Tyler Perry is apparently ready for a major change of scenery.

The filmmaker, actor and studio mogul is putting two spectacular pieces of his personal real estate portfolio on the market for a combined $96.5 million as he prepares to move to Puerto Rico and significantly scale back his famously relentless work schedule.

Perry is asking $57 million for his sprawling Beverly Hills estate and another $39.5 million for a retreat in Wyoming.

The timing isn't coincidental. Perry recently revealed that he plans to relocate to Puerto Rico with his 11-year-old son, Aman, in 2027. After decades spent building one of the most unusual entertainment empires in Hollywood, the 57-year-old says he wants to slow down.

"It's time to slow down a bit, enjoy more time with my son and just take it all in," Perry told "Today."

For a man who turned a traveling stage character named Madea into a film, television and production empire, that's quite a lifestyle shift.

The more expensive of Perry's two listings is an extraordinary 22.5-acre compound in Beverly Hills, where he is asking $57 million.

Perry bought the underlying property for $4.3 million in 2004 and subsequently developed the land, completing the enormous Mediterranean-style estate in 2012.

The main residence spans about 24,500 square feet, with eight bedrooms, along with a guesthouse, staff quarters and extensive grounds.

The property also has a royal connection.

When Prince Harry and Meghan Markle moved to the United States in 2020 following their departure from official royal duties, Perry allowed the couple to stay at the Beverly Hills compound while they established themselves in California.

Now the house where Harry and Meghan began their post-royal American life can be yours — assuming you have $57 million.

Perry's other property on the market is a spectacular Jackson, Wyoming, retreat listed for $39.5 million.

Located inside the gated Bar BC Ranch community, the estate sits on 37.62 acres with sweeping views of the Tetons and access to the Snake and Gros Ventre rivers.

The centerpiece is a 10,988-square-foot custom log home with seven bedrooms, multiple wood-burning fireplaces, an in-home movie theater, a gym and a bar outfitted with saddle barstools inspired by Jackson's famous Cowboy Bar.

A separate 1,062-square-foot guesthouse above a four-car garage adds another two bedrooms, bringing the property's total living space to about 12,050 square feet and nine bedrooms.

Outside, the property includes a swimming pool, hot tub, gas fire pit and gazebo, all surrounded by the kind of mountain scenery that apparently attracted Perry to Wyoming in the first place.

Perry has owned property in the Jackson Hole area for years and has spoken about the wildlife around his Wyoming retreat. In a 2019 interview with Ellen DeGeneres, he recalled finding both a moose and a grizzly bear in his backyard.

Perry has been clear about the biggest motivation behind his move: he wants more time with his son and less time working.

But there is another reason Puerto Rico has become particularly attractive to extremely wealthy Americans: taxes.

Puerto Rico occupies an unusual position in the U.S. tax system. American citizens can move there without giving up their citizenship, and people who establish themselves as bona fide Puerto Rico residents can potentially receive exceptionally favorable treatment on certain Puerto Rico-source income and investment gains.

Puerto Rico's Act 60 program has become especially famous among wealthy investors and entrepreneurs. Under the version of the program available to qualifying applicants before 2027, certain interest, dividends and qualifying capital gains generated after establishing Puerto Rico residency can receive a 0% Puerto Rico income-tax rate.

The rules are changing just as Perry is planning his move.

Importantly, the cutoff is based on when someone applies for an Act 60 decree, not necessarily when the move takes place. An eligible applicant who files by December 31, 2026 can still qualify for the existing 0% structure even if the decree is approved later.

Under legislation enacted in 2026, applications filed beginning January 1, 2027 generally face a 4% preferential rate on qualifying interest, dividends and post-residency long-term capital gains rather than the previous 0% rate. Even at 4%, that can represent an enormous difference for someone generating tens or hundreds of millions of dollars in investment gains.

For an extremely wealthy person anticipating a major future liquidity event, the implications can be substantial.

Imagine, purely hypothetically, that someone establishes legitimate Puerto Rico residency while an investment is worth $100 million. Years later, that investment is sold for $300 million. Depending on the asset, when the appreciation occurred and a host of federal and Puerto Rico tax rules, the portion of that gain attributable to the Puerto Rico residency period could potentially receive dramatically more favorable treatment than it would for someone living in a high-tax state.

There are important limitations. Simply moving to Puerto Rico immediately before selling a long-held asset does not magically erase taxes on years of appreciation that occurred while the owner lived on the mainland. And income earned from work actually performed in the continental United States can remain subject to federal taxation.

So Perry can't simply move to San Juan and declare that every dollar generated by Tyler Perry Studios in Atlanta is suddenly tax-free.

But for someone with Perry's wealth, investments and potential future business transactions, Puerto Rico's tax structure certainly provides an interesting additional benefit to island life.

Perry's move should also not be confused with a departure from Atlanta.

Tyler Perry Studios, the massive production complex Perry built on the former Fort McPherson property, is expected to remain in operation.

The studio occupies more than 300 acres and has become one of the largest film-production facilities in the United States. In addition to Perry's own movies and television shows, the complex has hosted major outside productions.

People familiar with the studio's plans told the Atlanta Journal-Constitution that it is not shutting down or relocating as a result of Perry's move.

In fact, Perry has spent years gradually creating a business that doesn't require him to personally write and direct virtually everything that passes through it. The studio has increasingly worked with outside filmmakers, and Perry has spoken openly about turning over more creative responsibilities to other people.

That makes his Puerto Rico move less about abandoning the empire he built and more about reaching the point where he doesn't have to personally operate at full speed every day.

The scale of the transition is especially striking considering where Perry started.

Before he became one of entertainment's wealthiest self-made figures, Perry famously struggled for years trying to make his stage productions work, at times living out of his car. His breakthrough eventually came through the enormously successful Madea stage shows, which he expanded into movies, television series and a production machine largely controlled by Perry himself.

Unlike many Hollywood creators, Perry maintained ownership of much of the intellectual property he created. One of the most important turning points was the landmark television deal that helped Perry earn $140 million and establish himself as an independent entertainment powerhouse. That ownership model, combined with film grosses, television licensing agreements, streaming deals and the value of Tyler Perry Studios, helped produce an enormous personal fortune.

Celebrity Net Worth currently estimates Tyler Perry's net worth at $850 million. Some outlets have anointed Perry with billionaire status. In our opinion, he is not quite there yet. But maybe he will be in a few years with a little asset appreciation combined with favorable island tax treatment!