Not Valuable Like They Used To
The real estate market can sometimes be hit or miss. One day houses are flying, the next they’re much harder to sell.
Now, imagine huge mansions that used to cost a fortune back in the day but are much harder to move these days. With how specialized and personal these mansions are they’ve sat still for years.
They Just Won’t Sell
If people think selling a normal house is hard, try selling ones that are in the millions!
Not only does it make the potential buyer pool smaller, some stars have made design changes that actually lower the value. These homes have been stuck on the market for years.
Matt Lauer’s Waterfront Estate
The Hamptons, New York – Originally priced at $44.8m since 2019
The former journalist and NBC anchor bought this placed from Richard Gere. But since his personal and professional life fell to pieces because of scandals and other shady issues, no one will touch ANY of the properties he wants to dump. Even the firm in charge of selling the place took it down after news hit about the allegations.
Joey Lawrence’s Mansion
Encino, California – Originally priced at $3.2m since 2010
You remember the show Blossom? Yeah, the guy who placed her brother – WOAH! Sadly though, the actor hit some hard times in his personal life and tried to sell the home he had lived in for over 20 years. He bough it for a “reasonable” 1.2m back in the day, and refused to take any loses on the property, but it hasn’t sold yet.
Lake Forest, Illinois – Originally priced at $18m since 2007
This place was originally a wedding present from John G. Shedd to his daughter. It’s even been place that entertained royalty. For some reason, it won’t move – offers fall through or it’s just market silence.
Los Olivos, California – Originally priced at $100m since 2015
Michael Jackson’s ranch (now called Sycamore Valley Ranch) was on the market for a very long time. However, after he passed way it went to wee. Even though the amusement park rides and animal have been taken out, and the price has been drastically cut, no one is putting in offers.
House in a Rock
This place is meant to have different experiences depending on the angle you look at it from.
The super-high art architecture project, however, makes it hard to move. Rumours of prices vary wildly.
Jennifer Lopez’s Mansion
Los Angeles, California – Originally priced at $17m since 2015
This super-star singer has several properties she plans on keeping. However, the nine-bedroom mansion with dance studio, theater, and recording studio didn’t attracted any attention until she dropped the price down to $4.5m. Sellers aren’t sure why no one wants it so far.
Tommy Hilfiger’s Mansion
Greenwich, Connecticut – Originally priced at $48m since 2020
This house is the “new kid” on the real estate block. It has a long history, including a famous Yale graduate who helped redesign it. It was put on the market because Hilfiger’s consultants told him it was the right time to sell. No one is interested so far.
Kurt Russell and Goldie Hawn’s Beach Mansion
Malibu, California – Originally priced at $14.8m since 2011
The strong-going Hollywood power couple used to rent out the Balinese- inspired mansion for $95,000 a month. This ended up quite the profitable side income. But when they tried to sell it, the lush, tropical atmosphere got no serious nibbles.
Faith Hill and Tim McGraw’s Mansion
Leiper’s Fork, Tennessee – Originally priced at $20m since 2013
There’s no doubt that picturesque property would make any buy salivate. But the house wasn’t the issue – it was the area. The unincorporated town only has 650 people. There’s nothing to do except visit the local distillery, church, and one restaurant.
50 Cent’s Mansion
Farmington, Connecticut – Originally priced at $18.5m since 2007
The property was originally owned by Mike Tyson. When 50 Cent decided to sell it after having it for years, every potential buy laughed themselves into tears. Why? The starting price was far too high. He ended up having to cut it down by 84% before people would take things seriously.
Denise Richards’ Mansion
Calabasas, California – Originally priced at $7.749 since 2015
The Real Housewives of Beverly Hills cast member bought this to be closer to filming. But when she tried to sell it, it stayed stale and aging on the market for over 10 years. It’s stocked to the brim with luxeries and there’s a rumor that Angelina Jolie stayed there during her divorce.
Ann Starrett Mansion
Port Townsend, Washington – Originally priced at $1m since 2020CreditPort Townsend, Washington – Originally priced at $1m since 2020
The 5,800 square foot home is a Victorian stunner. The owners tried turn it into a profitable hotel, but they couldn’t get anyone to stay. Why? Apparently the Starrett couple is haunting the place.
Michael Jordan’s Estate
Chicago, Illinois – Originally priced at $29m since 2012
The selling of this place is filled with drama. Aside from the asking price being too high, the additions are really only for an athlete (things like a basketball court). These don’t interest normal, potential buys and therefore limit it to other athletes. The general consensus is that property will continue to lose its value.
Sylvester Stallone’s Estate
La Quinta, California – Originally priced at $4.5m since 2014
The Rocky star was greatly involved in this home’s design. The Mediterranean influences are clear, as is his Italian heritage. But even though he ended up taking a huge hit in the price, Stallone ended up having to take it off the market and then put it up again 5 years later.
Lake Superior, Michigan – Originally priced at $40m since 2017.
This sprawling lodge was formerly owned by General Motor’s founder. But the remote location, massive undertaking to care for a 100-year-old home, and other factors made this place stay empty for decades/
Kevin Jonas’ Mansion
Montville, New Jersey – Originally priced at $2.5m since 2017
The heartthrob singer from the Jonas Brothers made a tidy profit within real estate investments. But the one he had built for himself had a harder time moving, even with an undercut price.
Lake Forest, Illinois – Originally priced at $18m since 2007
This place was originally a wedding present from John G. Shedd to his daughter. It’s even been a place that entertained royalty. For some reason, it won’t move – offers fall through or it’s just market silence.
Savannah, Georgia – originally priced at $1.235 million.
This five bedroom and five bathroom estate was built in 1855 and belonged to American author and poet, Conrad Aiken. This home is connected to the poet’s life that was famously tragic which means this house might be on the market for years to come.
Billy Joel’s Mansion
Palm Beach, Florida – Originally priced at $20m since 2015
The famous pop singer had a streak of bad luck with this property. Even though he put down the price a little and offered to throw in all the furniture, nothing happened.
Alonzo Mourning’s Mansion
Miami, Florida – Originally priced at $12m since 2018
The sports star put a lot of time and money into this place. Someone also ended up buying it after he cut down the price. However, the current owner isn’t having as much luck selling it (even with the spot’s glamorous history).
Lake Superior, Michigan – originally priced at $40 million.
This incredible mansion was built by 400 expert Scandinavian craftsman and builders and has been on the market since 2017. Now, it’s selling point is $20 million but buyers still reject it for it’s remoteness and century-old age.
Antonio Banderas’ Central Park Apartment
New York City, New York – Originally priced at $4.4m since 2018
When Banderas separated from his former wife, he bought out this property from her. But there haven’t been many interested parties. It’s still stuck on the market. Maybe is the price of living in the area?
Shaquille O’Neal’s Mansion
Windermere, Florida – Originally priced at $28m since 2018
The sports star bought his place for a low $4m. But since then he did some drastic renovations – like a 17-car garage. It might have been perfect for him, but the changes made it undesirable to the general public (at least the ones who could afford it).
Brad Pitt and Jennifer Aniston’s Former Estate
Beverly Hills, California – Originally priced at $44.5m since 2019
Even after the former Hollywood power couple sold this to an executive, the last owner couldn’t cash in on the famous previous owner’s upgrades. It’s been on and off the market with no success.
Mel B’s LA Home
Los Angeles, California – Originally priced at $9m since 2017
This Spice Girl singer ended up having a rough time later on in life and really needed to dump the property. It took two years to find someone who was interested.
Beverly Hills, California – Originally priced at $16.95m since 2020
The mega- property went public and everyone was interested in seeing what would happen. However, the singer priced it too high and couldn’t find anyone until he went down to $14m. There’s no word yet if the deal was closed.
Melanie Griffith’s Estate
Aspen, Colorado – Originally priced at $10m since 2015
It’s really nice to see something that isn’t the traditional California estate design. But the gorgeous chalet didn’t attract any buyers until she slashed it to $4.3m. It ended up being sold but it must have hurt the actress’ wallet.
Mel Gibson’s Home
Malibu, California – Originally priced at $14.5m since 2010
Gibson first bought this grand home from David Duchovny and gave it a face lift. But when he finally decided to sell it, nobody wanted it. Rumor has it that the high property taxes were to blame. The price dropped by millions before he took it off the market then put it back on again for the original asking price.
Ellen DeGeneres’ Mansion
Los Angeles, California – Originally priced at $8m since 2014
Even though this celebrity has earned most of her money from the entertainment industry, she and her wife have a side hustle of flipping properties for a nice profit. Most of the time, they are successful. But the LA, super-fancy apartment just won’t budge – even after taking a huge hit on the price.
Steve Cohen’s Penthouse
New York City, New York – Originally priced at $115m since 2013
The loaded hedge funder must be frustrated that there is little to no interest in the industrial-themed property. Even after cutting by 50%, there were no bites. The main theory is that it’s the high price mixed with the expensive property taxes and pricy cost of living.
Alan Wilzig’s Townhouse
New York City, New York – Originally priced at $44m.
If you’ve seen Wolf of Wall Street, the real-life guy that DiCaprio played is the one that is trying to sell this stunning townhouse. But even though the decor was toned down and the price taken down, even more, there are no interested buyers.
Vincent Forge’s Mansion
Chester County, Pennsylvania – originally priced at $825,000. Has been on the market since 1994.
It became a farmhouse in 1800 and then became a catholic boy’s summer camp in 1925. After being abandoned in the 1970s, it has struggled to find a buyer.
The Halston Penthouse
Manhattan, New York – originally priced at $38 million.
This home went on the market in 2011 for $38 million. But since then, the price has steadily dropped to $24 million and we’re still counting! Halston was a designer known for his minimalistic and chic style. But perhaps not everyone is into his taste?
Beverly Hills, California – originally priced at $129 million.
This home has 12 bedrooms, 23 bathrooms, and a wine cellar measuring about 10,000 square feet. It’s been on the market since 2017 and was finally bought by a real estate mogul for $35 million. He’s flipping it to try to re-establish its value.
Denise Richard’s Mansion
Calabasas, California – originally priced at $7.749 million.
Actress and model, Denise Richards is currently best known for being a part of the cast on The Real Housewives of Beverly Hills. She put this house on the market 10 years ago to be closer to filming. However, 10 years late, she’s still no close to finding a buyer. She might have to lower that price tag.
SK Pierce Mansion
Gardner, Massachusetts – originally priced at $329,000.
Built in 1875, and home to founder of S.K. Pierce & Sons Furniture Company, Sylvester Pierce, this Victorian mansion is known both locally and internationally for being “haunted”. It has huge visitor appeal but it’s unlikely any of those will turn into buyers!
8 Mile Road Mansion
Northville, Michigan – originally priced at $9.9 million.
This home is in an area where intense poverty and extreme wealth can be found side by side. This mansion however is a hidden gem. It requires visitors to drive a very long private road to get there. This property has been on the market for only 2 years but still, it has no takers.
Albion, New York – originally priced at $1 million.
This Grecian-style mansion has dropped 50% since it appeared on the market in 2015. The house is renovated and perfectly liveable but its reputation as a haunted house prevents buyers from making a deal.
Farmington, Connecticut – originally priced at $14.5 million.
This mansion’s most unique feature is its built-in nightclub. It’s a party-friendly home and even has its own helipad. But not everyone likes to party. This mansion has dropped 60% to $6 million since coming on the market. And it’s not the only mansion having trouble selling…
Brentwood, Tennessee – originally priced at $3.25 million.
This lavishly decorated and Old World exterior style mansion is located just beside the 18th tee of a nearby golf course. There were high hopes that a wealthy golf enthusiast might be quick to buy this property, but since its appearance in 2012, there hasn’t been a single buyer insight.