Mark Wahlberg’s $37 million mansion skyrocketed in worth. Here is why

Actor-entrepreneur Mark Wahlberg paid $37 million for a totally furnished mansion in Delray Seashore, Florida final month. The deal piqued curiosity and prompted protection from TMZ to the Architectural Digest, with a lot of the concentrate on the celeb purchaser.

However apart from the identify recognition, the house’s skyrocketing worth over the previous 5 years additionally makes it stand out.

The actor’s transaction in October marks the house’s fourth sale in that very same time interval, and a dramatic 118% worth enhance from its sale in January 2020 when the totally furnished mansion traded for $17 million.

The property, situated at 9200 Rockybrook Method, noticed an increase in worth that outpaced not simply the native market, but in addition most of the prime luxurious markets in America.

In Delray Seashore, the typical sale worth for a single-family luxurious house, represented by the highest 10% of closed gross sales, rose by simply over 78%; Los Angeles was up 30%; the Hamptons rose 44%; and Manhattan elevated simply 4.5% in response to Elliman Report knowledge from the primary quarter of 2020 to the third quarter of 2025.

The house’s steep rise in worth even outperformed the S&P 500, which was up about 100% over the identical time interval.

Remarkably, the residence has traded arms 4 instances since 2020. Only one actual property dealer represented the itemizing in all 4 transactions, making the hovering worth of the seven-bedroom 10-bath mansion much more distinctive.

Again in 2020, Douglas Elliman actual property dealer Senada Adzem represented the unique homeowners of 9200 Rockybrook, when the home was often known as the Sundara property. Three years later, Adzem represented the mansion’s second homeowners who listed the house once more, when it bought for $26 million, up 53% in simply three years.

A little bit over a yr after shopping for the place, public data present a belief related to William Cafaro, the co-president of a retail property growth firm in Niles, Ohio, and the house’s third resident determined to promote. Adzem was as soon as once more the itemizing agent.

This transaction was extra uncommon. Cafaro bought the house as half of a bigger $50.5 million deal to buy a Ferrari-inspired mansion lower than half mile up the street in Stone Creek Ranch. Casa Maranello, because it’s identified, was being bought by native developer Aldo Stark, of Status Design Properties, with Adzem because the itemizing agent.

Cafaro paid for the brand new house with $24.5 in money, plus the deed to 9200 Rockybrook Method, which was valued within the deal on the similar worth he’d paid for it: $26 million. 

When that sale closed in January 2025, Stark grew to become the fourth proprietor of the mansion and he instantly began a dramatic multimillion-dollar renovation of the just about 17,800-square-foot megahome. He scrapped the previous Sundara identify and clad the house’s previous sheet-rocked partitions in polished uncommon stones and daring high-gloss Guyana wooden from Brazil.

He put in vibrant inexperienced vegetation above a grand stairway and into the ceilings.

Stark fully reimagined all the pieces from the kitchen to the clubroom and crammed the residence with bespoke furnishings.

And about two moths after closing, the megahome was listed on the market for a fourth time.  

Reemerging with a brand new look, new identify, and a brand new price ticket, one of many few issues to stay the identical was that Adzem was as soon as once more the itemizing agent.  

The house, now known as Palazzo di Lago, debuted with an formidable $45 million asking worth, $19 million greater than what Stark paid for it two months earlier and 165% greater than what it bought for in 2020.

By October Adzem closed the fourth deal and delivered Palazzo di Lago to its fifth proprietor, who the customer’s dealer, Michael Costello of Compass, confirmed to CNBC was Mark Wahlberg.

In response to Florida’s A number of Itemizing Service, the totally furnished mansion closed at $37 million, $11 million greater than what Stark purchased it for seven months earlier, and up 118% from its 2020 sale. 

And Adzem pulled off an unusual feat in actual property, promoting the identical home 4 instances in 5 years in transactions totaling $106 million.

5 homeowners throughout 5 years looks as if an unusually excessive turnover charge, however Adzem has a easy rationalization.

“Folks’s circumstances change they usually have completely different chapters of their life. So we have been privileged to have the ability to information this house by completely different evolutions and completely different homeowners and be capable to add worth to it,” Adzem stated.

In response to Adzem, the mansion’s outstanding appreciation was fueled by a mess of things. Listed below are the highest 5:

Adzem attributed a big a part of the 54% rise in worth from 2020 to 2023 to the pandemic, which made demand and costs for properties in South Florida surge.

“After Covid, our market positively accelerated,” she informed CNBC.

A few of the different market dynamics driving the worth of Palazzo di Lago are distinctive to Stone Creek Ranch, which Adzem described as a luxurious “micro-market.”

The unique gated group spans about 187 acres with 37 luxurious properties every on about 2.5 acre tons. It is a tight provide that is seen pricing dramatically impacted by a wave of latest development properties which have traded at record-breaking costs. These current comps helped push the worth of Palazzo di Lago increased.

Even the worth of dust in Stone Creek Ranch is on a steep rise. Again in 2013, the empty lot at 9200 Rockybrook Method traded for $800,000. In 2021, Adzem bought a comparable 2.5-acre lot for $1.7 million.

“The final one they traded was $6 million,” Adzem informed CNBC. “Nevertheless … there are not any vacant tons left on this group.”

And Adzem believes a greater than threefold rise within the worth of dust right here is only the start. She factors to the truth that 2.5-acre tons worthy of a megahome are onerous to come back by in Palm Seashore County, and the dwindling provide on this neighborhood specifically will push lot costs even increased. 

“I really feel just like the dust goes to double as a result of the one upcoming potential gross sales could be teardowns.”

One other market driver: the tiny group’s rising record of VIP homeowners.

In 2021, billionaire hedge fund supervisor and proprietor of the New York Mets, Steve Cohen bought the house subsequent door to 9200 Rockybrook Method for about $22 million, in response to MLS.

“[Potential buyers] usually do look to know who else owns in the neighborhood. That is necessary to them,” Adzem stated. 

Wealthy and well-known residents can create a halo impact and make close by actual property extra fascinating to potential consumers. And there is not any scarcity of ultra-high-net-worth neighbors residing close by, together with a number of current and former CEOs of Fortune 500 corporations, a former NFL participant and a pop star, in response to Adzem and public data.

And now some may even see Walhberg’s new possession as including to the group’s attract. In the meantime, developer Aldo Stark simply completed development and just lately moved into his personal 32,000-square-foot mansion.

Rich consumers seeking to escape the tax burdens of their house states proceed to see the tax benefits provided in Florida as an enormous draw and that helps drive and maintain demand.

“We noticed an enormous inflow and continued inflow of consumers from California, from New York, from Connecticut, they usually need what you see right here,” Adzem informed CNBC.  

Adzem additionally credited Stark’s renovation with including to the property’s worth.

“He did not go impartial and he did not go very mild with shade scheme. He actually needed to make an impression and put his personal style right here,” Adzem stated.

Adzem and Stark would solely characterize the expense as “a multimillion-dollar renovation,” so it is unclear precisely how a lot it took to show a house in-built 2017 into the brand new Palazzo di Lago.

However Adzem informed CNBC the dramatic renovation and the brand new “James-Bond-inspired vibe” have been the ultimate catalysts that delivered a purchaser prepared to pay a premium.