Xorin Balbes made a significant investment in late 2022 when he bought the Monte Arroyo estate for $11.5 million. After undergoing extensive renovations, the estate was put on the market for $52 million in June 2024. Despite reducing the price, it ultimately sold for $32 million in October 2025, having been downsized from 6.27 acres to about 3.97 acres, showcasing a notable appreciation in the luxury real estate sector.
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