Adele purchasing Sylvester Stallones mansion for $58m after price reduction

Adele is reportedly “paying $58 million” for Sylvester Stallone’s Beverly Hills mansion after sitting on the market for almost a year.

The 33-year-old singer is said to expanding her real estate empire in Los Angeles and appears to be “in escrow for Syl’s massive home” according to TMZ sources.

His mega mansion boasts 18,587 square-foot property was designed by Richard Landry and sits in the highly exclusive guard-gated enclave of North Beverly Park with eight bedrooms and 12 bathrooms.

Stallone had been working hard all year to sell his Hollywood property that he first purchased in the 1990s and initially listed for $110 million.

But after the star-studded property received no interest, the actor knocked the price down to $85 million which features an enormous swimming pool as well as a sprawling 3,5 acre garden.

The 75-year-old Rocky icon, who has since moved with his family to Florida, later decided to relist the property from $85 million down to $80 million in October.

He first worked with Hilton & Hyland real estate agents and worked closely with Paris Hilton’s father Rick and his son Barrow Hilton II and his son’s wife Tessa.

But despite their best efforts, the firm struggled to get the property off the market, which forced the Hollywood star to now work with Tomer and Isidora Fridman, Kurt Rappaport and Jade Mills.

In an interview with People magazine last May, Mills recalled how it was Syl’s wife Jennifer Flavin Stallone – a former model that tied the knot with the boxing actor in 1997- who hired her help.

She told the publication: “I pick up the phone one day, and this voice says, ‘Jade, this is Jennifer Stallone’.

“I was absolutely thrilled to hear from her. She's a very, very successful woman with her skincare products. She's also an interior design.

“So I was just really in awe of her. Both of them are larger-than-life people.”

The home is located in the same neighbourhood where Lisa Vanderpump and Rod Stewart used to live and will no doubt serve as an oasis for the singer songwriter.

The main house features six bedrooms and nine bathrooms including a master suite, three spacious en-suite bedrooms and two maid's bedrooms.

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