Celebrities who lost money selling homes: Justin Bieber Reese Witherspoon

Luxury living is not always what he has cracked to – as Justin Bieber. Reese Witherspoon and Lebron James Found when they tried to sell their millions of dollars.

While some celebrities like Bethenny Frankel and Andy Cohen Hefty’s profit on their designer dwellings, many others have had to suffer economic hardship and volatility in the real estate market.

Sometimes even the brightest homes of famous homes cannot attract buyer until prices are cut significantly.

Keep scrolling to get a look back at some celebrities who actually lost money on the sale of their luxury homes:

Justin Bieber

Shortly after his marriage to a wife Hailey BieberJustin Lost $ 500k At the home of Beverly Hills in a colonial style he was trying to unload in 2021. The “honest” singer paid $ 8.5 million for both stories, a 4,900 square foot home in 2019 but was ready to move out after just two years. Personally refurbished by Hollywood production designer Charles Infante before landing on the market.

Despite the grounds have five bedrooms, seven baths and a private film theater, Justin took a loss by selling Beverly Hills’ home for just $ 7.955 million.

Reese Witherspoon

The Blonde is legal The actress owned a 7 -acre estate in Ojai, California originally built by an influential architect Wallace Neff For Magnate Glass Edward Libbey. The “California Style” house boasted arched windows and installed the original Neff stonework almost a century earlier.

The Dream Getaway property included a number of hotel cottages, a swimming pool and a horse stable as well as nine bedrooms, five full bathrooms and two baths. He had an important place even in Hollywood’s history, such as Robert Pattinson have lived there briefly After sharing of Kristen Stewart in 2012. He married Witherspoon Jim Toth In Ojai retreat in 2011. (Toth and Witherspoon divorced in 2023)

Amazingly, Witherspoon was unable to recover her original $ 5.8 million price tag, as it had to be broken almost $ 1 million before a buyer agreed Pay $ 4,983,500.

Ryan Phillippe

Unfortunately for the extended family of Phillippe-Hwitherspoon, Reese was not the only one who had trouble unloading her California property. Her ex-husband Ryan lost more than $ 1 million when she sold her Hollywood Hills West mansion in 2013 for $ 6 million.

Phillippe originally paid $ 7.175 million For the “Zen-Modern Retreat,” which had a gym, media room, private office, hotel house and pool with underwater speakers installing over 7,600 square feet. The property brought gates with five bedrooms, 6.5 baths and an outdoor kitchen.

Andie Macdowell

The A way home Star escaped with only a small loss After reaching a $ 1.75 million deal for her home Marina Del Rey, California. Originally, $ 1.77 million paid in February 2013 but the dwelling flipped one family nine months later.

The moderate home came 2,614 square feet, an open design with marble flooring, as well as three bedrooms and bathrooms. A pool and outdoor lounge area added worth although Macdowell took a modest loss in the sale.

Lebron James

Los Angeles Lakers star has owned multiple homes in the LA area since it moved out west in 2018. Unfortunately, one property in the Brentwood neighborhood was difficult to sell.

Back reportJames reached an off -market contract for $ 19.6 million on his secondary Brentwood residence in 2021, despite paying $ 20,986,500 for him six years earlier. The property was weakening for months on the market before James finally broke a private deal.

The original 9,440 square-foot home list promised “every imaginable amenity” for potential buyers, including a panel library, lift, four fireplaces and, of course, a basketball ring. The buyer managed to rest easily in six carefully designed bedrooms with Oakwood floors and detailed ceilings.

Channing Tatum and Jenna Dewan

The former whirlpool put their $ 6 million Beverly Hills on the market shortly after they split in 2019. They bought a 4,850 square foot residence in the Hamptons null Carrie Fisher In 2015.

Bringing six matching bedrooms, bathrooms and fireplaces, the Beverly Hills mansion included three floors and a cedar stunned roof. Traditional facilities such as media room, private office, family room and even billiard room were all included as well.

Yet Tatum and Dewan could not find a buyer until they cut $ 75,000 off the price and finally selling it for $ 5.925 million.

Katy Perry

Hollywood Hills Mansion West the singer “Fireworks” was a problem from the start. Perry bought him as a lovers retreat with ex-husband Russell brand For $ 6.5 million, but after they split in 2012, he sold it without ever moving in.

It is easy to see what Perry attracted to the double-gates house, in the Mediterranean style that sits across three acres. Originally built in 1925, the property came with sweeping stairs, a two -story living room, stained glass windows and a four -room master series.

The home had 8,835 square feet in total, as well as nine bathrooms and even a pub. Unfortunately Perry never managed to enjoy living there before She sells it In 2013 for $ 5.565 million – meaning it lost nearly $ 1 million on the deal.

Simon Cowell

Cowell bought the hidden hills house 4,900 square-feet-which brought with roof windows, stable and riding area-by the singer Leona Lewis In August 2020 for $ 3.9 million. He was a deal between friends and frequent colleagues, as Cowell discovered Lewis on his British TV series The Factor X..

The music mogwl quickly put the property back on the market just 10 days later. While selling relatively fast for $ 3.6 million, Cowell lost $ 300,000 on the deal.

The lucky buyer saved significantly on the property one story and its luxurious amenities, such as pool and hotels.

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