While an association with a celebrity seems like it would help a home
sell more quickly, that doesn’t seem to always be the case. According to Redfin, homes owned by celebrities
tend to spend 36 more days on the market than other homes, and they
typically sell for less than what the seller had originally asked for.
It could be that these homes have price tags that only a
celebrity-sized paycheck could cover — or, it could just be that the
draw of a star power is not as strong as it would appear.
Either way, we’ve rounded up eight celebrity-owned homes that have
languished on the market — some of them for several years at several
different price points.
50 Cent’s Connecticut mansion
50 Cent first listed his 50,000-square-foot home in
Farmington, Connecticut, for $18.5 million in 2015. In the fall of that
year, he lowered the price significantly, to $8.5 million, after he had
filed for Chapter 11 bankruptcy.
He again lowered the price, this time to $5.995 million, in 2016, and the price has remained the same since.
The home is totally over the top, with “21
bedrooms, 25 bathrooms, an indoor pool and hot tub, a substantial night
club, an indoor court, multiple game rooms, a green screen room, a
recording studio,” among many other opulent features, according to the
Douglas Elliman listing.
Matt Lauer’s Sag Harbor estate
Matt Lauer is having a hard time offloading his home in the Hamptons. He originally listed
for $17.995 million in July 2016. He cut $1 million from the listing
price in September 2016, and now it’s asking $14.9 million.
The 8,000-square-foot home sits on top of a 25-acre private lot. The
home was built in a stunning traditional style with plenty of space for
entertaining guests and a backyard pool to lay out by.
Steve Cohen’s mansion in the sky
Billionaire hedge funder Steve Cohen has been seeking a buyer for his Manhattan duplex penthouse since 2013.
had a number of different listing prices: $115 million, $98 million,
$82 million, $79 million, $72 million, $67.5 million, and now, $57.5
The 9,000-square-foot space has five
bedrooms and six baths. Cohen is an avid art collector, and the home has
a dedicated gallery to put his pieces on display.
Michael Jordan’s suburban Chicago property
Michael Jordan listed his Highland Park, Illinois home for nearly $29 million in 2012.
Five years later, multiple price chops have not helped it move off the market. It’s currently for sale for about half that — $14.885 million.
There’s a home theater, world-class workout room, and a massive set of gates bearing the number “23.”
Alan Wilzig’s toned-down Tribeca townhouse
Though not in a celebrity in the traditional sense, Alan
Wilzig is an entrepreneur and semiprofessional race car driver who
served as the real-life inspiration for a character in “The Wolf of Wall
He’s also been trying to sell his New York City
townhouse for years. It’s been on and off the market with different
brokers and at different prices, initially listing for $44 million in
2014 and making its way down to $18.75 million in October.
The townhouse has looked progressively more tame as it’s relisted over the years.
The Obamas’ summer rental
President Obama and his family rented
this sprawling, 7,000-square-foot mansion in Martha’s Vineyard for an
entire summer in 2013, but that seems not to have made the house any
easier to sell.
Now it’ll be just a little bit cheaper to
live like the first family all year round. The house listed in July 2015
for $22.5 million. Just three months later, the house already had a 15%
Now, nearly two years later, the house is still for sale, at a discounted price of $17.75 million.
Trump’s St. Martin chateau
President Donald Trump’s luxurious St. Martin estate, which he owns through
two companies called Excel Venture I LLC and Excel Venture Corp I, was
listed for $28 million in May. It’s also known as Château des Palmiers.
Its price was later brought down by a little more than $11 million, to $16.9 million, in August.
typically uses the Caribbean escape as a rental property, and,
according to the disclosure, he gets between $100,000 and $1 million a
year from it. The sale is being handled by a revocable trust run by
Donald Trump Jr. and Trump Organization executive Allen Weisselberg.
It reportedly survived Hurricane Irma relatively undamaged, in contrast to the widespread destruction that was brought to the rest of the island of St. Martin.
Tommy Hilfiger’s Plaza penthouse
This 5,600-square-foot duplex in The Plaza hotel has been on and off the market since 2013, when fashion designer Tommy Hilfiger and his wife, Dee Ocleppo, first listed it for $80 million.
was later dropped to $75 million, then to $68.95 million, and then to
$58.9 million before it fell off the market in April. It’s now back on the market for $50 million.
The condo is located on the 18th and 19th floors of the Plaza and has four bedrooms with views of Central Park and Fifth Avenue.
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