News and thoughts from behind the FrontDoor
Posted by Annalisa Burgos | October 27, 2009
Even celebrities are having a tough time unloading their multi-million dollar properties in this market.
From rapper 50 Cent’s money pit to pop star Ryan Cabrera’s short sale, you may find a deal if you’re in the market for a luxury home.
http://www.frontdoor.com/home-finance/Top-10-Celebrity-Homes-For-Sale/55319
Posted by Annalisa Burgos | August 13, 2009
This from our Cool Houses Daily files:
Rapper 50 Cent, whose real name is Curtis Jackson III, slashed the asking price on his massive Farmington, Connecticut mansion again, hoping to unload the former money pit he rarely used.
It was originally listed at $18.5 million in 2007 and reduced late last year to $14.5 mil. Now, he’s asking $10.9 million — surely to cover the $4.1 million he shelled out for it in 2003 and the additional $6 mil he spent on repairs and upgrades.
The 17-acre estate has been the subject of an ongoing court battle between “Fitty” and an engineering firm he hired to repair and improve the home. Fitty sued BVH Integrated Services, claiming the firm owed him $3 million for maintenance repairs that were not included in its original repair estimate of about $500,000. Terms of the settlement in June were not disclosed.
The mansion has a whopping 21 bedrooms and 25 baths, a private lake with gazebo, an indoor/outdoor pool, gym and grand media room, all spread nicely over 48,000 square feet of living space.
If you love Fitty’s house like, er, a fat kid loves cake, view the listing to find out more about his crib.
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