Paris Hilton's $63M mansion buy led US home sales in June
The mammoth Beverly Hills estate cost Hilton and her venture capitalist husband, Carter Reum, a cool $63 million.
Their purchase topped out Redfin's top 10 list of the country's most expensive home sales, as did five other California-based transactions. Agents told CNBC the recent ranking reflects a pattern of luxury real estate regaining momentum in fire-ravaged Los Angeles.
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9 Paris Hilton, pictured in June.
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9 Hilton and her husband, Carter Reum, share two children — and a new place to call home.
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9 Wahlberg and his wife Rhea Durham sold the impressive property for $55 million in 2023.
Paul Barnaby
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Indeed, Hilton and Reum, who share two young children, lost their $8.4 million oceanfront Malibu home to the Palisades Fire — one of several that raged through the state in January. Hilton was candid about the loss in a post to her millions of Instagram followers.
'Sitting with my family, watching the news, and seeing our home in Malibu burn to the ground on live TV is something no one should ever have to experience,' the heiress and influencer wrote.
The sheer scale of her family's new home makes its eye-watering $63 million price a little more understandable.
9 A sun-lit dining room.
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9 One of two kitchens in the main house.
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9 A wine and cigar cellar with a tasting area.
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9 The outdoor pool includes a grotto, waterfalls and waterslides.
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The nearly 30,500-square-foot spread sits on 6 private acres. The extensive grounds feature a sports court, a skate park, a five-hole golf course and a pool worthy of a waterpark. A main house and a guesthouse include a collective 12 bedrooms — as well as a wine and cigar cellar, a home theater and staff quarters.
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The mansion's sellers made a tidy profit from the deal, CNBC reported, even accounting for Los Angeles' hefty mansion tax. Their success makes Mark Wahlberg's $55 million sale of the home in 2023 look sadly premature.
Hilton and Reum's purchase is currently the fifth priciest home sale of 2025, according to Redfin.
Nicole Plaxen, an agent with the Beverly Hills Estates, told CNBC that LA's luxury market is being driven by displaced homeowners like Hilton. Plaxen also noted a return in foreign buyers, especially from China.
9 The Palisades Fire claimed modest starter homes and A-lister mansions alike.
London Entertainment for NY Post
9 Hilton closed on the home five months after losing her family's Malibu beach house.
Paul Barnaby
The other 50% of Redfin's chart-topping June sales took place elsewhere: Three in coastal Florida, one in Manhattan and another on Lake Tahoe's Nevada side. All 10 sold for more than $30 million.
New York's appearance in the June rankings was credited to the sale of a 50-foot-wide mansion in Midtown Manhattan. The sprawling 22-bedroom residence just off Fifth Avenue was built for a cousin of J.P. Morgan during the city's Gilded Age. The seller, previously reported at real estate developer Orin Wilf, cinched a $38.2 million deal on the property.
Neither Wilf's sale nor Hilton's purchase comes even close to the year's most expensive deal so far. That superlative belongs squarely with the $225 million sale of three adjacent beachfront properties in Naples, Florida. The April transaction marked the second-highest home sale ever in the US, trailing Ken Griffin's $238 million penthouse purchase at 220 Central Park South in early 2019.
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President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. Trump threatens EU with increased tariffs if it doesn't meet investment pledge President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. 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The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. India hits back at Trump's tariff threat India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. 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