Drake BuysThird Hidden Hills Estate – Drake may be expanding his portfolio of Los Angeles-area real estate. Variety reports that the Grammy-winning artist paid $4.5 million for a house that neighbors his “YOLO estate” in Hidden Hills.
Drake purchased that over-the-top residence in 2012 for $7.7 million. In 2016, it was widely reported that he had paid $2.85 million for a 1950s ranch house across the street. Officially, that house is owned by the Richard Fitzenwell Trust. At the end of August, the trust closed a deal on another neighboring residence. With the purchase of the new home, a roughly 2,450-square-foot ranch with three bedrooms, Drake adds more than 2 acres to his growing compound in the western San Fernando Valley.
It’s unclear whether the rapper or any members of his entourage plan to actually live in the home. Built in 1957, the residence looks to be in need of some interior updates, but boasts some nice features, including beamed ceilings and a brick barbecue. Drake’s main house across the way, meanwhile, has a swimming pool complete with grotto, a mechanical bull, and a revolving bookshelf that leads to the master bedroom. Even while making real estate moves in LA, Drake is also investing boatloads of cash into a behemoth megamansion in his home city of Toronto. It will reportedly include a pool and hot tub suspended above a full-size indoor basketball court.
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