Will and Jada Smith seem to believe in building an empire with a diverse real estate portfolio. But there’s one piece of real estate the couple is offloading for $795,000.
Despite their ups and downs, the scandals and setbacks, the Smiths remain a Hollywood power couple. Will began his career as a rap artist under the moniker Fresh Prince. After starring in “The Fresh Prince of Bel Air,” Will’s acting career took off with blockbuster movies such as “Men in Black.” His wife, Jada, got her start on “A Different World.” She’s starred in films such as “Set it Off,” “The Nutty Professor,” and “Matrix” franchise.
Collectively, the couple has a net worth of $400 million. Will’s net worth is valued at $350 million while Jada’s is worth $50 million. Their main residence is in Calabasas, California.
According to Realtor, the property was purchased in 2012 for $460,000 and is owned through a trust included on the deeds of the couple’s other properties. Located in Owings Mills, Maryland, a suburb of Baltimore, the residence was more than likely inhabited by a family member.
Inside The Maryland Residence
Sitting on a .70-acre lot, the residence was renovated before being listed for sale in January. Renovations were made to enhance the home’s curb appeal and included repaving the driveway, a redesigned walkway, and a garage door.
The 3,184-square-foot home, features bay windows and a gas fireplace in the living room.
The kitchen includes stainless steel appliances and a breakfast bar. The dining room is adjacent to the kitchen and includes French doors.
The kitchen also features Shaker-style cabinets, stainless appliances, and a breakfast bar.
The home boasts five bedrooms, and two are ensuites. The first ensuite is located on the first floor. The space features a gas fireplace, heated floors, wall shelving, a walk-in closet, and a window seat. The master bathroom also has a soaking tub, two vanity spaces, a steam shower, and a wall fireplace. The second ensuite is located upstairs and includes a sitting room.
The backyard features a koi pond, jacuzzi and a large swimming pool.
A Look At the Smith’s Real Estate Holdings
Throughout the years, the Smiths have purchased properties throughout Pennsylvania, California and on several islands in Hawaii.
In 2004 Will spent $2.5 million for a custom-made movie trailer. Named “The Heat,” the two-story trailer allowed Will to travel to movie sets and relax while on set. Featured on HGTV’s “Celebrity Motor Homes,” the trailer included a full kitchen with granite countertops, a private wardrobe, and a large bathroom.
The Smiths’ main residence is a 150-acre estate in Calabasas. The couple purchased the property in 2003 and both consider it a place for comfort and relaxation, according to Architectural Digest. On the compound is a 25,000-square-foot adobe-style main house that includes nine bedrooms, a movie theater, a meditation room, and a recording studio. There’s also an 11,000-square-foot gymnasium, 70 acres of land, and an artificial lake.
Finally, Will Smith partnered with Jay-Z in 2020 to invest in Landis, a startup company offering rent-to-own homeownership opportunities.
