Inside Sylvester Stallone’s $35M Palm Beach Estate

Don’t call this house expendable. “Rocky” and “Rambo” star Sylvester Stallone and his wife, Jennifer Flavin, purchased a waterfront estate in Palm Beach, Florida, for $35.375 million in late December 2020.

That’s probably more than Rocky earned during his entire (fictional) boxing career, but the price tag isn’t surprising, given the extra-exclusive location and wealthy neighbors, which include radio king Howard Stern and a multitude of billionaires who own homes in the area.

Want to see where the movie star lives? We have a ringside seat. 

The estate includes a mansion, guest house, guest pavilion and a pool house, all of which is located on 1.5 acres of beachfront property.

In total, the compound has 13,241 square feet of living space, seven bathrooms and 12 bathrooms. 

According to the West Palm Daily News, which first reported on Stallone’s new digs, the actor financed part of the sale with a $15 million, 30-year mortgage, meaning his down payment was over $20 million. 

With 2020’s average mortgage rate of about 3 percent, Stallone pays around $63,000 in interest each month. 

That’s an incredible amount of money, but it’s something that Stallone can easily afford. Can you guess how much he’s worth?

He doesn’t need to save up to upgrade the kitchen.

Stallone is worth around $400 million, according to Celebrity Net Worth.

The actor directs, stars in and produces almost all of his movies, which means he gets a larger cut of the profits.

Living in Florida is just one of the ways the ultra-rich can skip out on paying more taxes, thanks to the state’s lack of income tax rates. 

But we’re not sure if this is Stallone’s main place of residence. He still owns a multimillion-dollar, 15,400-square-foot-house in Los Angeles’ Beverly Park neighborhood, widely reported to be the 74-year-old’s main mansion. 

In March 2020, he sold a Mediterranean-style vacation property in La Quinta, California, for $3.35 million, for a loss of $1.15 million.