Introduction to Luxury Mansions and Villas for the 2028 Olympics
The 2028 Olympics might be three years away, but wealthy tourists and other Olympic-affiliated visitors have already made arrangements for their stay in Los Angeles. Luxury vacation rental companies LuxJB and Nightfall Group have been fielding questions — and reservations — for mansions in L.A.’s ritziest neighborhoods for the international sporting event, the Los Angeles Times reported.
LuxJB, for example, is already getting “five to 10 inquiries per week,” founder Hank Stark told the Times. “There are only so many homes of this size in L.A., and people want to secure their spot as early as possible,” he said.
Luxury Rentals and Prices
The Beverly Hills-based firm owns 14 mansions across Los Angeles, including homes in Beverly Hills, the Hollywood Hills and West Hollywood. Three have already been locked down for the Olympics, though the rentals aren’t just for the two weeks of July 2028 when the Games will be taking place, according to the Times. Instead, interested parties have claimed their spot for most of the year. One client, for example, has rented out a 39,000-square-foot mansion with nine bedrooms, four kitchens, a gym, a spa, a movie theater, a pickleball court, a basketball court and a team of three maids from January to August 2028. The price tag: $300,000 per month, or a $2.4 million total stay. Utilities are covered as part of the cost, which could provide some reprieve, as they’re usually about $25,000 per month including heating the pool. LuxJB’s listings start at $1,900 per night for smaller five-bedroom villas and reach up to $150,000 per month for larger mansions.
Client Interests and Bookings
“If you’re an Olympic federation from a specific country, you’ll be here all year training athletes before the Games begin,” Stark said. “If you’re a major sports brand, you’ll want a presence in L.A. before and after July.” LuxJB is currently in talks with two Olympic committees looking for a large enough space to hold news conferences and host media outlets, as well as U.S. firms looking to book places to stay for executives. Nightfall Group, which rents out homes on behalf of owners, has similarly been fielding interest from high-end clients, founder Mokhtar Jabli told the Times. So far, it’s already booked one client for a 10,000-square-foot home in the Hollywood Hills complete with six bedrooms, 10 bathrooms, a movie theater and an infinity pool. The guest is coughing up $160,000 for the month of July 2028.
Pricing and Services
“That house rents for around $110,000 during a typical year, but they paid a premium to book it so far in advance,” Jabli said. Most Nightfall homes start around $50,000 per month, but the company also offers customers concierge services, with some clients paying $500,000 per month for add-ons like private jets, yacht rentals, security guards, drivers, chefs and housekeepers. Prices are expected to climb as July 2028 gets closer, though by how much remains to be seen.
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Conclusion
As the 2028 Olympics approach, the demand for luxury mansions and villas in Los Angeles is on the rise. With prices already reaching up to $150,000 per month for larger mansions, it’s clear that wealthy tourists and Olympic-affiliated visitors are willing to pay a premium for their stay. As the Games get closer, it will be interesting to see how prices and demand continue to evolve.
FAQs
Q: How much does it cost to rent a luxury mansion in Los Angeles for the 2028 Olympics?
A: Prices start at $1,900 per night for smaller five-bedroom villas and reach up to $150,000 per month for larger mansions.
Q: What services are included in the rental price?
A: Utilities are covered as part of the cost, and some companies offer concierge services with add-ons like private jets, yacht rentals, security guards, drivers, chefs and housekeepers.
Q: How far in advance are people booking their rentals?
A: Some clients are booking their rentals up to a year in advance, with one client renting a 39,000-square-foot mansion from January to August 2028.
Q: What is the expected impact on prices as the Games get closer?
A: Prices are expected to climb as July 2028 gets closer, though by how much remains to be seen.
