Beverly Hills Mansion Mark Wahlberg Built Is Back on the Market for $68 Million
It’s being sold by a Chinese billionaire who’s accumulated a handsome portfolio of lavish real estate in the U.S.
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The Beverly Hills megamansion Mark Wahlberg built is back up for sale asking $68 million.
The 6-acre European villa-style estate in the hills of South Beverly Park— with a five-hole golf course, a waterfall and 20 bathrooms—is being sold by an LLC linked to Shenzhen-based business mogul Xu Hang.
Hang, founder of a medical device company who is featured on Forbes’s list of China’s richest people with an estimated net worth of $8 billion, bought it from Wahlberg for $55 million in 2023, property records show.
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The LLC is controlled by Hang’s wife, Gu Fang, who has snapped up several celebrity- and magnate-owned homes in recent years, including Heather and Terry Dubrow’s Newport Beach chateau and Rihanna’s New York City penthouse, according to reports.
Wahlberg let go of his 90210 address and the massive custom home while relocating to Las Vegas.
Since moving, the 53-year-old “Departed” star has made headway on his plan to create a “Hollywood 2.0” in the desert state. He’s been lobbying, along with Sony Pictures and Howard Hughes Holdings, to get a movie tax bill passed that would allow Sony to build a studio in Summerlin, Nevada.
The listing marks a $13 million price hike over what the buyer paid for the home just two years ago, though Wahlberg at one point had the mansion listed for as much as $87.5 million, Mansion Global previously reported .
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The 30,000-square-foot mansion boasts a double-height foyer and a double staircase, a wood-paneled library, a two-island kitchen, glass gym and a home theater with dome ceiling detailing, according to the listing.
The lower level also has a “sophisticated tasting and smoking lounge,” the listing read.
Tucked in its own valley, according to listing photos, the grounds of the property feature an impressive circular motor court and fountain in the front and a wide lawn in the back. Beyond the lawn there’s a swimming pool and grotto, pickleball courts, basketball courts, a guest house and an abundance of patio space.
The estate was designed by Richard Landry, called the “King of the Megamansion,” who has erected homes for Kourtney Kardashian and Tom Brady.
Listing agent Ginger Glass at Compass didn’t respond immediately to a request for a comment.
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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.
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The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.
Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.
“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”
Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”
“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”
Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.
Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.
Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.
The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.
Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.
“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”
Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.
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