Drake, the multi-platinum rapper, has just purchased the massive Hidden Hills compound he has been renting for the past few months. The home is no stranger to the real estate market – it hit the market in January 2009 with an eye-popping $27M asking price – that’s $3,627 per square foot. With no one willing to pay way-above-market-value for the suped-up estate, the price was chopped all the way down to $9.95M in November of 2009. 3 years and $2.25M more in price reductions, Drake has purchased the palatial pad for the bargain basement price of $7.7M, according to public records.
Marketed at “the ultimate Hidden Hills compound estate” and a “world class private resort,” the estate features 7 bedrooms, 9 bathrooms and clocks in at 7,444 square feet. Larry Pollack, the owner of the famous Saddle Ranch Chop Houses, purchased the estate for “land value only” in 2003, and spent 4 years rebuilding and constructing this one-of-a-kind masterpiece. No expense was spared on interior appointments and all new exterior grounds. A multi-million dollar pool boasts cascading waterfalls, 80′ water slide, a grotto and more. Other exterior features include a tennis court, 5 stall horse facilities with riding area, a sand volleyball court, commercial bathrooms, mechanical bull, viewing pavilions and more. The interior features include 24-seat theater, game room, spa/massage room, master suite with his/hers bathrooms, and a spectacular wine cellar/tasting room.
Enjoy the new digs, Drake!
Images via the MLS.