Sylvester Stallone moves to Palm Beach

Sylvester Stallone Moves to Palm Beach Florida

Rocky Rocks the Palm Beaches!

Sylvester Stallone and his model wife Jennifer Flavin have purchased a mega lakefront mansion compound for $35.4 million in Palm Beach county in a community known as Manana Estates, which is along the most beautiful stretch of shoreline in the county.

The Bermuda-style property is at 1480 North Lake Way, Palm Beach in a gated community built in 2014. It’s located on 1.5 acres with 13,241 square feet of living space and 253 feet of lakefront with a dock and sandy beach off the seawall. Everything is kept within a serene and secluded compound.

According to county records, the Stallones purchased the property from Ronald and Cindy McMackin, the owners of Pan-Pacific Mechanical. They paid $26.65 million for this mega pad back in 2018. This almost $10 million markup over 24 months is par for the course of the huge increase of prices in the South Florida market, especially in the past year. It is reported Stallone purchased the home in the name of Southpaw Trust, which is a nod to his “Rocky” character from the 1976 film that won the Oscar for best picture.

This is not Sly’s first home in South Florida — in the 1990s, he owned a home on Miami’s Biscayne Bay near Coconut Grove. He sold that home for $16.2 million.

Sly’s new home has seven bedrooms, ten full bathrooms, and two half baths. In addition, the layout includes a gym for Rocky to do his daily grueling workouts to keep in tip-top shape. Wine storage and a family room with a wet bar make the place perfect for a get together. Outside the grounds, there is a unique keyhole-shaped pool with a beachfront spa overlooking the shimmering lake. It also has an open-air cabana facing the swaying palm trees and immaculate landscaping.

When Rocky is done with his workouts, he can walk upstairs to the master bedroom that incorporates a huge walk-in closet and dressing room.

Stallone joins other celebrities in the area whom he can invite to his detached guest pavilion that boasts an airy lounge with a fireplace and lacquered wet bar. He can then open the dramatic French doors, which show a view of the estate’s 250 feet of private water frontage. Major celebs include the two aging rockers Jon Bon Jovi and Rod Stewart, who own vacation homes nearby. Elin Nordegren, Tiger Woods’s ex-wife, also owns a home in this upscale enclave.

Sly Stallone was born Michael Sylvester Gardenzio Stallone on July 6, 1946 in Manhattan, which makes him an amazing 75 this year! He played streetwise boxer Rocky Balboa in eight films and haunted Vietnam veteran John Rambo in five films. He also starred in the Creed movies, which were released nine years after the final Rocky movie in 1990.

Gina Stern

Gina Stern

Gina Stern is a property investor who has been flipping homes for the past twenty-five years and has had many years of experience in the Real Estate Arena. She is passionate about passing her knowledge and experience onto other investors whether they be newbies or seasoned. Her other great passion is writing, that is why she is very honored to be part of the Property Onion Educational Team. Her specialty has been in commercial investing, mainly investing in shopping centers and strip malls, but she is now excited to be fixing and flipping in retirement communities.

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