Mark Wahlberg reduces price of his uber luxurious 12-bedroom Beverly Hills mansion from $87.5M to $79.5M

Mark Wahlberg reduces price of his uber luxurious 12-bedroom Beverly Hills mansion from $87.5M to $79.5M
Is Mark Wahlberg manages to sell his property by the end of the year, it would rank among the top five most expensive house sales in Southern California for 2022 (realtor.com; Theo Wargo/Getty Images)

BEVERLY HILLS, CALIFORNIA: Mark Wahlberg updated the listing of his palatial Beverly Hills mansion by slashing the price by a whopping $8M after taking the property off the market in late October. Wahlberg listed the 30,500sqft home for $87.5M in April, but has now reduced the price to $79.5M. The 51-year-old 'Father Stu' actor reduced the price in an effort to sell his mansion, situated on Oak Pass Road in a gated enclave, nearly eight months after initially listing it. The property will reportedly rank among the top five most expensive house sales in Southern California in 2022 if he sells it by the end of the year.

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Wahlberg has bought some land in Nevada in 2009, where he intends to move for a higher quality of life and lower taxes. After building his ideal family home there, he made the first step to sell his Beverly Hills mansion in April, 13 years later. The chateau-style residence was designed by the architect, Richard Landry, who previously built Tom Brady and Gisele Bundchen's Brentwood home that is now owned by Dr Dre, as per Daily Mail.