Oakview, Rob Lowe’s grand Montecito estate, popped up for sale priced at $47 million in 2018. Although the asking price dropped to $42.5 million a year later, the 2009-built Georgian went to a new owner in 2020 for $45.5 million.
The property flipped again just recently, it turns out; the buyer who took it off Lowe’s hands just passed it on for $52 million. This time around, there was no open market-listing; the transaction was conducted quietly. According to Dirt, it was pop rocker and Maroon 5 Adam Levine and his model wife Behati Prinsloo who shelled out for it.
Levine and Prinsloo are no strangers to the SoCal luxury real estate market. Their recent residential adventures include the $57.5 million listing of a 10-bedroom estate in Pacific Palisades they picked up for $32 million back in 2018 and renovated. They also marked the beginning of their own multifaceted Montecito dealings with the $22.7 million purchase of an estate in the idyllic city in early 2021, and its subsequent $28.5 million sale just a few months later.
Back in 2020, Lowe didn’t waste time moving into buying mode. In the span of a few months following the sale of the large estate, the actor picked up a Beverly Hills property for $3.8 million, and a trio of residences back in Montecito: a modern-style ranch that ran him $5.2 million, a waterfront home that cost around $17 million, and Stonehedge, a mesmerizingly pretty 1920s estate crowned by a charming 6,000 sq. ft. villa. The latter carried a price tag of $13 million.
Maroon 5 is currently in the middle of its 2022 World Tour. The final show takes place in Toronto in June.