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Tyler Perry Makes $1.1M Profit Flipping Beverly Hills Mansion

The mega-producer bought the house in August 2017

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Composite: Nick Springett; Jamie McCarthy/Getty Images
Composite: Nick Springett; Jamie McCarthy/Getty Images

Producer, writer and actor Tyler Perry has made a tidy $1.1 million profit flipping his Beverly Hills mansion. He owned the home for less than nine months.

Mr. Perry, 48, purchased the property, which was built in 1992 for medical technology inventor Alfred Mann, for $14.5 million in August 2017. He listed it for $16.995 million in February. According to data from Redfin, he sold the house last week for $15.6 million.

The star and creator of the "Madea" movie series bought the 10-bedroom, 11-bathroom house at a discount. The modern home had been on the market for more than a year, with a starting asking price of $29.95 million. Mr. Perry bought it for $1.45 million below the final asking price of $15.95 million.

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The home, which is located within the exclusive Mulholland Estates gated community, sits on four acres of land overlooking the city and mountains.

The grounds feature amenities including a pool with a rock sculpture and grotto, a tennis court, a basketball court, a koi pond and a stream. There is also a motor court with room for 30 cars.

The house, which has more than 17,000 square feet of interior space, has floor-to-ceiling windows, skylights and fireplaces in the living room and master bedroom.

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Mr. Perry made another big sale in 2016 in Atlanta, where he operates his hyper-successful Tyler Perry Studios. He sold a 17-acre, French Provincial-style estate for $17.5 million, after initially asking for $25 million. It was the most expensive home sale on record for the city.

Joshua and Matthew Altman, the listing agents for the property, were not available for comment.

A representative for Mr. Perry did not respond to request for comment.

This sale was first reported by the Los Angeles Times.