A celebrity name doesn’t instantly mean the home is worth more, explains Los Angeles real estate agent Gary Gold.
“In general, the home is only worth more in that it’s a great way to market a home,” he said. “Celebrities just bring a lot of eyeballs to the property.”
Many of these celebrity homes have bounced on and off the market several times, many of them unable to sell because of the recent real estate slump. But with the market heating up, many of these homes may finally have a renewed chance to snag a buyer.
After listing their Beverly Hills residence and reality TV show home base, Ozzy and Sharon Osbourne purchased a decidedly different home in Hidden Hills. They first listed the home for $12.999 million in July 2011. Their purchase price was $12,388,500.
The Osbournes completed a huge overhaul of the home when they first bought it. They kept the 10,900-square-foot space but reduced the number of bedrooms from 7 to 3, adding an enormous walk-in closet and his-and-her baths to the master, as well as two home offices.
Zsa Zsa Gabor
Zsa Zsa Gabor’s home was just re-listed in May, but it’s far from being the first time the Bel Air property hit the market.
First listed for $15 million in early 2011, the home sustained a price decrease and a price increase before its current price tag of $14.9 million. Reportedly Gabor and her husband, Frederic Prinz von Anhalt, have financial difficulties, causing them to sell the place. Gabor has lived in the home since the 1970s and has hosted myriad Hollywood and political royalty there throughout the years.
Gabor’s home is described in the listing as a place perfect for entertaining. It’s also a perfect place for filming. The 1-acre estate is showcased in the film “Argo” and will be used for an upcoming movie about Liberace’s life. Spanning 8,878 square feet, the home has 6 bedrooms and 5 baths.
This isn’t the first time Sheryl Crow has tried to sell her Nashville-area home. The sprawling ranch was first listed for $7.5 million in early 2010. Without a buyer, the singer-songwriter tried selling the home through an auction in November 2011. The bid started at a low $1.175 million, but with no buyers, the home was stuck back on the market in early 2012 for $6.399 million.
Crow’s home, named Cross Creek Farm, sits on 152 acres with a 10,264-square-foot main house, nanny quarters and guesthouse. The extensive equestrian features include a 14-stall barn with saloon, indoor riding area and other out buildings.
Curtis Jackson, better known by his rap moniker 50 Cent, first listed his Farmington home in 2007. Then in the midst of a lawsuit in 2008, where he sued the contractors he hired for going over their bid, he took it off the market. In 2009, the home was back for sale, listed at $10.9 million. Since then the home has bounced on and off the market, sustaining a price cut, dropping the current listing price to $9.999 million.
50 Cent’s home spans a whopping 50,000 square feet on more than 17 acres. Inside, the home is decked out in rapper-worthy features, including an enormous night club in the basement with lights, bar and swing hanging from the ceiling. Other details in the home include a movie theater, pond and pond house as well as an infinity edge pool with grotto.
Christina Aguilera’s Beverly Hills home first hit the market in early 2011 after her divorce from Jordan Bratman. The former couple purchased the Mediterranean-style home in 2007 for $11.5 million from Ozzy and Sharon Osbourne. Showcased in MTV’s family reality series “The Osbournes,” the home was listed shortly after the show ended for $15.5 million.
Aguilera’s 10,000-square-foot pad is outfitted in an eclectic style with rich wall coverings and furnishings in an array of colors. With 6 bedrooms and 9 baths, the home also has a gym, game room, gift-wrapping area, a gorgeous and lush movie room, beauty salon and guesthouse with recording studio.
ONTD: which home would you move into as is? which home do you think has the best potential if you could overhaul the interior design? favorite celeb homes?