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March 20, 2012"
The notorious Holmby Hills house where Michael Jackson died is back up for sale, yet again and with a tiny little priceup. The house has been on and off the market since 2008 (with a starting price of $38 million), and was renting to Jackson for $100,000 a month when he suddenly died in June 2009. Last fall,
owners Hubert and Roxanne Guez (Hubert is the CEO of Ed Hardy) sued the woman who sells star maps down the street, saying she and her customers were scaring away potential buyers (we can think of a few other scary things they might want to sue first, but whatever). The house was designed by Richard Landry and built in 2002 on 1.26 acres. It has seven bedrooms, thirteen bathrooms, a theater, an elevator, a spa and gym, and a guesthouse. In December, many of the furnishings (including a “pair of obelisk and urn form table lamps” and a “Parian marble statue of a peasant girl”) were sold at auction. Now the house is back on the open market for the first time since last summer–
it was last seen asking $23.5 million; it’s now asking $23.9 million."
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January 16, 2011More Haircutting While Chasing the Market Down"Last Sunday we looked at a feature from Zillow Blog: ten expensive home sales in 2010 from all around the country. Today we take another look at more hideously high-priced homes across the nation, only these still haven’t sold.
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Michael Jackson’s Rented House – Holmby Hills (Los Angeles), CA
Original Asking Price: $38 million (April 2008)
Reduced Asking Price: $28,995,000(August 2010)
Current Asking Price: $23.5 million (October 2010)Haircut so far: –46% ($14.5 million)
Yes, MJ was the tenant here, not the owner. It’s just your basic 17,100 square foot 7 BR/13 BA French Chateau designed by Richard Landry off Sunset Boulevard. Has the usual guest house and private cinema. Ho hum.
Last sold for $18.5 million in 2004, and may very well sell for something a lot closer to that."
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