Category Archives: Homebuying

EXCLUSIVE: Lizzo Finally Sells Beverly Hills Home at a $3.9 Million Loss After Spending More Than a Year Trying To Find a Buyer

Pop sensation Lizzo has finally sold her beleaguered Beverly Hills, CA, mansion—but has taken a $3.9 million loss on the property after spending more than a year trying to secure a buyer.

The “Tempo” hitmaker, 37, whose real name is Melissa Viviane Jefferson, snapped up the dwelling for $15 million nearly four years ago, but after just a year and a half of ownership, she put it back on the market in December 2024 for the elevated asking price of $15.99 million.

Built in 2018, the property was constructed on the same parcel where musician Harry Styles had previously owned a home, however that dwelling was demolished soon after he moved out in 2016 and replaced with the newer abode.

But for all its celebrity ties, the property struggled to find a buyer—prompting Lizzo to steadily lower her asking price on multiple occasions over the following year, eventually dropping it to $12.5 million in January.

Earlier this month, Mansion Global reported that Lizzo had found a buyer for the home, and now Realtor.com® can exclusively reveal that the songstress has closed on that deal, accepting an even lower offer of $11.15 million, nearly $4 million less than she paid for the home four years ago and more than $1 million below the most recent asking price of $12.5 million.

Pop sensation Lizzo has finally sold her beleaguered Beverly Hills mansion—but has taken a $3.9 million loss on the property after spending more than a year trying to secure a buyer. (Slaven Vlasic/Getty Images for Amazon)

According to the listing, which was held by James Harris of Carolwood Estates, the abode is “nestled within the prestigious gated enclave of Oak Pass Road in Beverly Hills.”

It was described a “modern sanctuary [that] embodies a rare synergy of architecture and nature. Positioned on a peaceful .32-acre lot, this three-bedroom, five-bathroom retreat offers a secluded haven with panoramic canyon and hillside vistas,” the listing adds.

The pad is crafted with “wood, stone, glass and fire elements,” that allow every room in the home to “welcome the outdoors through expansive floor-to-ceiling glass, creating a zen-inspired atmosphere for ultimate relaxation.

“The home’s L-shaped design and sculpted landscape enhance privacy, embracing the surrounding natural beauty,” the listing notes.

Upon entering the property, guests are greeted with an expansive living room that comes complete with a built-in bookshelf and a chic stone fireplace.

Adjacent to the living area, there is an elegant dining room with wood-beamed ceilings and black glass doors doors the give way to the outside.

The chef’s kitchen features a large marble island with enough seating space for four people, state-of-the-art appliances, and an expansive glass window that overlooks sweeping views of California.

Upstairs, there is a moody crystal room filled with crystals, a cozy couch, and a slew of musical instruments—making it the perfect spot for the songstress to record her hits.

Built in 2018, the property was constructed on the same parcel where musician Harry Styles had previously owned a home. (Kevin Mazur/Getty Images for Pandora)

“A dedicated gym and wellness area, private studio/office, theater room, and an outdoor kitchen with a fire pit complete this residence, a true celebration of refined, tranquil living in an extraordinary setting,” the listing adds.

The chic bathroom is the definition of luxury as it comes complete with a large soaking tub and a glass shower.

Outside the abode, there is a saltwater infinity pool, which offers breathtaking views from the lounge chairs, and plenty of lush greenery.

“Terraces along the property reveal sweeping views of the private backyard and surrounding mountains, with an inviting spa and lounge area designed for alfresco dining and gatherings, the listing stated.

“Oak Pass Road is an exclusive gated neighborhood in Beverly Hills Post Office situated west of North Beverly Park, with only 42 private residences offering unparalleled access to the shopping, dining and nightlife of Rodeo Drive and the iconic Beverly Hills Hotel.”

Lizzo rocketed to superstardom six years ago when she released her third studio album with hits such as “Juice” and “Tempo.”

She’s since created an extensive collection of Grammy-winning music, and she won an Emmy for her reality competition show, “Lizzo’s Watch Out for the Big Grrrls.”

Before her breakout success, Lizzo trained as a professional flutist and struggled to work her way into the hip-hop industry. She also famously had a stint living in her car.

Million-Dollar Home Sales Are Growing—and Affluent Buyers Are Paying in Cash

The market for million-dollar homes is expanding across the United States, but growth isn’t limited to traditional luxury hubs. The metros of Colorado Springs, CO, Durham-Chapel Hill, NC, and Seattle are also seeing significant increases in seven-figure sales, driven by distinct factors.

In Seattle, tech wealth and limited housing are driving the trend, whereas the appeal of Colorado Springs as a military hub and an influx of high-income residents are fueling its growth. Meanwhile, Durham-Chapel Hill’s tech and life sciences industries are attracting investment and boosting demand.

Unsurprisingly, California’s coast continues to draw a steady stream of affluent buyers, many of whom are paying for their homes in cash. Cities such as San Luis Obispo and Los Angeles exemplify this trend, with a high proportion of sales exceeding the million-dollar threshold.

The expansion of the $1 million-plus housing market is largely being driven by rising property values, which continue to push more homes into the luxury category.

“In some markets, particularly in high-priced California metros, $1 million isn’t necessarily a luxury price—it’s just the norm for a typical home,” says Hannah Jones, senior economic research analyst at Realtor.com®.

Nationally, there have been increases in both the number and share of such sales in more than half of the 200 largest metros in the year ending November 2024, according to the National Association of Realtors®.

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And, over the past year, nearly 300,000 home sales surpassed the $1 million mark, up from 275,000 the previous year, according to Realtor.com data.

Many high-end buyers either purchase homes in cash, avoiding borrowing costs entirely, or use financing strategies that help minimize the impact of higher mortgage rates.

Experts point to a combination of rising interest rates and limited inventory as key drivers of this trend. With 30-year fixed mortgage rates hovering between 6% and 7%, many potential buyers are being priced out of homeownership.

“Million-dollar homebuyers are often on their second or third home transaction, with a significant percentage of cash down payment, allowing for greater budgetary flexibility,” says Jay K. Gupta, broker associate at Equity Colorado Real Estate.

(Realtor.com)

Coastal markets lead the way

California’s coastal cities remain at the forefront of the seven-figure home boom. San Luis Obispo recorded the largest surge, with 38.6% of all home sales surpassing $1 million—a 6.5 percentage-point increase from the previous year. The Los Angeles metro area followed closely, with sales over $1 million climbing by 5.9 points, now comprising 47.7% of all transactions.

Other coastal cities, such as Seattle, also saw notable gains. The share of $1 million-plus home sales in Seattle rose by 5.5 percentage points, now representing 27% of the market.

Cash transactions remain a major factor in these markets. In Los Angeles, nearly half of purchases in this category are cash-based—a trend similarly observed in Seattle.

San Luis Obispo, CA, recorded the largest surge, with 38.6% of all home sales exceeding $1 million.

Luxury growth beyond California

While California leads the high-end real estate market, other metro areas across the country are also experiencing a sharp increase in sales of homes above the $1 million mark.

In Colorado Springs, 14.2% of homes sold in 2024 exceeded seven figures, reflecting a 6.3 percentage-point jump from the previous year.

“Colorado Springs is a highly livable city, consistently ranking on livability indexes. With abundant trails, open spaces, and a strong school system, it’s an attractive place to live,” says Benjamin Day, managing broker at LIV Sotheby’s International Realty in Colorado Springs.

In 2024, 12.6% of homes sold in Durham-Chapel Hill surpassed $1 million, marking a 5.5 percentage-point increase year over year.

The Triangle region, which includes Raleigh, Durham, and Chapel Hill, is a growing hub for industries such as technology, life sciences, advanced manufacturing, and clean technology. Major employers like Duke University, IBM, and Cisco Systems, alongside hundreds of biotech and research firms, are fueling innovation and job growth in the area.

“The Durham-Chapel Hill area is home to numerous colleges, universities, and medical facilities, which have driven significant migration and employment opportunities. North Carolina has historically been more affordable than many other markets, and it offers a mild climate,” says Cara Ameer, a real estate agent licensed in California and Florida with Coldwell Banker.

Meanwhile, Colorado Springs has positioned itself as a rising tech hub, ranking second among North America’s emerging technology markets. Companies such as Oracle and Hewlett Packard Enterprise have expanded their operations there, attracting high-income professionals. Over the past five years, tech wages in Colorado Springs have surged by 20%, further driving demand for luxury homes.

“The city is home to major industries, from aerospace and cybersecurity to a booming tech sector. With five military installations, a large defense industry, and even a five-diamond resort like The Broadmoor, Colorado Springs has a diverse economic foundation,” adds Day.

Colorado Springs, CO, recorded a sharp increase in high-end home sales, with 14.2% of home sales surpassing $1 million.

A resilient luxury market

The continued demand for luxury properties highlights the resilience of the high-end housing sector, even as affordability challenges persist for the broader market. Realtor.com data shows that the median national list price reached $400,500 in January 2025.

“Buyers in higher price tiers are generally better equipped to handle rising rates and tend to prioritize factors like location or home size,” adds Jones.

According to the Realtor.com 2025 Housing Forecast, existing-home sales are expected to grow by only 1.5% year over year, reaching an annual total of 4.07 million sales.

“The luxury market has been surging, and luxury buyers are largely insulated from high mortgage rates and down payment concerns. They move because they want to, and they often seek change, investment opportunities, or a new lifestyle,” says Ameer.

The growing presence of tech companies in cities like Colorado Springs is another factor expected to sustain demand for high-end properties. As these businesses continue expanding, they attract highly paid professionals willing to invest in luxury real estate—further pushing prices upward.

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As home prices rise and economic factors shift, the million-dollar-plus housing market remains one of the most resilient segments of the real estate industry.

With affluent buyers continuing to drive demand, million-dollar home sales will likely remain a key indicator of market strength in 2025 and beyond, says Day.