Actor Mark Wahlberg has acquired a sprawling $37 million estate in Delray Beach, Florida, joining a growing number of high-profile individuals relocating to the state. The purchase of the fully furnished Italian-style mansion, known as Palazzo di Lago, marks a significant investment in one of South Florida's most exclusive communities.
The property is located within Stone Creek Ranch, a gated enclave that is rapidly earning a reputation as a new "Billionaires' Row." This acquisition follows Wahlberg's recent sale of his Beverly Hills home for $63.1 million, signaling a major shift from California to Florida.
Key Takeaways
- Mark Wahlberg purchased the Palazzo di Lago estate in Delray Beach for $37 million.
- The 18,206-square-foot home sits on 2.7 acres in the exclusive Stone Creek Ranch community.
- The sale is part of a larger trend of celebrities and affluent buyers moving from California to Florida.
- Stone Creek Ranch is emerging as a premier destination for ultra-luxury real estate, with future listings expected to reach up to $100 million.
A Closer Look at the Palazzo di Lago
The Palazzo di Lago is a meticulously designed residence built for luxury and privacy. The home spans over 18,000 square feet and is situated on a 2.7-acre lot, providing ample space and seclusion. Upon entering, visitors are met with a two-story foyer that leads into a grand salon, designed to be filled with natural light.
The estate features seven bedrooms and ten full bathrooms, accommodating both family and guests. Its amenities are extensive and cater to a resort-style living experience. These include a home theater, a professional-grade gym, a sauna, a temperature-controlled wine cellar, and a dedicated cigar lounge. Outside, the property boasts a large resort-style pool and a separate guesthouse.
Property at a Glance
- Price: $37 million
- Size: 18,206 square feet
- Lot: 2.7 acres
- Bedrooms: 7
- Bathrooms: 10 full
- Garage: 7-car capacity
- Key Features: Guesthouse, resort pool, home theater, gym, sauna, wine cellar, cigar lounge.
The interior design emphasizes high-quality materials and craftsmanship. Features like natural stone, marble, and French oak flooring are common throughout the residence, reflecting the standards expected in the ultra-luxury market. The dining room is highlighted by crystal chandeliers, adding to the home's opulent feel.
The Rise of Stone Creek Ranch
Mark Wahlberg's new home is located in Stone Creek Ranch, a community that has become a magnet for the ultra-wealthy. Once a lesser-known area, it is now being called South Florida's newest "Billionaires' Row," a title traditionally held by waterfront properties in Palm Beach.
The enclave is known for its large lots, scenic lakes, and impressive custom-built estates that offer unparalleled privacy. Its secure, gated environment makes it particularly attractive to high-profile residents who value discretion. According to a press release about the sale, the community is described as "a haven where world-class design meets complete discretion."
Recent transactions in Stone Creek Ranch, including the sales of properties nicknamed the "James Bond House" and the "Ferrari House," have solidified its international appeal. The area's real estate market is poised for further growth, with two new listings expected to hit the market soon at price points of approximately $75 million and $100 million.
The Agent's Perspective on Luxury Buying
Michael Costello of Compass, the real estate agent who represented Wahlberg in the purchase, noted that for his clients, the location is more important than the house itself. He emphasizes a lifestyle-first approach when working with buyers.
"I tell everyone, you don't fall in love with the house — you've got to fall in love with the area. You can change your home as much as you want, but you can't change the location."
Costello explained that his process involves understanding how a client wants to spend their time, whether their interests lie in golf, tennis, boating, or dining. This focus on lifestyle helps ensure a long-term fit between the buyer and the community.
He also highlighted that privacy is a top priority for his clientele. Protecting a client's identity during the search and transaction process is a critical part of his job. While non-disclosure agreements are sometimes used, he said they are not yet standard practice for every high-profile deal.
The California to Florida Migration
Wahlberg's move is part of a well-documented migration of wealth and celebrity from states like California to Florida. Favorable tax laws, a warmer climate, and a different political environment are often cited as reasons for the relocation. This trend has significantly boosted Florida's luxury real estate market, particularly in areas like Miami, Palm Beach, and now Delray Beach.
An Active Market for Luxury Homes
The South Florida real estate market remains active, especially at the high end. Costello reported a recent surge in activity, indicating a busy season ahead for luxury properties.
"The last six to eight weeks, we’ve had a ton of showings. People are definitely here looking to buy," he said, adding that other agents are reporting similar trends. Areas like Delray Beach and Jupiter are becoming increasingly popular destinations for luxury buyers seeking both privacy and community.
As more high-net-worth individuals look to Florida, enclaves like Stone Creek Ranch are expected to continue setting new benchmarks for luxury real estate. With its combination of large, private estates and proximity to South Florida's amenities, the community is well-positioned to attract even more prominent residents in the coming years.
