How Maroon 5's Adam Levine Makes Savvy Returns In The Real Estate Market
Adam Levine, who first made a name for himself in the music world decades ago, has developed a new talent for flipping luxury houses. Not only is the Maroon 5 front man a prolific songwriter, but also a savvy real estate venturer. The most recent turnaround was in 2021; in March of that year, Levine and his wife, former Victoria Secret model Behati Prinsloo, purchased George Washington Smith's El Miravel Estate in Montecito, California for $22.7 million. The "Beautiful Mistakes" singer silently sold the historic estate for $28.5 million in June 2021, per Dirt. That's a lucrative $5.8 million gain from the stately mansion that includes nine bedrooms and 11 bathrooms that sits on a 5.16 ocean-view acre lot.
In March 2018, Levine bought a Beverly Hills mansion for approximately $34 million. During the year of ownership, the singer put forth $7 million into renovations. In 2019, the traditional, Tudor-style home sold for $45 million to reigning celebrity house flipper Ellen DeGeneres, per Dirt. This flip produced an even larger gain with $11 million. The elegant, three-story manor covers approximately 10,000 square feet and includes 12 bedrooms and five bathrooms. Simultaneously, the Calirosa tequila founders landed smoothly into their Pacific Palisades dream home, which was designed in the late 1930s by architect Cliff May. With the diversity of these homes, the intimate ranch-style hideaway is the one that took the high-profile couple to a place where "it was safe, it was sound."
How Adam Levine flipped his Beverly Hills mansion
From New York apartments to California spreads, Adam Levine has maintained a plethora of properties over the past several years. As mentioned, after owning and living in an exclusive Beverly Hills mansion with Behati Prinsloo and their two young daughters slightly over a year, the "Memories" singer sold the extravagant 10,000-square-foot home to comedian and television host, Ellen DeGeneres and her actress wife Portia de Rossi. Levine and Prinsloo purchased the estate from NBC's "Will & Grace" co-creator Max Mutchnik for $33.9 million in 2018. The celebrity couple then sold the sizeable estate for $45 million after just five weeks on the market, per People, with an approximate $11 million profit.
Once owned by tennis legend Pete Sampras, the upscale home is located in a prestigious gated neighborhood in Beverly Hills, California. Originally built in 1933, the posh residence features five bedrooms and 12 bathrooms with amenities such as a home theater, media room, gym, two kitchens (one for a personal chef), gigantic 50-foot living room, swimming pool, tennis court, outdoor kitchen, and guest house. With $7 million put forth in updating the classic manor, the singer may have listed the home for sale to relocate closer to his children's school, per Mansion Global.
The road to El Miraval
While living in Beverly Hills, Adam Levine's real estate pursuits broadened to Montecito, California, a trending area northwest of Los Angeles with expansive views and celeb neighbors like Gwyneth Paltrow and Oprah Winfrey. Hidden down a long driveway, the former coach from "The Voice" found El Miraval, a Mediterranean villa-style compound that includes a Spanish Revival main house, guest house, cottage, and an apartment over a detached, five-car garage, per Realtor.com. Designed in 1923 by acclaimed architect George Washington Smith, Levine and Behati Prinsloo purchased the historic property for $22.7 million in early 2021, yet the grand estate had a solid asking price of $29.5 million at the time. Within three months of ownership, the couple quickly sold it to an unidentified buyer.
A hidden gem near the sea, the elegant estate was built for one of Montecito's founding godfathers, John A. Jameson. Constructed into sections, the living space covers approximately 12,653 square feet, and includes nine bedrooms, eight full bathrooms, and three half-bathrooms, per Dirt. The interior design is old-world throughout and features grand living and entertaining spaces with wooden cabinetry, a stone fireplace, a movie theater, and a wine cellar. The exterior is breathtaking and expansive with endless possibilities to explore, including a putting green, tennis court, swimming pool, and manufactured pond/creek. It's unclear if Levine and his family ever moved into the stately mansion or what may have been updated, as they also resided in their Pacific Palisades home at that time.
Inside Adam Levine and Behati Prinsloo's Cliff May dream house
Still on the "hunt," Adam Levine purchased architect Cliff May's ranch-style home in 2019 for $32 million. "We wanted to live somewhere quieter, where you don't hear the traffic and feel the stress," he told Architectural Digest. The swanky, family-friendly home was previously owned by the now divorced Hollywood couple Ben Affleck and Jennifer Garner, who originally listed it for $45 million. With five bedrooms and eight bathrooms, the chill property sits on a 3-acre spread with over 8,000 square feet, including a guest house, swimming pool, basketball court, gym, yoga studio, and home theater.
Designed in the late 1930s, the welcoming one-story house encompasses a vintage lounge vibe. With Levine's passion for design and artwork, the home has been stripped down with simplified materials and color palette with the help of Clements Design. The "Moves Like Jagger" singer also has a knack for designer furniture with classic Jean Prouvé's chairs. There's a true sense of personal connection that the couple shares with the art displayed throughout the home, including the large-scale murals by artists Rashid Johnson and Sage Vaughn. "Behati and I have an emotional attachment to everything we collect," Levine explained to AD. The singer is a longtime friend of Vaughn's, as his work was featured on Maroon 5's 2021 "Jordi" album. After sight of Levine's previous real estate escapades, it's evident that he and family are currently content in their cozy Pacific Palisades home.