Here’s What It Would Cost per Month To Live in These 4 Celebrity Winter Homes
Written by
Sarah Li Cain
Edited by
Amen Oyiboke
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Most of us probably won’t be able to own a winter home. The reality is that we won’t be able to afford the jumbo mortgages, sky-high property taxes, utilities, and the never-ending utility bills. Still, it doesn’t hurt to dream, right?
Here are five celebrity winter homes, and what it would cost to maintain them.
How We Estimated the Monthly Cost of Celebrity Winter Homes
To estimate the costs you’ll see below, the same financial assumptions were used across all properties.
Mortgage payments are based on a 30-year fixed loan at a 7.0% interest rate with a 20% down payment. Property taxes reflect average effective rates in California (around 1.1%) and Florida (around 1%).
Insurance estimates accounting for coastal risks and utility costs were based on data found from the U.S. Energy Information Administration and local utility providers.
The figures from the cost estimates are meant to show realistic monthly ranges.
1. Beyoncé and Jay-Z’s Malibu Estate
According to Forbes, Beyoncé and Jay-Z made headlines back in 2023 when they purchased a Malibu mansion for about $200 million, one of the most expensive home sales in U.S. history.
Assuming a 20% down payment, the home loan comes out to roughly $160 million. The estimated mortgage payment alone is around $1.06 million per month. Add in $183,000 for property taxes. Insurance for a coastal California estate of this size can easily reach $67,000 monthly. It’s also safe to estimate between $15,000 to $20,000 for utilities, including security systems, pools and heating and cooling.
That brings it to an estimated total monthly cost of $1.33 million.
2. Pierce Brosnan’s Malibu Beach House
Often referred to as the Orchid House, according to Architectural Digest, Pierce Brosnan’s Malibu home has been valued at nearly $100 million — it could be even higher now.
Assuming an $80 million mortgage, the monthly payments land around $532,000. Add about $19,700 per month for property taxes, and about $35,000 for homeowners’ insurance. Because of the size, location and the fact that it’s near the ocean, utilities are probably about $12,000 to $18,000 per month.
Yes, you’re looking at an estimated total monthly cost of about $675,000.
3. Cher’s Cliffside Malibu Home
Back in 2024, Cher listed her home, a dramatic cliffside Malibu estate, for about $75 million.
Monthly mortgage costs are estimated at $399,000, with property taxes hovering around $68,750 monthly. Insurance for this type of specialty property can run about $30,000 per month, and you’re looking at estimated utility costs of about $10,000 to $15,000 each month.
That brings us to a total of around $570,000 per month.
4. Naomi Osaka’s Former Florida Winter Home
Naomi Osaka purchased a waterfront home in North Bay Village, Florida, for about $6.3 million, before selling it back to the very couple she bought it from, as reported by Architectural Digest.
While this home feels more affordable than the others on the list, the monthly costs still add up. Mortgage payments are estimated at about $33,500 per month, with property taxes around $5,250 monthly.
In Florida, homeowners’ insurance tends to cost more than in other parts of the country due to hurricane and flood risks. Estimated premiums for the home run roughly between $5,500 to $6,400 per month, and utilities range from $4,000 to $6,000.
All in all, if you were to own this home, you’d probably pay between $48,000 to $51,000 to live there.
More From GOBankingRates
