Mark Wahlberg Sells Vegas Property for $2 Million Gain One Year After Purchase
Actor and restaurant mogul Mark Wahlberg recently sold his house in the Las Vegas suburb of Summerlin for $16.6 million. This is a significant increase from the $14.5 million he paid for it just a year ago, as revealed by Clark County property records.
Wahlberg, who moved to Las Vegas last August with the goal of making the city a film-production hotspot, sold his 7,327-square-foot, two-story home in the upscale Summit Club neighborhood on September 22. The buyer's identity was obscured by a limited liability company.
There are no signs that Wahlberg and his wife, Rhea Durham, are planning to move back to Los Angeles. The 52-year-old star is known for his deep enjoyment of a normal fatherly life, raising four school-age children: Ella, 20, Michael, 17, Brendan, 15, and Grace, 13.
Wahlberg had also sold his last property in Los Angeles earlier this year and still holds 2.5 acres in The Summit Club, for which he paid $15.6 million in July 2022. It's unclear if any construction has started on this land, which is near the home singer Celine Dion purchased in 2017 for $9.2 million before selling it in April for almost three times that amount.
Career Highlights
Wahlberg, who began his career as rapper Marky Mark, has since become a prominent figure in the film industry with leading roles in movies like Boogie Nights, The Italian Job, and The Departed, earning him a 2006 Oscar nomination for Best Supporting Actor. He lost to Alan Arkin's performance in Little Miss Sunshine.
Interestingly, Wahlberg's greatest accomplishments have been in real estate. In 2018, he sold his family home in Beverly Hills for $12.4 million, $7.45 million more than he had paid in 2001. This year, his Beverly Hills mansion was sold for $55 million, $46.75 million more than he had paid in 2009.
Wahlberg's financial success also extends to his business endeavors, including co-ownership of over 90 Wahlburgers fast-food restaurants worldwide, investments in a clothing line, a chain of gyms, a bottled water company, and a Barbados cricket team. These ventures contribute a great deal to his reported $400 million net worth.
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Source: www.casino.org
