Why it costs $1 million to maintain celebrity luxury estates

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Luxury homes like Beyoncé and Jay-Z's Malibu estate take a staff of up to 50 to maintain — and could cost owners $1 million a year

The concrete compound features an infinity pool just steps from the Pacific ocean.More regularly, Heritage Estate Management oversees houses with up to 15,000 square feet, often with six bedrooms or more — the crème de la crème of homes when compared to Los Angeles County's median-sized house ofHuber's clientele, often big-business owners or venture capitalists, can afford to pay others to manage their pricey homes.

Some clients want visits a couple of times a month with annual maintenance, like cleaning and sealing of limestone, while they're out of town. Other clients prefer more regular visits, like once a week.Heritage Estate Management According to Huber, her staff could work 20 hours to 50 hours a month at a single estate. On the low end, that costs owners roughly $36,000 a year."When they came into town, we would have 20 people added in a temporary capacity," she said."It was housekeepers, butlers, ladies' maids, chefs, and all of that, and it would be for three weeks. Just a massive team alongside the skeleton team that we helped put together.

Even only three weeks worth of work comes to about $75,000 at $30 an hour, not including weekend work or overtime — a costly expense for a second home. With 40,000 square feet at their disposal, Beyoncé and Jay-Z definitely have room to stretch their legs. And if they decide they want the extra level of comfort that a full-time staff provides, well, that will come at a hefty fee.Subscribe to push notifications

 

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