Keke Palmer’s $10M Real Estate Shuffle: Why She’s Selling Two Homes and Moving Into a $5M Mansion

Keke Palmer is making major real estate moves, putting two of her homes on the market while settling into her $5 million Encino, California, estate.

The Emmy-winning actress, singer, and media personality has listed her Studio City, California, home for just under $1.8 million — about $400,000 more than what she paid in 2021, according to Robb Reports. Meanwhile, her Brooklyn penthouse is on the market for $2.99 million, reflecting a $650,000 price increase from her 2020 purchase.

A Look Inside Palmer’s Studio City Home

Built in 1987, Palmer’s Studio City home is a well-positioned Mediterranean-style property located at the end of a cul-de-sac. The 2,600-square-foot residence offers three bedrooms and three bathrooms, blending classic design with modern touches. The exterior features blue-gray stucco, terra cotta roof tiles, and a bright yellow front door.

Inside, an arched entryway opens to a living room with a floor-to-ceiling metallic fireplace. A distinctive forest green spiral staircase connects to a basement that currently serves as an office with access to a private patio. The dining room includes built-in cabinetry with a wine refrigerator, while the powder room is decorated with textured green wallpaper and a custom sink.

The kitchen features a hexagonal tile backsplash, breakfast bar, and double ovens. Upstairs, the primary bedroom suite includes vaulted ceilings, built-in shelving, a walk-in closet, and an attached bathroom. Adding to the property’s appeal, it was previously owned by former Nickelodeon actress Jennette McCurdy from 2013 to 2016.

Keke Palmer’s Brooklyn Penthouse Hits the Market

While her Los Angeles home exudes warm, retro charm, Palmer’s Brooklyn penthouse offers a sleek, modern contrast. The Dumbo loft features high ceilings, industrial-style windows, and panoramic views of the New York City skyline. The open-concept space boasts two bedrooms, a chef’s kitchen with top-tier appliances, and a private rooftop terrace.

She thought it would be great place to raise her young son, Leodis “Leo” Andrellton Jackson. 

Palmer originally purchased the penthouse almost five years ago, in one of the borough’s most esteemed neighborhoods. However, with her career increasingly based in Los Angeles— and a growing preference for privacy — she’s opting to part ways with her East Coast pad.

The former child star’s penthouse is listed for $2.99 million, reflecting a $650,000 increase from the $2.34 million she paid in 2020.

Is Keke Palmer Savvy a Ral Estate Investor?

Palmer’s real estate shuffle comes amid a thriving career. Her latest film with SZA, “One of Them Days,” grossed over $46 million on a $14 million budget, according to Box Office Mojo.

This proves that the star still has staying power at the box office. In addition to acting, she has built a multifaceted career in music, television hosting, and entrepreneurship.

She has released two studio albums, five EPs, three mixtapes, and nearly 30 singles. She also hosted “Just Keke” and “Strahan, Sara and Keke,” and currently fronts the game show “Password.”

Despite her estimated net worth of $7.5 million, Palmer has been vocal about maintaining financial discipline.

“If I got $10,000 in the bank, then my house would be $500 a month. That’s how under I mean, because I can probably afford something $2,500 maybe, but I’m going way under,” Palmer once shared at a financial conference. “Instead of wearing Gucci, I’m wearing Zara. I live in a good place. I drive a cool car, ’cause my money is going elsewhere. … I got a Toyota right now in my driveway.”

Settling Into Her $5 Million Encino Estate

As she offloads her Studio City and Brooklyn homes, Palmer is firmly planted in her $5 million Encino residence, which she purchased in early 2023. The gated estate offers increased privacy, a necessity as her career and public profile continue to rise.

With two high-profile listings on the market and a new chapter unfolding in her Encino home, Palmer is proving that she’s not just a force in entertainment, she’s also making strategic moves in real estate.