Celebrity who lost money on the house: Justin Bieber Rees Witherspoon

A luxury life doesn’t always break down – Justin Bieber,,,,, Reese Witherspoon and LeBron James Discovered when they tried to sell their multi-million dollar property.

Although some celebrities like it Bethenny Frankel and Andy Cohen Massive profits in designer residences, and many others have to endure the economic difficulties and volatility of the real estate market.

Even the most dazzling celebrity homes sometimes fail to attract buyers until prices are significantly reduced.

Keep scrolling back to some celebrities who actually lost money on sale of luxury homes:

Justin Bieber

Shortly after marrying his wife Hailey BieberJustin lost $500,000 at home in the colonial-style Beverly Hills that attempted to unload in 2021. The “Honest” singer paid $8.5 million for both stories, paying $8.5 million for the 4,900-square-foot home in 2019, but is ready to go out after just two years. The property was renovated by a Hollywood production designer Charles Infante Before entering the market.

Even though the venue has five bedrooms, seven bathrooms and a private cinema, Justin lost money by selling his Beverly Hills home for just $7.955 million.

Reese Witherspoon

this Legally blonde The actress owns a 7-acre estate in Ojai, California, which was originally built by influential architects Wallace Neff For glassware tycoon Edward Libbey. The “Californian style” house boasts of arched windows, and the original stone Neff was installed nearly a century ago.

Dream Retaway property features multiple guest cabins, a swimming pool and horse stable as well as nine bedrooms, five full bathrooms and two and a half bathrooms. It even has a significant position in Hollywood history Robert Pattinson from Kristen StewarT in 2012. Witherspoon gets married Jim Toth At the Ojai retreat in 2011. (Toth and Witherspoon divorce in 2023)

Surprisingly, Witherspoon couldn’t recover her initial $5.8 million price because nearly $1 million had to be cut before the buyer agreed to pay $4,983,500.

Ryan Phillippe

Unfortunately, for Phillippe-Witherspoon’s extended family, Reese isn’t the only one working to uninstall her California property. Her ex-husband Ryan lost more than $1 million when she sold Hollywood Hills West Mansion for $6 million in 2013.

Phillippe initially paid $7.175 million for the “Zen-Modern Retreat,” which features a gym, media room, private office, hotel and swimming pool, and over 7,600 square feet of speakers with underwater speakers. Enclosed property features five bedrooms, 6.5 bathrooms and an outdoor kitchen.

Andy McDowell

this The way home The star suffered only a slight loss after her California Marina del Rey signed a $1.75 million contract. She initially paid $1.77 million in February 2013, but flipped the single-family home only nine months later.

The 2,614 sq. ft. open plan home with marble floors and three bedrooms and bathrooms. Even if MacDowell suffers insignificant losses in sales, the pool and outdoor seating areas add value.

LeBron James

Since moving out of the West in 2018, the Los Angeles Lakers star has multiple homes in the Los Angeles area. Unfortunately, a property near Brentwood proved difficult to sell.

James reportedly reached a deal for $19.6 million in his 2021 secondary Brentwood residence despite paying $20,986,500 six years ago. The property was in a strait in the market before James finally made a private deal.

Related: Anna Kendrick’s former Hollywood Hills cost nearly $2.4 million

Anna Kendrick’s former Hollywood Hills “starter Home” sold nearly $2.4 million. The Pitch Perfect actress’s property sold more than double the $1 million in the market in less than a month, according to Realtor. Kendrick’s real estate team is able to sell 2700 square feet […]

The original list of 9,440 square feet of residence promises to offer potential buyers “every conceivable amenities” including a paneled library, elevator, four fireplaces and of course a basketball basket. Buyers are able to relax in the well-designed six bedrooms and rest with oak floors and detailed ceilings.

Channing Tatum and Jenna Dewan

The former couple put their $6 million Beverly Hills home on the market shortly after their breakup in 2019. They come from Hampton style 4,850 square feet home from Carrie Fisher 2015.

The Beverly Hills mansion has six matching bedrooms, bathrooms and fireplace, with three floors and a cedar-style roof. Traditional amenities also include media rooms, private offices, family rooms and even billiards rooms.

Still, Tatum and Dewan found buyers until they cut the price by $75,000 and ended up selling for $5.925 million.

Katy Perry

From the beginning, the Hollywood Shanxi mansion of the “Fireworks” singer was a problem. Perry Russell Brand For $6.5 million, but once they broke up in 2012, she sold it.

It’s easy to see what attracted Perry to three acres of double gated Mediterranean style homes. Originally built in 1925, the property features a spacious staircase, two-story living room, stained glass windows and a four-room master suite.

The 8,835 square foot home has 7 bedrooms, nine bathrooms, and even a bar. Unfortunately, Perry never enjoyed living there until she sold it for $5.565 million in 2013, meaning she lost nearly $1 million in a deal.

Simon Cowell

Cowell bought 4,900 square feet of hidden mountain house from singers (with skylights, stable and horse riding area) Leona Lewis In August 2020, $3.9 million. It’s a deal between friends and regular collaborators, as Cowell spotted Lewis in his British TV series Factor X.

The music tycoon quickly brought the property back to the market just 10 days later. While it sold for relatively fast for $3.6 million, Cowell lost $300,000 in deals.

Lucky buyers save a lot of money on single-story properties and their luxury amenities such as swimming pools and hotels.