Mark Wahlberg Closes on $37 Million Florida Estate, Marking One of the Year’s Most Significant Real Estate Deals
West Palm Beach, FL – October 21, 2024 - Actor Mark Wahlberg has finalized the purchase of a sprawling waterfront estate in Palm Beach, Florida, for $37 million, property records confirm. The transaction,completed on October 18,2024,positions Wahlberg as the latest high-profile celebrity to invest in south Florida’s booming luxury real estate market.
The purchase underscores a continuing trend of affluent individuals relocating to Florida, drawn by the state’s favorable tax climate and lifestyle amenities. wahlberg’s investment adds to a growing roster of celebrities and business leaders choosing Palm Beach as a primary or secondary residence, driving up property values and reshaping the region’s landscape. The estate, located within the exclusive Bear’s Club community, offers Wahlberg and his family a private and secure retreat while further solidifying his ties to the state where he has increasingly focused his business ventures.
The newly acquired property, situated at 1790 South Ocean Boulevard, boasts approximately 6,500 square feet of living space and direct access to 600 feet of ocean frontage. The estate features six bedrooms, eight bathrooms, a gourmet kitchen, and multiple indoor-outdoor living areas designed for entertaining. A significant draw is the property’s private beach access and expansive grounds,offering a high degree of privacy.
The seller was Daniel Petroni, a noted real estate developer. Petroni had extensively renovated the property, enhancing its luxury appeal and modern amenities. The sale included a separate guest house and a three-car garage.
Wahlberg, known for his roles in films like The Departed and Uncharted, has been expanding his business interests beyond acting, including the Wahlburgers restaurant chain and the Municipal sportswear brand. His move to florida aligns with a broader strategy of diversifying his portfolio and establishing a stronger presence in the southeastern United States.
