What's Happening?
The Los Angeles mansion previously rented by Paris Hilton and her husband Carter Reum in Beverly Park is now available for lease at $159,000 per month. The couple resided in the seven-bedroom property at 70 Beverly Park in early 2023 after the birth of
their son, Phoenix, and later their daughter, London. They paid $160,000 monthly for the rental before purchasing a larger, neighboring estate from Mark Wahlberg for $63.1 million in June 2025. The former rental property, which spans 14,061 square feet on 3.6 acres, features an Olympic-size swimming pool, a tennis court, and a separate guest house. It was initially listed at $195,000 per month in April before the price reduction. The current owner, Leonid Smirnov, acquired the property for $21.5 million in 2021. The listing is managed by Aaron Kirman of Christie's International Real Estate Southern California and Jade Mills of Coldwell Banker.
Why It's Important?
This development highlights the dynamic and high-value real estate market within exclusive Los Angeles communities like Beverly Park. The slight reduction in monthly rent from $195,000 to $159,000, even for a property of this caliber, indicates potential market adjustments or strategic pricing to attract tenants in the ultra-luxury segment. The continued interest of high-profile individuals like Paris Hilton in Beverly Park underscores the neighborhood's enduring appeal, driven by its large properties, extensive amenities, and stringent security measures. This trend influences property values and rental rates in similar luxury enclaves across the U.S., setting benchmarks for high-end residential leasing and sales.
What's Next?
The property will remain on the market for lease, with real estate agents Aaron Kirman and Jade Mills continuing to seek a suitable tenant. Given the property's amenities and location within a guard-gated community known for its celebrity residents, it is likely to attract affluent individuals seeking privacy and luxury. The success of this rental at its current price point could influence future pricing strategies for other high-end properties in Beverly Park and similar exclusive neighborhoods. Potential tenants will likely undergo rigorous vetting processes typical of such high-value leases.
Beyond the Headlines
The continuous movement of high-net-worth individuals within exclusive communities like Beverly Park reflects broader trends in luxury real estate, where privacy, security, and extensive amenities are paramount. The decision by Paris Hilton and Carter Reum to purchase a larger property within the same neighborhood, rather than relocating, underscores the perceived value and lifestyle benefits of such enclaves. This also points to the increasing demand for properties that offer both opulent living spaces and comprehensive security, a growing priority for public figures. The pricing adjustments in this segment can also serve as an indicator of liquidity and demand at the very top of the real estate market.
