The pop icon said she stayed at the over-the-top, 15,000-square-foot mansion for several months with her family last year
2 minA 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.
“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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The US housing market remains under pressure as high mortgage rates continue to weigh on affordability and demand. Industry leaders say 2026 has been one of the toughest years for home sales, with slower price growth, weaker mortgage activity, and fewer buyers entering the market. However, experts say reduced competition and more price cuts could create opportunities for well-prepared buyers.
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The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
