
Photo by RB/Bauer-Griffin/GC Images

“One of my Lambs has the opportunity to experience L.A. in true Mimi fashion by staying in the same home and visiting all my favourite places in the area!” Carey said in the Booking.com news release at the time

The house has some additional Hollywood elan, as it served as filming location on several occasions. Danny DeVito and one of the cast members of the “Real Housewives of Atlanta” have been filmed there, according to Today, and in the second season of “True Detective,” it stood in for the “incredibly gaudy” home of the corrupt and alcoholic mayor Austin Chessani, according to Curbed.

In addition to its grand entryway, the home features arched doorways, French windows, coffered ceilings, wainscotting and Rococo wall mouldings, in a blend of Art Deco and Art Nouveau styles. Outside, there is a broad green lawn with a shaded sitting area, and a back patio with a glamorous pool to match the home’s style.

Alla Furman and David Kramer of Hilton & Hyland/Forbes Global Properties are marketing the property. They were not immediately available for comment.



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Unmarried home buyers say they are giving priority to a financial foundation over a legal one

By DALVIN BROWN
Mon, Nov 25, 2024 4 min

The big wedding can wait. Couples are deciding they would rather take the plunge into homeownership.

In reshuffling the traditional order of adult milestones, some couples may decide not to marry at all, while others say they are willing to delay a wedding. Buying a home is as much, if not more of a commitment, they reason. It helps them build financial stability when the housing market is historically unaffordable.

In 2023, about 555,000 unmarried couples said that they had bought their home in the previous year, according to a Wall Street Journal analysis of Census Bureau data. That is up 46% from 10 years earlier, when just under 381,000 couples did the same.

Unmarried couples amounted to more than 11% of all U.S. home sales. The percentage has climbed steadily over the past two decades—a period in which marriage rates have fallen. These couples make up triple the share of the housing market that they did in the mid-1980s, according to the National Association of Realtors.

To make it work, couples must look past the significant risk that the relationship could blow up, or something could happen to one partner. Without a marriage certificate, living situations and finances are more likely to fall into limbo, attorneys say.

Mark White, 59 years old, and Sheila Davidson, 62, bought a lakeside townhouse together in Newport News, Va., in 2021. But only her name is on the deed. He sometimes worries about what would happen to the house if something happened to her. They have told their children that he should inherit the property, but don’t have formal documentation.

“We need to get him on the deed at some point,” Davidson said.

White and Davidson both had previous marriages, and decided they don’t want to do it again. They also believe tying the knot would affect their retirement benefits and tax brackets.

Financial foundation

Couples that forgo or postpone marriage say they are giving priority to a financial foundation over a legal one. The median homeowner had nearly $400,000 in wealth in 2022, compared with roughly $10,000 for renters, according to the Federal Reserve’s Survey of Consumer Finances.

Even couples that get married first are often focused on the house. Many engaged couples ask for down-payment help in lieu of traditional wedding gifts.

“A mortgage feels like a more concrete step toward their future together than a wedding,” said Emily Luk, co-founder of Plenty, a financial website for couples.

Elise Dixon and Nick Blue, both 29, watched last year as the Fed lifted rates, ostensibly pushing up the monthly costs on a mortgage. The couple, together for four years, decided to use $80,000 of their combined savings, including an unexpected inheritance she received from her grandfather, to buy a split-level condo in Washington, D.C.

“Buying a house is actually a bigger commitment than an engagement,” Dixon said.

They did that, too, getting engaged eight months after their April 2023 closing date. They are planning a small ceremony on the Maryland waterfront next year with around 75 guests, which they expect to cost less than they spent on the home’s down payment and closing costs.

The ages at which people buy homes and enter marriages have both been trending upward. The median age of first marriage for men is 30.2, and for women, 28.6, according to the Census Bureau. That is up from 29.3 and 27.0 a decade earlier. The National Association of Realtors reported this year that the median age of first-time buyers was 38, up from 31 in 2014.

Legal protections

Family lawyers—and parents—sometimes suggest protections in case the unmarried couple breaks up. A prenup-like cohabitation agreement spells out who keeps the house, and how to divide the financial obligations. Without the divorce process, a split can be even messier, legal advisers say.

Family law attorneys say more unmarried people are calling for legal advice, but often balk at planning for a potential split, along with the cost of drawing up such agreements, which can range from $1,000 to $3,000, according to attorney-matching service Legal Match.

Dixon, the Washington condo buyer, said she brushed off her mother’s suggestion that she draft an agreement with Blue detailing how much she invested, figuring that their mutual trust and equal contributions made it unnecessary. (They are planning to get a prenup when they wed, she said.)

There are a lot of questions couples don’t often think about, such as whether one owner has the option to buy the other out, and how quickly they need to identify a real-estate agent if they decide to sell, said Ryan Malet, a real-estate lawyer in the D.C. region.

The legal risks often don’t deter young home buyers.

Peyton Kolb, 26, and her fiancé figured that a 150-person wedding would cost $200,000 or more. Instead, they bought a three-bedroom near Tampa with a down payment of less than $50,000.

“We could spend it all on one day, or we could invest in something that would build equity and give us space to grow,” said Kolb, who works in new-home sales.

Owning a place where guests could sleep in an extra bedroom, instead of on the couch in their old rental, “really solidified us starting our lives together,” Kolb said. Their wedding is set for next May.

Homes and weddings have both gotten more expensive, but there are signs that home prices are rising faster. From 2019 to 2023, the median sales price for existing single-family homes rose by 44%, according to the National Association of Realtors. The average cost of a wedding increased 25% over that time, according to annual survey data from The Knot.

Rent versus buy

Roughly three quarters of couples move in together before marriage, and may already be considering the trade-offs between buying and renting. The cost of both has risen sharply over the past few years, but rent rises regularly while buying with a fixed-rate mortgage caps at least some of the costs.

An $800 rent hike prompted Sonali Prabhu and Ryan Willis, both 27, to look at buying. They were already paying $3,200 in monthly rent on their two-bedroom Austin, Texas, apartment, and felt they had outgrown it while working from home.

In October, they closed on a $425,000 three-bed, three-bath house. Their mortgage payment is $200 more than their rent would have been, but they have more space. They split the down payment and she paid about $50,000 for some renovations.

Her dad’s one request was that the house face east for good fortune, she said. Both parents are eagerly awaiting an engagement.

“We’re very solid right now,” said Prabhu, who plans to get married in 2026. “The marriage will come when it comes.”