Have you ever wondered where Marcus Lemonis lives? The famous TV star from “The Profit” owns some really cool houses. Marcus is a rich businessman who helps other companies grow. He also has great taste in homes.
Marcus Lemonis has owned many beautiful houses over the years. He likes to buy homes, fix them up, and sometimes sell them. This is just like what he does with businesses on his TV show. Let’s take a look at all his amazing homes and learn what makes them special.
In this guide, you will learn about Marcus’s most famous houses. We will talk about where they are, how much they cost, and what cool things they have inside. By the end, you will know all about the homes of this TV star and business expert.
What is Marcus Lemonis House Collection?
Marcus Lemonis doesn’t just own one house. He owns several homes in different places. This is called a real estate portfolio. Rich people often buy many homes so they can live in different cities.
Marcus has owned homes in these main places:
- Montecito, California (near Santa Barbara)
- Lake Forest, Illinois (near Chicago)
- Gold Coast area in Chicago
- Wellington, Florida
- Manhattan, New York
Each house is different and special. Some are big mansions with many rooms. Others are modern condos in tall buildings. Marcus picks houses that fit his lifestyle and work needs.
Marcus Lemonis Montecito Estate – The Crown Jewel
The most famous Marcus Lemonis house is in Montecito, California. This is a very fancy area where many rich and famous people live. Oprah Winfrey lives just down the street from Marcus.
Marcus bought this house in 2016 for $6.85 million. Then he spent over two years making it even better. He fixed everything from top to bottom. In 2022, he tried to sell it for $24.85 million. Later, he sold it for $18 million in 2023.
Here are the cool things about this house:
- 8,100 square feet of space
- Five big bedrooms
- Eight bathrooms
- Built like a modern farmhouse
- Swimming pool and spa
- Two acres of land
- Ocean and mountain views
- Huge master closet (big enough for a dinner party!)
The house was built in 1989 by famous architects. Marcus made it look brand new with the best materials and designs. The kitchen has top quality appliances. The living room has super high ceilings that make you feel like you’re in a palace.
Lake Forest Chicago Mansions – The Property Flip Story
Marcus Lemonis also loves Lake Forest, Illinois. This is a rich area near Chicago where many business people live. Marcus did something really smart here. He bought two houses next to each other.
First, he bought a big Georgian-style mansion in 2013 for $4.95 million. This house has seven bedrooms and is 7,405 square feet. Then in 2018, he bought the house right next door for $1.85 million. This second house has six bedrooms and is 6,527 square feet.
The second house was built in 1930 by Walter Frazier, a famous architect. It has these cool features:
- Six fireplaces throughout the house
- Original hardwood floors
- Winding staircase in the front hall
- Library with built-in bookshelves
- One-bedroom guest house outside
Marcus fixed up the second house quickly. He replaced the roof, painted everything inside, and fixed three chimneys. Then he tried to sell it for more money. This is called house flipping. However, he ended up selling it for $1.74 million in 2019, which was a small loss.
Chicago Gold Coast Condos – City Living Style
Marcus Lemonis has also lived in downtown Chicago. He owned condos in the famous Bloomingdale’s building on Michigan Avenue. This is a very fancy building in the heart of the city.
In 2020, Marcus bought a condo for $3.39 million. This condo has:
- Three bedrooms
- 4,800 square feet
- Views of the city and lake
- Custom kitchen with top appliances
- Modern fireplaces
- Marble bathrooms
Marcus and his wife Bobbi completely redid this condo. They used the finest materials and made it look like a magazine. They added gold fixtures in the kitchen, special wallpaper, and modern design touches. In 2022, they listed it for almost $5 million but later sold it for $3.45 million.
Marcus said he sold the Chicago condo because of crime and business problems in the city. He also closed his clothing store there for the same reasons.
Wellington Florida Home – The Quiet Retreat
Marcus owns a smaller home in Wellington, Florida. This area is known for horse riding and equestrian sports. Many rich people have homes here because it’s peaceful and private.
Marcus paid $1.5 million for this house in 2013. The home is 4,696 square feet and sits on a nice piece of land. It has a special “Chicago brick” driveway that caught Marcus’s attention when he first saw it.
This house is different from his other big mansions. It’s more like a quiet place where Marcus can relax away from his busy work life.
Manhattan Townhouse – The Latest Investment
In 2021, Marcus bought a townhouse in Manhattan, New York for $18 million. This house is 9,000 square feet and was built in 2018. The previous building was destroyed in a gas explosion in 2006.
Marcus spent another $10-15 million fixing up this townhouse. He made it perfect with the best of everything. In 2024, he listed it for sale at $35 million. This shows how Marcus likes to buy homes, improve them, and then sell them for more money.
Marcus Lemonis House Features – What Makes Them Special
All of Marcus Lemonis’ houses have certain things in common. He likes homes with:
Big spaces: Most of his homes are over 4,000 square feet. He needs room for his busy life and work.
Modern kitchens: Marcus loves to cook, so all his kitchens have the best appliances and lots of space.
Multiple bathrooms: Rich people like having many bathrooms so guests are always comfortable.
High-end materials: Marcus uses marble, hardwood, and other expensive materials in all his homes.
Great locations: All his homes are in fancy neighborhoods where successful people live.
Smart layouts: The rooms flow well together and make sense for how people really live.
How Marcus Lemonis Chooses His Homes
Marcus Lemonis picks his houses very carefully. He looks for homes that:
- Are in good neighborhoods
- Have potential to increase in value
- Need some work so he can improve them
- Fit his lifestyle and work needs
- Are near airports for his business travel
Marcus treats buying houses like buying businesses. He looks at the numbers, the location, and the potential. Then he decides if it’s a good investment.
The Business Side of Marcus Lemonis Real Estate
Marcus Lemonis makes most of his money from his businesses like Camping World. His net worth is around $500 million. This means he can afford to buy expensive houses and fix them up.
But Marcus doesn’t just buy houses to live in them. He also buys them as investments. Real estate can make money over time if you buy in the right places. Marcus is smart about this because he understands business and money.
Sometimes Marcus makes money on houses, and sometimes he loses money. This is normal in real estate. The important thing is that he can afford the risk because his businesses make so much money.
Frequently Asked Questions
How many houses does Marcus Lemonis own right now?
Marcus currently owns fewer houses than before. He sold his Montecito estate and Chicago properties recently. He likely still owns homes in Florida and possibly New York.
What is Marcus Lemonis’s most expensive house?
His most expensive house was the Montecito estate, which he sold for $18 million in 2023. He originally tried to sell it for almost $25 million.
Does Marcus Lemonis flip houses like he fixes businesses?
Yes, Marcus does flip some houses. He buys them, fixes them up, and tries to sell them for more money. This is similar to what he does with businesses on “The Profit.”
Where does Marcus Lemonis live now?
Marcus hasn’t said exactly where he lives now. He has sold many of his properties recently and may be looking for new homes to buy.
How much money has Marcus Lemonis made from real estate?
Marcus has made some money from real estate, but he has also lost money on some houses. Real estate is just one part of his wealth, which mostly comes from his businesses.
What style of houses does Marcus Lemonis prefer?
Marcus likes modern homes with clean lines and high-end finishes. He also likes homes that have been updated with the latest technology and materials.
Does Marcus Lemonis design his own homes?
Marcus works with professional architects and designers, but he has strong opinions about what he wants. He pays attention to every detail and makes sure everything is perfect.
Conclusion
Marcus Lemonis has owned some amazing houses over the years. From his fancy Montecito estate to his Chicago mansions, each home shows his success and good taste. Marcus treats his houses like his businesses – he improves them and tries to make smart decisions.
The main lesson from Marcus Lemonis’s houses is that real estate can be both a place to live and a way to invest money. Marcus picks houses in good locations, fixes them up with the best materials, and enjoys living in beautiful spaces.
Even though Marcus has sold many of his houses recently, he will probably buy more in the future. Rich and successful people like Marcus often move around and try new places. His houses show us what’s possible when you work hard and build successful businesses like he has done with Camping World and “The Profit.”
Whether you’re interested in real estate, business, or just curious about how rich people live, Marcus Lemonis’s houses are great examples of luxury living done right.