Celebrities are just like us — they get price-whacked on their listings, too! Here’s a collection of celebrity homes that have been reduced in price.
Actor Charlie Sheen
2549 N Catalina St, Los Angeles CA 90027 (above)
For sale: $3,197,000
Original list price: $3,697,000
Notable: Sheen, who stars in the popular comedy series “Two and a Half Men” and wife, Brooke Mueller Sheen, listed their home for sale last July for $3,697,000. Since then, Sheen was arrested for domestic violence charges during a Christmas Day incident in Aspen and their home took a price cut. The Sheens wanted to sell because they felt the 4,179 sq ft property, with four bedrooms and 4 1/2 bathrooms was not big enough for them and their five kids. Read more about Charlie Sheen’s Los Feliz home.
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Baseball star Alex Rodriguez
181 E Sunrise Ave, Coral Gables, FL 33133 (above)
For sale: $9,999,999
Original list price: $14,876,000
Notable: A-Rod made headlines in 2008 when he split from his wife, Cynthia, which inevitably led to the listing of his Coral Gables home for $14,876,000. Here’s the timeline for A-Rod’s home:
* Purchased home in December 2004 for $12 million
* Listed it for sale in October 2008 for $14,876,000
* Dropped price in February 2009 to $12.3 million
* Dropped price in June 2009 to $11,000,000
* Dropped price again to $9,999,999
Read more about A-Rod’s Coral Gables home.
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Singer/actress Jennifer Lopez
487 St Pierre Rd, Los Angeles, CA 90077 (above)
Recently sold: $6,200,000
Original list price: $8.5 million
Notable: Jennifer Lopez and husband Marc Anthony paid $6.25 million for this four-bedroom, five-bathroom French farmhouse-style Bel Air home in 2005. It was originally listed for $8.5 million, reduced to $7.9 million in May 2009 and found a buyer in early December.
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Convicted Ponzi-schemer Bernie Madoff
410 N Lake Way, Palm Beach FL 33480 (above)
For sale:$7,250,000
Original list price: $8.5 million
Notable: This Palm Beach home of Bernie Madoff was toilet-papered by neighborhood kids when it was discovered they lost their trust funds due to his historic Ponzi scheme that resulted in an estimated loss of $50 billion for many investors. Madoff’s three homes hit the market soon after his conviction and it appears the Palm Beach home is the last one on the market.
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NFL star Tony Gonzalez
228 34th St, Manhattan Beach, CA 90266 (above)
For sale: $3,600,000
Original listing price:$3,999,999
Notable: Gonzalez originally listed the house for nearly $4 million in October 2008 and hasn’t been able to move it. Not only did he reduce the price by nearly $400,000, but he is also spicing up the deal by throwing in a 2010 Porsche 911 Convertible, if a buyer closes on the house with a full-price offer. The Porsche is worth approximately $88,000. Read more about Tony Gonzalez’ Manhattan Beach home.
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Record producer Jermaine Dupri
7 Whitewater Trl NW, Atlanta, GA 30327 (above)
For sale: $1,200,000
Original list price: $1.5 million
Notable: Dupri’s home has been on the market for nearly a year and has taken two price cuts since its original list price of $1.5 million last January. First, it was cut to $1.3 million and it’s now down to $1.2 million. Read more about Jermaine Dupri’s Atlanta home
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Chad Rogers (of Bravo TV’s “Million Dollar Listing”)
2717 Shell St., Corona del Mar, CA 92625 (above)
For sale: $6,495,000
Original list price: $9.5 million
Notable: Even after a remodel, $30,000 in home staging, a $2,000 brokers’ open/champagne kickoff and a huge cake decorated with an image of the house and Rogers, there is still no sale. Read more about Chad Rogers’ Corona del Mar listing.
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Fashion designer Kimora Lee Simmons
101 Fox Hedge Rd, Saddle River, NJ 07458
For sale: $16.5 million
Original list price: $23 million
Notable: Kimora Lee Simmons, CEO of Phat Fashions (best known for the Baby Phat line) and star of the 2007 reality series “Kimora: Life in the Fab Lane” initially listed her Saddle River, NJ home $23 million in 2008. It was then taken off the market and later re-listed at $19.8 million before the most recent price cut. Read more about Kimora Lee Simmons’ Saddle River house.
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