Pop superstar Ariana Grande is out almost $600,000 after she sold a house in the Hollywood Hills to rapper Bad Bunny.
The singer recently sold the house for $8.3 million to the Puerto Rican hip-hop star, while she paid roughly $8.9 million for it two years ago, according to the Robb Report.
Between selling the 1,600-square-foot cottage for a loss, paying the controversial Los Angeles “mansion tax” — a 5.5% tax on property sales exceeding $5 million — and other assessments, Grande lost around $1 million on the property, the Robb Report said.
The property was never publicly listed, but tax records indicate the cottage has two bedrooms, three bathrooms, and was built in 1946, but was renovated in 2020, According to the Robb Report.
The property has a long gated driveway that keeps it out sight of the public, but features views of Sunset Boulevard and West Hollywood.
Losses from her poorly timed property purchase won’t make much of a dent in Grande’s bank account. The singer has a net worth of nearly $240 million, according to Cosmopolitan.