Howard Marks Is Selling Two Side by Side Mallorca Villas Designed by the Man Who Redesigned the White House
Howard Marks is not someone who makes careless moves. The $2.2 billion Oaktree Capital co-founder built his entire career on one principle: buy when nobody wants it, sell when everyone does.
So when he lists two Mallorca villas for $70 million, just months after putting his Malibu home on the market, you stop and think.
This is not just a listing. This is a pattern.
Two Villas, One Address That Money Can’t Easily Buy
Marks and his wife Nancy have owned two neighboring villas on Mallorca’s coveted Formentor peninsula for over a decade: La Posada and Sa Punta. Both served as private holiday retreats for the couple.
They are now being offered together for 62 million euros (roughly $70 million), or separately. La Posada is priced at 46 million euros (about $52 million) and Sa Punta at 16 million euros (about $18 million).
Both are available through Engel & Völkers Private Office, located near the recently reopened Four Seasons Resort Mallorca at Formentor.
What You Actually Get for $70 Million
La Posada, dating to around 1940, is the more traditional of the two. It spans about 14,200 square feet on more than two acres overlooking Pollensa Bay.
The seven-bedroom main house comes with a two-bedroom guesthouse, staff quarters, handcrafted tiles, custom finishes, expansive terraces, a swimming pool, and a private bathing platform with direct sea access.
Sa Punta is the modern counterpart: 6,700 square feet, six bedrooms, wrapped in glass to capture sea views from every angle. It has a glass elevator, multiple lounges around an open-plan living space, a fitness area, and a sun terrace with pool and spa.
Two completely different vibes. Same world-class peninsula.
The Obama White House Designer Did the Interiors
This is where the story gets genuinely interesting.
After acquiring La Posada in 2014, the Marks brought in designer Michael S. Smith, the same person chosen by Barack and Michelle Obama to redesign the White House’s private quarters.
Smith has worked with the Marks family for over two decades across multiple projects, including their Malibu home.
According to the Wall Street Journal, the friendship between Marks and Smith is what led them both to Mallorca. What started as a vacation turned into a full renovation celebrating the island’s traditional architecture and craftsmanship.
Handcrafted tiles, a relaxed Mediterranean palette, and deeply local detailing are all Smith’s signature on the space.
It is worth noting that designer-renovated celebrity homes have been moving fast across markets.
Daniel Arsham recently listed his 137-year-old NYC firehouse home and studio for nearly $9 million, another case where the designer’s touch became a major part of the property’s story and asking price.
For the complete listing details, Robb Report has the full breakdown here.
This Is the Second Listingb in Months and That Is the Real Story
Just before the Mallorca listing, Marks had already put his Malibu oceanfront estate on the market for $38.5 million, again renovated by Michael S. Smith.
Two landmark holiday properties. Same designer. Same window of time. A man this disciplined does not move this way by accident.
This kind of calculated portfolio exit is becoming a theme among the ultra-wealthy. Soccer legend Kaká recently dropped $8.7 million on a Bal Harbour condo at a moment that raised similar questions about timing and intent.
And when Tyler Herro listed his $12 million Miami mansion days after a shock NBA trade, the real estate move told its own story before any press release did.
High-value listings rarely happen in a vacuum. There is always a reason behind the timing.
If you follow stories like these closely, there is a WhatsApp channel where this kind of real estate and celebrity home news gets shared as it breaks, worth having in your feed if this space interests you.
Why This Matters
Mallorca property prices have risen 148% since 2016, from €2,014 per square meter to nearly €5,000 by mid-2025. In prime coastal enclaves, sea-view villas now command €10,000 to €20,000 per square meter.
Marks is selling into what is arguably the strongest luxury market Mallorca has ever seen. Fine & Country’s 2025 Mallorca market report has the full data behind this pricing moment.
A man who built $2.2 billion by knowing exactly when to exit is now exiting Mallorca real estate at its peak. That alone tells you something.
What This Actually Signals
Marks is not just selling a villa. He is making a calculated exit, the same move he has made in credit markets for five decades.
Whether you follow real estate, track billionaire behavior, or are just genuinely curious about what the ultra-wealthy do with their holiday homes, this listing deserves more attention than it is getting.
Is Marks timing this perfectly, or is he leaving money on the table? Drop your read on this in the comments — would genuinely like to know what you think.
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Disclaimer: This article is for informational purposes only. All property details and prices are based on publicly available sources at the time of publication.
