UnReal Estate: Cher relists her Malibu estate for $41 million
Posted by Annalisa Burgos | July 15, 2009
If she could turn back time, Cher probably would have accepted a reported offer for her massive Malibu estate, which she listed last August for $45 million but pulled off the market after nine months, says “Mama” from the popular Real Estalker blog.
Now the singing-songwriting diva has relisted her famous Italian Renaissance-style mansion for $41 million — still a bit stiff for a market where ultra high-end homebuyers are clearly in the minority.
We’ve discovered that the luxury market is not exempt from the recession as once thought.
That said, if you are in the market for a lavish home, the house that Cher built won’t disappoint. She is, after all, Cher.
The 13,000+ square foot, 6-bed, 7-bath home sits on a bluff overlooking the Pacific Ocean and features a theatre, gym, infinity pool, tennis court and multiple verandas.
Cher, do you believe in getting your asking price after renovating? I really don’t think that’s strong enough.
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July 29th, 2009 at 5:27 am
Woah It was too expensive but the place was soooo beautiful. Love it.
Deirdre Gonzales