Celebrities Not Immune to Falling Property Values

by Marianne Sweet on February 22, 2010

in Metro Detroit

For Michiganders singing the blues about the local real estate market and declining listing prices, it may ease the pain a bit to know that the lifestyles of the rich and famous are being affected also.  Celebrities are dropping their prices by numbers that I can’t even fathom!!

Take a look:

Suzanne Somers’ Mountainside Estate
Palm Springs, Calif.

Original Asking Price: $35 million
Current Asking Price: $12.9 million

Mel Gibson’s Tudor Mansion
Greenwich, Conn.

Original Asking Price: $39.5 million
Current Asking Price: $29.5 million

50 Cent’s Mega-Mansion
Farmington, Conn.

Original Asking Price: $18.5 million
Current Asking Price: $10.9 million

Brian Bosworth’s Waterfront Villa
Malibu, Calif.

Original Asking Price: $11.9 million
Current Asking Price: $6.9 million

Nicolas Cage’s English Country Manor
Middletown, R.I.

Original Asking Price: $15.9 million
Current Asking Price: $12 million

Yikes!!  The $100k hit that my house has taken somehow doesn’t seem so drastic anymore!

Too view photos and read more information on these properties, visit Celebrity Price Choppers.

Written by Marianne Sweet
Home Sweet Home Staging, (586) 212-8400
Visit Website
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{ 1 comment… read it below or add one }

Stacy Lukasavitz 03.01.10 at 1:29 pm

I guess I should probably get rid of my stock in ThighMasters, eh?

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