Celebs Are Selling Their Mansions at Rock-Bottom Prices

Yahoo! - November 2, 2009 3:51 PM PST
Story photo: Celebs Are Selling Their Mansions at Rock-Bottom PricesEddie Murphy/FilmMagic.comYahoo!
By Lindsay Robertson

Since the economy has taken a dive, some very big celebrities are realizing their lavish estates just aren't worth as much as they used to be. In fact, now might be the best time in history to buy the extravagant former home of one of your favorite stars. Here are some of the celebrity palaces that have recently been put on the real estate clearance rack:

* Eddie Murphy's 32-room manor in Englewood, New Jersey, which he calls Bubble Hill, has been on the market for $30 million for five years without a sale, so last month Murphy slashed the price of the property -- which boasts a bowling alley, indoor pool, elevator, full-size racquetball court, theater, and recording studio -- in half, to $15 million. So far, no buyers, though -- maybe because the annual taxes alone total $197,723!

* If you're in the market for something a little more reasonable, Whitney Houston has also cut the price of her NJ estate, where she married Bobby Brown, in half, from $5.6 million to $2.5 million. For the famous 12,561-square-foot gated property, that's practically a steal!

* Most recently, blockbuster star Nicolas Cage has found himself in "catastrophic" financial circumstances, which the actor attributes to a shady money manager, whom he is suing. Cage has already sold off his castle in Bavaria, but you can still own his houses -- worth approximately $3.5 million each -- in New Orleans, where they both go up for auction on November 12. Cage is also selling off properties in Las Vegas and Los Angeles.

Hopefully, these celebrities won't face the same embarrassing fate as some stars did last summer, when a spate of big names like Victoria Gotti, Jose Canseco, and Damon Dash had their residences foreclosed upon by banks.

comments

show comments

comments

comments 1-10 of 1421  |< newest · < newer · older > · oldest >|  hide comments · post a comment
  • Raylee
    heyy
    report abuseposted November 20, 2009 4:59 PM PST
  • Raylee
    sweet
    report abuseposted November 20, 2009 4:59 PM PST
  • Jessica
    wow
    report abuseposted November 19, 2009 9:49 PM PST
  • WillyWolf
    Maybe they are in the tank because most of the movies are junk. It costs a lot to take a vamily to see an indoor movie so wait till it comes out on Show Time or HBO. Eddie Murphy's movies are terrible the last few years, yet Beverly Hills Cop shows over and over. Raw we could do without. But the Golden Child was good. Maybe the way things are going the rich will have nothing to share.
    report abuseposted November 19, 2009 12:37 PM PST
  • Sidney
    Why? Disgusting........narcissism!
    report abuseposted November 19, 2009 8:14 AM PST
  • Jimmy
    Hey Eddie : Just make a great movie, your the best! you can do it. mel gibson did it with religion. i think you should do a funny religion movie . eddie is sent back in time as a black servant to a lord, which in turn eddie gives him advise that helps jesus
    report abuseposted November 19, 2009 7:53 AM PST
  • Jimmy
    Hey Eddie : Just make a great movie, your the best! you can do it. mel gibson did it with religion. i think you should do a funny religion movie . eddie is sent back in time as a black servant to a lord, which in turn eddie gives him advise that helps jesus
    report abuseposted November 19, 2009 7:53 AM PST
  • butcher
    ill be dammed!!
    report abuseposted November 19, 2009 7:51 AM PST
  • Diego Firestone
    Yes its very Embarrassing for normal Stars to go broke, But remember nothing last forever, These normal so called stars of the movie business are just the same as you! Just got lucky for a short time, Now they can live like normal people and look for jobs.Rememebr this, Times are going to be so bad soon, and there,s going to be food lines and homes going to be unsold and boarded up all over usa.
    report abuseposted November 19, 2009 7:46 AM PST
  • Stujag
    It's a sign of the times , Not to mention that the money crunch is not only affecting the regular people of the country , now on another note , OUR COUNTRY has SOLD US OUT !!! You just can't eliminate all the factory's and bussiness in this country that employed a Very large segment of our society and ship everything over seas and expect the country to SURVIVE ! WE ar
    report abuseposted November 19, 2009 7:31 AM PST
comments 1-10 of 1421  |< newest · < newer · older > · oldest >| 

Post A Comment

sign in to post a comment.

sign in

RELATED ARTICLES

RELATED PHOTOS

RELATED VIDEOS

Updates

Manage My Updates
Manage My Updates
More Updates »

omg!

MORE ENTERTAINMENT

ALSO ON YAHOO!

Help us to improve! - Send Your Suggestions