British supermodel and actress Cara Delevingne, aged 33, appears to have cultivated a peculiar pattern of acquiring lavish multi-million-pound mansions in Los Angeles, only to never actually reside in them. This trend has become increasingly evident over the past year and a half, raising eyebrows in the real estate community.
A Series of High-Value Transactions
Last week, Delevingne secured her third property purchase within an 18-month period, a move that comes in the aftermath of a devastating fire that destroyed her previous £5.5 million California residence. She had called that mansion home since 2019, but its loss seems to have spurred a flurry of real estate activity rather than a straightforward relocation.
Previous Property Ventures
In 2024, the model invested £7.9 million in a home formerly owned by actress Milla Jovovich. However, in a curious twist, she never settled into this property before selling it just one year later for a profit of £8.2 million. Similarly, six months ago, she spent £8.1 million to acquire actress Jennifer Lawrence's Los Angeles abode. That property is now back on the market, listed for £8.5 million, with the US property firm North Hillcrest confirming that Delevingne did not move in during her ownership.
Latest Acquisition Details
Her most recent purchase is a stunning £8.5 million five-bedroom home nestled in the Santa Monica mountains. This luxurious estate boasts a swimming pool and beautifully terraced gardens, offering panoramic views and exclusive amenities. The property was bought from Sarah Harrelson, the founder of Cultured magazine, who achieved a significant financial gain from the sale. Harrelson had originally purchased the home for £5 million in 2021, meaning she secured a tidy profit of £3.5 million in just a few years.
Uncertain Future for the New Home
Despite this latest acquisition, it remains uncertain whether Ms Delevingne will actually inhabit this new mansion. Her track record suggests a pattern of buying and holding properties without establishing them as permanent residences, leaving observers to speculate on her long-term intentions. The aerial view of her fire-damaged Studio City property from March 2024 serves as a stark reminder of the incident that precipitated this ongoing property spree, yet it has not led to a stable living situation in any of her subsequent purchases.
This behaviour highlights a unique approach to real estate investment in the competitive Los Angeles market, where high-profile celebrities often buy and sell properties as assets rather than homes. Whether this trend will continue or if Delevingne will eventually settle into one of her luxurious acquisitions is a question that only time will answer.
