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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The 2026 McGrath Report warns that without urgent reforms to planning, infrastructure and construction, housing affordability will continue to slip beyond reach for most Australians.
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Australia’s housing market has reached a critical juncture, with home ownership and rental affordability deteriorating to their worst levels in decades, according to the McGrath Report 2026.
The annual analysis from real estate entrepreneur John McGrath paints a sobering picture of a nation where even the “lucky country” has run out of luck — or at least, out of homes.
New borrowers are now spending half their household income servicing loans, while renters are devoting one-third of their earnings to rent.
The time needed to save a 20 per cent deposit has stretched beyond ten years, and the home price-to-income ratio has climbed to eight times. “These aren’t just statistics,” McGrath writes. “They represent real people and real pain.”
McGrath argues that the root cause of Australia’s housing crisis is not a shortage of land, but a shortage of accessibility and deliverable stock.
“Over half our population has squeezed into just three cities, creating price pressure and rising density in Sydney, Melbourne and Brisbane while vast developable land sits disconnected from essential infrastructure,” he says.
The report identifies three faltering pillars — supply, affordability and construction viability — as the drivers of instability in the current market.
Developers across the country, McGrath notes, are “unable to make the numbers work” due to labour shortages and soaring construction costs.
In many trades, shortages have doubled or tripled, and build costs have surged by more than 30 per cent, stalling thousands of projects.
Need for systemic reform
McGrath’s prescription is clear: the only real solution lies in increasing supply through systemic reform. “We need to streamline development processes, reduce approval timeframes and provide better infrastructure to free up the options and provide more choice for everyone on where they live,” he says.
The 2026 edition of the report also points to promising trends in policy and innovation. Across several states, governments are prioritising higher-density development near transport hubs and repurposing government-owned land with existing infrastructure.
Build-to-rent models are expanding, and planning reforms are gaining traction. McGrath notes that while these steps are encouraging, they must be accelerated and supported by new construction methods if Australia is to meet demand.
One of the report’s key opportunities lies in prefabrication and modular design. “Prefabricated homes can be completed in 10–12 weeks compared to 18 months for a traditional house, saving time and money for everyone involved,” McGrath says.
The report suggests that modular and 3D-printed housing could play a significant role in addressing shortages while setting a new global benchmark for speed, cost and quality in residential construction.
Intelligent homes
In a section titled Weathering the Future: The Power of Smart Design, the report emphasises that sustainable and intelligent home design is no longer aspirational but essential.
It highlights new technologies that reduce energy use, improve thermal efficiency, and make homes more resilient to climate risks.
“There’s no reason why Australia shouldn’t be a world leader in innovative design and construction — and many reasons why we should be,” McGrath writes.
Despite the challenges, the tone of the 2026 McGrath Report is one of cautious optimism. Demand is expected to stabilise at around 175,000 households per year from 2026, and construction cost growth is finally slowing. Governments are also showing a greater willingness to reform outdated planning frameworks.
McGrath concludes that the path forward requires bold decisions and collaboration between all levels of government and industry.
“Australia has the land, demand and capability,” he says. “What we need now is the will to implement supply-focused solutions that address root causes rather than symptoms.”
“Only then,” he adds, “can we turn the dream of home ownership back into something more than a dream.”
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