A Beverly Hills Home Once Owned by Mark Wahlberg Asks $28.5 Million

The former home of actor Mark Wahlberg in Beverly Hills, Calif., is hitting the market for $28.5 million.

The seller is Don Rufus Hankey, founder of the real-estate development company Knight Development Group and son of the auto-services mogul Don Hankey. The younger Mr. Hankey said he bought the house in 2018 for $12.4 million.

Mr. Wahlberg bought the property through a trust in 2001 for nearly $5 million and remodelled it. The “Departed” actor sold it in 2013 for $10.3 million, according to public records.

The main house on the roughly 1.7-acre property was built around 1984. It measures approximately 9,000 square feet with five bedrooms. The property also contains a two-bedroom guesthouse, an outdoor sports court, a putting green, an outdoor kitchen, and a pool with a grotto and waterslide. A roughly 2,900-square-foot, detached gym with a boxing ring dates back to Mr. Wahlberg’s time.

“It had a lot of land, it was a nice house, and it had some special amenities you don’t see in many houses,” Mr. Hankey said. His wife, Skye Hankey, a real-estate agent with Premier Realty Services, is the listing agent on the property along with Myles Lewis of Compass.

The Hankeys spent about four years renovating the property, they said. To enhance the main home’s canyon views, they knocked down walls and installed more windows. They also redid the floors and ceilings, updated the appliances and added smart home technology.

Outside, they redid stone work and landscaping and repaved the driveway and sports court. They also knocked down an old pool house, and added an outdoor kitchen and a pool bathroom, Ms. Hankey said.

Mr. Hankey said he and his wife considered moving into the home but instead decided to list it after renovations were completed this year. Their primary home is in Florida, they said.

The home is located in a gated community called Oak Pass Road in the wealthy ZIP Code 90210. According to Redfin, the average sale price in 90210 was $7.15 million last month, up 21.7% from the same time last year.

Mr. Wahlberg, who stars in HBO’s “Wahl Street,” now lives outside Las Vegas.

There are 10 local council areas scattered along the East Coast of Australia that offer both affordability and solid fundamentals for sustainable future growth, according to the research team at residential property network, PRD. The areas have been selected based on five criterion. They are affordability – defined as a median house price below $600,000, rising house values, strong rental yields to encourage investment, a strong pipeline of residential, commercial and infrastructure projects to facilitate local economic development, and low unemployment.

Here are Australia’s 10 most affordable regional property markets with great future potential.

Mackay, QLD

Mackay is a tropical coastal area located in north Queensland. It’s known for its closeconnection to the Great Barrier Reef. The median house price is $462,750, up 8.9 percent in 2023. Mackay attracts a lot of interstate migrants and is home to more than 120,000 people. It has a healthy economy with an unemployment rate of 3.7 percent and $1.7 billion worth of projects due to commence this year.

Toowoomba, QLD

The Toowoomba median house price was up 10.9 percent in 2023.

Toowoomba is located west of Brisbane and is known for its Victorian buildings, street artand surrounding national parks. The median house price is $560,000, up 10.9 percent in 2023. The city has a population of more than 180,000. The unemployment rate is 4 percentand there is $6.1 billion in projects commencing in 2024.

Townsville, QLD

Townsville is a coastal city in north-eastern Queensland. The median house price is $420,000, up 5 percent in 2023. It is home to more than 200,000 people. Unemployment is very low at 2.5 percent and there is $3.2 billion of projects commencing this year.

Dubbo, NSW

Dubbo is located west of Newcastle in the Orana Region and is home to the Western Plains Zoo. The median house price is $530,000, up 11.6 percent in 2023. The population has exploded in recent years to more than 56,000 people. The unemployment rate is just 2.2percent and the economy is thriving. There is a pipeline of $4.7 billion in projects commencing this year.

Tamworth, NSW

Located in north-east NSW, Tamworth is known for its popular annual Country Music Festival. It’s also the largest retail centre for the New England and Northwest Slopes regions. The median house price is $490,000, up 14 percent in 2023. With a population of more than 65,000 people, the economy is strong with unemployment of just 2 percent and $112.4million worth of projects commencing this year.

Griffith, NSW

Located west of Sydney and northwest of Canberra, Griffith is known for its prime produce production and wine cultivation. The median house price is $531,000, up 2.1 percent in 2023. Griffith’s population is about 27,000 people. The city boasts high economic resilience with a 2 percent unemployment rate and $258.7 million in projects in the pipeline.

Ballarat, VIC

Ballarat is a 1.5–hour drive west of Melbourne. It’s popular with city commuters who move here for housing affordability and a relaxed lifestyle with easy access to the city via train. The median house price is $570,000, down 4.2 percent in 2023 but up 92.9 percent over the past decade. The city has the third highest population in Victoria at about 118,000. Ballarat has an unemployment rate of 3 percent and a total projects pipeline worth $2.3 billion for 2024.

Shepparton, VIC

Shepparton is a rural area about two hours north of Melbourne. It is popularly referred to as ‘the food bowl of Australia’. The median house price is $475,000, up 4.4 percent in 2023. The population is about 70,000. The unemployment rate is just 2 percent and there is $1.8 billion in projects for 2024.

Wodonga, VIC

Wodonga is located on the border of NSW on the southern side of the Murray River. It is approximately 320km from Melbourne and 345km from Canberra. The median house price is $567,250, up 4.7 percent in 2023. With a population of about 44,000, the city’s jobless rate is 3 percent and there is $388.2 million in development set to commence in 2024, primarily new infrastructure.

Burnie, TAS

Burnie is a bustling port city located in Emu Bay in Tasmania’s north-west. Overlooking beaches and parklands, the area is known for its rich agriculture and mining projects. The median house price is $435,000, up 3.6 percent. Despite a rising population, the unemployment rate is falling and is currently 5.6 percent. In 2024, Burnie’s project pipeline is valued at approximately $1.6 billion. A significant portion is commercial development, primarily renewable energy projects.