What's Happening?
A French Modern-style estate in Beverly Hills, once owned by retired boxing legend Floyd Mayweather Jr., is back on the market for $32 million. The property, located at 917 N. Crescent Drive, is near the Beverly Hills Hotel. Mayweather purchased the home for $25.5 million in 2017, following his victory over UFC champion Conor McGregor. The mansion, built in 1992, features six bedrooms, eight baths, two powder rooms, a hidden guest house, a home theater, a gym, and an outdoor pool and spa. The home has undergone several renovations and was previously listed for $48 million in September 2024 before selling for $11.5 million in December 2024. The current listing price is $6 million less than its previous listing in January 2025.
Why It's Important?
The listing of Mayweather's former mansion highlights the fluctuating real estate market in Beverly Hills, a region known for its luxury properties and high-profile residents. The property's history of ownership by notable figures, including the Sultan of Brunei and developer Niles Niami, underscores its prestige. The current listing at $32 million, a reduction from previous prices, may attract potential buyers looking for a high-value investment in a prime location. This development reflects broader trends in the luxury real estate market, where pricing adjustments are common in response to market conditions and buyer interest.
What's Next?
The re-listing of the mansion at a reduced price may lead to increased interest from potential buyers seeking luxury properties in Beverly Hills. Real estate agents David Solomon and Anna Solomon of Douglas Elliman are handling the sale, and their strategy may include targeted marketing to affluent buyers. The outcome of this sale could influence future pricing strategies for similar high-end properties in the area. Additionally, the sale may attract attention from international buyers, given the property's history and location.
