Mark Wahlberg’s $37 million mansion skyrocketed in worth. This 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 Architectural Digest, with a lot of the concentrate on the superstar purchaser.

However other than the title recognition, the house’s skyrocketing value 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% value improve from its sale in January 2020 when the totally furnished mansion traded for $17 million.

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

In Delray Seashore, the typical sale value 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% based on Elliman Report information 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 fingers 4 occasions 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 referred to as the Sundara property. Three years later, Adzem represented the mansion’s second homeowners who listed the house once more, when it offered for $26 million, up 53% in simply three years.

Slightly over a yr after shopping for the place, public data present a belief related to William Cafaro, the co-president of a retail property improvement 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 offered the house as half of a bigger $50.5 million deal to buy a Ferrari-inspired mansion lower than half mile up the highway in Stone Creek Ranch. Casa Maranello, because it’s identified, was being offered 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 million in money, plus the deed to 9200 Rockybrook Means, which was valued within the deal on the identical value 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 virtually 17,800-square-foot megahome. He scrapped the previous Sundara title 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 utterly reimagined every thing 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 title 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 bold $45 million asking value, $19 million greater than what Stark paid for it two months earlier and 165% greater than what it offered for in 2020.

By October Adzem closed the fourth deal and delivered Palazzo di Lago to its fifth proprietor, who the client’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 occasions 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.

“Individuals’s circumstances change and so they have totally different chapters of their life. So we had been privileged to have the ability to information this house by totally different evolutions and totally different homeowners and be capable of 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 53% rise in value from 2020 to 2023 to the pandemic, which made demand and costs for houses in South Florida surge.

“After Covid, our market undoubtedly accelerated,” she instructed CNBC.

A few of the different market dynamics driving the value 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 houses every on about 2.5 acre heaps. It is a tight provide that is seen pricing dramatically impacted by a wave of recent development houses which have traded at record-breaking costs. These current comps helped push the value of Palazzo di Lago larger.

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

“The final one they traded was $6 million,” Adzem instructed CNBC. “Nevertheless … there aren’t any vacant heaps left on this group.”

And Adzem believes a greater than threefold rise within the value of filth right here is just the start. She factors to the truth that 2.5-acre heaps worthy of a megahome are exhausting to come back by in Palm Seashore County, and the dwindling provide on this neighborhood specifically will push lot costs even larger. 

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

One other market driver: the tiny group’s rising listing 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 Means for about $22 million, based on MLS.

“[Potential buyers] sometimes do look to know who else owns in the neighborhood. That is vital 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 isn’t 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, based on 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 lately moved into his personal 32,000-square-foot mansion.

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

“We noticed a giant inflow and continued inflow of consumers from California, from New York, from Connecticut, and so they need what you see right here,” Adzem instructed 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 coloration scheme. He actually needed to make an influence 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 inbuilt 2017 into the brand new Palazzo di Lago.

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

Correction: William Cafaro paid for the brand new house with $24.5 million in money. A earlier model of this story omitted the million.