The stars are getting rid of their homes left and right, and at discount prices!
According to Zillow Blog, 68-year-old singer/songwriter Barry Manilow and the 37-year-old personality Ryan Seacrest have hit up the Los Angeles real estate market, each putting their multi-million dollar pads up for sale… again.
Manilow’s Malibu hideaway was initially for sale at $10.9 in 2009. That price has drooped to the $6.95 million he is asking today.
Currently in New York, Manilow is making up three shows at Radio City Music Hall that he missed due to health problems that resulted in hip surgery.
His marked down four-bedroom home set on Malibu Road boasts a stellar view of the Pacific Ocean, as well as a guesthouse across a private courtyard… just ‘cause.
And, let’s not forget the property’s celebrity-approved privacy level. The grounds are lined with high fences to assure nosy neighbors won’t disturb the future tenant.
The market isn’t any better over in the hills…
Ryan Seacrest is also selling his Hollywood Hills home, which begs the question, “When you’re Ryan Seacrest and trying to sell your house, who buys it?” Bill Gates? Michael Bloomberg? Google?
The American Idol host recently put his house back on the market at the lowered price of $11.985 million. This is almost $3 million off the original asking price, so now’s the time to buy, mansion shoppers!
Seacrest first put his home on the market for the asking price of $14.95 million in 2010, but wasn’t able to sell.
The house – set on Nichols Canyon in the Hollywood Hills - features wrought iron gates, views, a screening room, and a pool and championship tennis court on the grounds.
According to realtor Westside Estate Agency, the 10,000 square feet “crown jewel” has six bedrooms, 6.5 baths, and some serious Hollywood history in its previous owners.
With all the money Seacrest is vacuuming in with contracts lately; maybe he’ll just have to buy the place from himself.
Both instances confirm that L.A.’s real estate market is still in the tank. This would be sad for the owners trying to sell if they weren’t so dirty rich to begin with.