Hollywood titan Mark Wahlberg has made another colossal splash in the luxury property market, dropping a staggering $57.1m (US$37m) on a newly flipped, fully furnished mansion in Florida’s exclusive “Billionaires Row.”
But it’s not just the celebrity purchase making headlines – a shrewd developer has walked away with an $11 million profit in a matter of months.
The actor, 54, has acquired the lavish, Italian-style retreat, dubbed “Palazzo di Lago,” nestled within the ultra-private Stone Creek Ranch community in Delray Beach.
The vendor, spec developer Aldo Stark, is the real story here, having purchased the enormous 17,800-square-foot dwelling in January for $40.1m (US$26m).
After a rapid, complete overhaul, he swiftly relisted it in March for $69.5m, (US$45m), ultimately selling it fu