Supermodel and actress Cara Delevingne continues to make headlines with her Los Angeles property acquisitions, but a recurring pattern of non-occupancy is raising questions about her investment approach.

Third Mansion in 18 Months

The renowned British star has purchased a sprawling five-bedroom home in the Santa Monica mountains for £8.5 million. The property was sold by Sarah Harrelson, founder of Cultured magazine, who originally bought it in 2021 for £5 million.

A Pattern Emerges

This latest investment follows a series of similar purchases and subsequent sales, leading to speculation about Delevingne’s long-term plans for her Californian real estate holdings. The pattern began after a fire destroyed her £5.5 million California home in March 2024, a property she had lived in since 2019.

Recent Acquisitions and Sales

Earlier in 2024, Delevingne purchased actress Milla Jovovich’s home for £7.9 million. She sold it a year later for a profit of £300,000, realizing £8.2 million. Six months prior, she invested £8.1 million in a Los Angeles home previously owned by Jennifer Lawrence.

Property Currently Listed

That property is now relisted for £8.5 million, and reports indicate Delevingne never moved in. North Hillcrest, a US property firm, confirmed she did not take up residence there.

Investment Strategy or Search for a Home?

The consistent cycle of buying and selling, or leaving properties vacant, has fueled speculation. It’s unclear if these purchases are primarily investment strategies, a search for the perfect residence, or driven by other personal factors.

The rapid succession of purchases, combined with the lack of long-term occupancy, suggests a strategy beyond simply finding a place to live. The properties are all located in desirable areas of Los Angeles, known for their exclusivity and high property values.

The fire that destroyed her previous home initiated the series of purchases, but the subsequent pattern suggests a more complex approach to property ownership. Delevingne has not publicly explained her motivations, adding to the intrigue surrounding her Los Angeles real estate ventures.