- A star proprietor is not essentially sufficient to promote a house.
- Some celebrity-owned homes have sat in the marketplace for years.
- Michael Jordan, as an example, has been attempting to promote his Highland Park, Illinois mansion since 2012.
While an affiliation with a star turns out adore it would lend a hand a house promote extra temporarily, that does not appear to all the time be the case.
According to Redfin, homes owned through celebrities have a tendency to spend 36 extra days in the marketplace than different homes, and so they most often promote for not up to what the vendor had firstly requested for.
It might be that those homes have worth tags that just a celebrity-sized paycheck may quilt — or, it will simply be that the draw of a celebrity energy isn’t as sturdy as it could seem.
Either means, we have rounded up 8 celebrity-owned homes that have languished in the marketplace — a few of them for a number of years at a number of other worth issues.
50 Cent’s Connecticut mansion
Douglas Elliman Real Estate
50 Cent first indexed his 50,000-square-foot house in Farmington, Connecticut, for $18.five million in 2015. In the autumn of that 12 months, he decreased the cost considerably, to $eight.five million, after he had filed for Chapter 11 chapter.
He once more decreased the cost, this time to $five.995 million, in 2016, and the cost has remained the similar since.
The house is completely excessive, with “21 bedrooms, 25 bogs, an indoor pool and scorching bathtub, a considerable evening membership, an indoor courtroom, a couple of recreation rooms, a inexperienced display room, a recording studio,” amongst many different opulent options, in accordance to the Douglas Elliman checklist.
Matt Lauer’s Sag Harbor property
Matt Lauer is having a difficult time offloading his house within the Hamptons. He firstly indexed for $17.995 million in July 2016. He lower $1 million from the checklist worth in September 2016, and now it is asking $14.nine million.
The eight,000-square-foot house sits on most sensible of a 25-acre personal lot. The house used to be inbuilt a shocking conventional taste with various house for entertaining visitors and a yard pool to lay out through.
Steve Cohen’s mansion within the sky
Billionaire hedge funder Steve Cohen has been in quest of a purchaser for his Manhattan duplex penthouse since 2013.
It’s had various other checklist costs: $115 million, $98 million, $82 million, $79 million, $72 million, $67.five million, and now, $57.five million.
The nine,000-square-foot house has 5 bedrooms and 6 baths. Cohen is an avid artwork collector, and the house has a devoted gallery to put his items on show.
Michael Jordan’s suburban Chicago assets
Getty/Sam Greenwood and The Agency Real Estate
Michael Jordan indexed his Highland Park, Illinois house for just about $29 million in 2012.
Five years later, a couple of worth chops have no longer helped it transfer off the marketplace. It’s these days on the market for approximately part that — $14.885 million.
There’s a house theater, world-class exercise room, and an enormous set of gates bearing the quantity “23.”
Alan Wilzig’s toned-down Tribeca townhouse
Though no longer in a star within the conventional sense, Alan Wilzig is an entrepreneur and semiprofessional race automotive driving force who served because the real-life inspiration for a personality in “The Wolf of Wall Street.”
He’s additionally been attempting to promote his New York City townhouse for years. It’s been off and on the marketplace with other agents and at other costs, to start with checklist for $44 million in 2014 and making its means down to $18.75 million in October.
The townhouse has appeared gradually extra tame as it is relisted through the years.
The Obamas’ summer season condo
President Obama and his circle of relatives rented this sprawling, 7,000-square-foot mansion in Martha’s Vineyard for a complete summer season in 2013, however that turns out no longer to have made the home any more uncomplicated to promote.
Now it’s going to be just a bit bit inexpensive to reside like the primary circle of relatives all 12 months spherical. The area indexed in July 2015 for $22.five million. Just 3 months later, the home already had a 15% worth chop.
Now, just about two years later, the home remains to be on the market, at a reduced worth of $17.75 million.
Trump’s St. Martin chateau
Sotheby’s and Reuters/Carlos Barria
President Donald Trump’s sumptuous St. Martin property, which he owns via two firms known as Excel Venture I LLC and Excel Venture Corp I, used to be indexed for $28 million in May. It’s sometimes called Château des Palmiers.
Its worth used to be later introduced down through a bit greater than $11 million, to $16.nine million, in August.
Trump most often makes use of the Caribbean break out as a condo assets, and, in accordance to the disclosure, he will get between $100,000 and $1 million a 12 months from it. The sale is being treated through a revocable consider run through Donald Trump Jr. and Trump Organization government Allen Weisselberg.
Tommy Hilfiger’s Plaza penthouse
This five,600-square-foot duplex in The Plaza lodge has been off and on the marketplace since 2013, when type clothier Tommy Hilfiger and his spouse, Dee Ocleppo, first indexed it for $80 million.
It used to be later dropped to $75 million, then to $68.95 million, after which to $58.nine million prior to it fell off the marketplace in April. It’s now again in the marketplace for $50 million.
The condominium is situated at the 18th and 19th flooring of the Plaza and has 4 bedrooms with perspectives of Central Park and Fifth Avenue.