Mega-Mansions Owned By Stars That Are Worth Nearly Nothing Now

Published on March 7, 2023
While you might think that investing in a multi-million dollar home would always be a fantastic investment, that really is not always the case. Many homeowners who try to sell their extravagant homes are not able to do so, and the reasons vary. Whether they’re celebrity homes or huge manors, sometimes the home’s net worth significantly declines and the original owners may have to lower their asking price dramatically. Here are some of those mansions that ended up costing their owners instead of making them money.

$10 New Jersey Mansion

That’s right, this house was $10 when it was put on the market, and it stayed at $10. There’s a reason why the price never went up: anyone who buys the home will be obligated contractually to physically move the house away from the land. If you don’t want to do that, you’d have to shell out a whole lot more than $10 to buy the land underneath it as well.

$10 Million New Jersey Mansion

$10 New Jersey Mansion

Michael Jordan’s Chicago Estate, $29 Million

Michael Jordan put his Chicago home on the market for $29 million, but he has since dropped the price down to $15 million since there has not been a buyer. It’s been on the market since 2012 with no luck. The main issue is that the amenities are too sports-focused, so only another professional athlete would likely be interested in such a property.

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Michael Jordan’s Chicago Estate, $29 Million

Michael Jordan’s Chicago Estate, $29 Million

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Kurt Russell and Goldie Hawn’s Beach Mansion, $14.8 Million

Hollywood’s rare marriage success story of Goldie Hawn and Kurt Russell has one failure: selling their Malibu home. They had been renting it out for $95,000 a month, but selling the Broad Beach estate has proven to be quite difficult.

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Kurt Russell And Goldie Hawn’s Beach Mansion, $14.8 Million

Kurt Russell And Goldie Hawn’s Beach Mansion, $14.8 Million

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Tommy Hilfiger’s Mansion, $48 Million

Tommy Hilfiger’s glamorous Connecticut home is on the market for $48 million because he and his wife have decided to relocate to Palm Beach, Florida. The house was originally called Chateau Paterno, as it was built for real estate magnate Charles Paterno. The house includes a four bay garage, greenhouse, rose gardens, and a guest house.

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Tommy Hilfiger’s Mansion, $48 Million

Tommy Hilfiger’s Mansion, $48 Million

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Kathy Griffin’s Bel Air Home, $15.99 Million

Although in a 2016 People interview Kathy Griffin said that her Los Angeles home was “dream house, for sure,” in September 2020 she put it on the market for about $16 million. The home has eight bedrooms, twelve bathrooms, a wine cellar, theater, infinity pool, and a pavilion. The master suite has two walk-in closets, a balcony, and a fireplace.

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Kathy Griffin’s Bel Air Home, $15.99 Million

Kathy Griffin’s Bel Air Home, $15.99 Million

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Kanye West’s Wyoming Ranch, $14 Million

Kanye West’s Wyoming Ranch is quite famous since it inspired both an album of his as well as his fashion line. Despite this, he has decided to sell it. He was initially asking for $14 million but is now selling it for $11 million. The ranch has stunning views of the Rocky Mountains and is about 50 miles from Yellowstone.

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Kanye West’s Wyoming Ranch, $14 Million

Kanye West’s Wyoming Ranch, $14 Million

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Matt Lauer’s Waterfront Estate, $44.8

The former NBC news anchor decided to put his waterfront estate on the market, which he bought from Richard Gere, for $65 million. The second home he’s selling, in New York, is going for $44.8 million. The fact that it is Lauer trying to sell the home isn’t helping, given his name being shrouded in controversy as of late.

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Matt Lauer’s Waterfront Estate, $44.8

Matt Lauer’s Waterfront Estate, $44.8

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Sylvester Stallone’s California Estate, $4.5 Million

Sylvestor Stallone bought his La Quinta, California mansion in 2010 for $4.5 million. Although the gorgeous home was designed by Stallone himself, it has not been easy to sell it. He took it off the market in 2015 after two years of no luck. Then he re-listed it again, with an asking price of $3.87 million.

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Sylvester Stallone’s California Estate, $4.5 Million

Sylvester Stallone’s California Estate, $4.5 Million

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Jennifer Lopez’s Mansion, $17 Million

Jennifer Lopez’s gorgeous California home was initially listed at $17 million when she put it on the market in 2015. Even though it’s an incredibly stunning house, she has not been able to sell it. She has since reduced the price to $12.5 million. Perhaps California’s high property tax is the reason buyers are weary of this mansion.

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Jennifer Lopez’s Mansion, $17 Million

Jennifer Lopez’s Mansion, $17 Million

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Britney Spears’ Beverly Hills Home, $6.8 Million

Britney Spears purchase this Italian inspired mansion in 2007 for $6.8 million. In 2012, she sold the home for $2.126 million, at a pretty significant loss. Now, the new owners are trying to sell the home once again. It has been on the market since 2018 and has been listed at $8.95 million.

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Britney Spears’ Beverly Hills Home, $6.8 Million

Britney Spears’ Beverly Hills Home, $6.8 Million

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Penelope Cruz’ Los Angeles Home, $3.695 Million

Penelope Cruz and her husband Javier Bardem put their home on the market in 2010 with an asking price $3.695 million. A year later, they reduced the price to $3.1 million. They were finally able to sell the home in 2012 for just $2.88 million.

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Penelope Cruz’ Los Angeles Home, $3.695 Million

Penelope Cruz’ Los Angeles Home, $3.695 Million

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Rihanna’s Beverly Hills Mansion, $7 Million

Pop star Rihanna bought this gorgeous Beverly Hills mansion in 2009 for $6.9 million. The home was designed by architect Adrian Rudomin and features eight bedrooms, ten bathrooms, a sauna, library, and theater. Rihanna sold the home for $5.03 million at a pretty big loss.

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Rihanna’s Beverly Hills Mansion, $7 Million

Rihanna’s Beverly Hills Mansion, $7 Million

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John Krasinski’s West Hollywood Home, $1.245 Million

This home was John Krasinski’s first one that he purchased. He put it on the market in 2009 with an initial asking price of $1.245 million. After two years with no buyer, the price was reduced to $945,000. The house came with hardwood floors, French doors, and a detached guest studio apartment.

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John Krasinski’s West Hollywood Home, $1.245 Million

John Krasinski’s West Hollywood Home, $1.245 Million

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Tori Spelling’s Encinito Home, $2.5 Million

Tori Spelling featured this Encinito house in her reality show Tori & Dean: Home Sweet Hollywood. It was filmed from 2007 until 2011, but once the show went off air, Spelling sold the home for $2.5 million to L.A. Galaxy player Jermaine Jones. It was then re-listed in 2017 for $4.5 million after Jones made a lot of changes to the house.

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Tori Spelling’s Encinito Home, $2.5 Million

Tori Spelling’s Encinito Home, $2.5 Million

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Steve Wynn’s Las Vegas Mansion

It isn’t known what Steve Wynn paid for his Las Vegas mega-mansion, but he invested $16 million into renovating the house, according to the Los Angeles Times. The home is being listed at $25 million, making it the most expensive Vegas listing of 2020.

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Steve Wynn’s Las Vegas Mansion

Steve Wynn’s Las Vegas Mansion

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Brendan Fraser’s Beverly Hills Home, $4.25 Million

In 2017, Brendan Fraser put his Beverly Hills home on the market, asking $4.013 million, which was below its $4.25 million value. He lived in the house from 1996 until 2017. The house includes a stunning pool, a gym, theater, and a photography darkroom.

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Brendan Fraser’s Beverly Hills Home, $4.25 Million

Brendan Fraser’s Beverly Hills Home, $4.25 Million

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Faith Hill and Tim McGraw’s Mansion, $20 Million

Faith Hill and Tim McGraw are country music’s royal couple with a net worth of $135 million. They owned this mansion in Leiper’s Fork, Tennessee, but they decided to sell it in 2013, asking for $20 million.

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Faith Hill And Tim McGraw’s Mansion, $20 Million

Faith Hill And Tim McGraw’s Mansion, $20 Million

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Joey Lawrence’s Mansion, $3.2 Million

Joey Lawrence, known for his role on Blossom, purchased this Encino, California home almost 20 years ago, and he decided to list it in 2010 for $3.2 million. The home did not sell, and he reduced the price to $2.3 million. He initially bought it for $1.2 million in 1994. In 2016, he re-listed the house at $2.249 million, but hasn’t had any luck yet.

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Joey Lawrence’s Mansion, $3.2 Million

Joey Lawrence’s Mansion, $3.2 Million

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Helen Hunt’s Personally-Designed Mansion, $8 Million

Helen Hunt re-designed this stunning Hollywood Hills home that was once owned by Errol Flynn. She purchased the home with her husband in 1997. After initially listing the mansion at $9 million, it is believed that it finally sold for $8 million.

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Helen Hunt’s Personally Designed Mansion, $8 Million

Helen Hunt’s Personally Designed Mansion, $8 Million

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Steve Cohen’s Penthouse, $115 Million

Hedge fund businessman Steve Cohen purchased this Manhattan duplex penthouse for $115 million in 2013. He has been trying to sell the home for years, first dropping the price to $98 million and then $57.5 million. The penthouse features gorgeous views, five bedrooms, and six bedrooms.

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Steve Cohen’s Penthouse, $115 Million

Steve Cohen’s Penthouse, $115 Million

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Alan Wilzig’s Townhouse, $44 Million

Alan Wilzig was the inspiration for the Wolf of Wall Street film, and Wilzig was played by Leonardo DiCaprio. Wilzig decided to put this Tribeca townhouse on the market for $44 million in 2014. It did not sell, and by 2018, Wilzig dropped the price down to $18.75 million.

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Alan Wilzig’s Townhouse, $44 Million

Alan Wilzig’s Townhouse, $44 Million

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Charming Forge Mansion, $825,000

Charming Forge Mansion can be found in Womelsdorf Berks County in Pennsylvania and was built in the 1700s. The seven bedroom, four bathroom mansion was originally located on an iron forge and was used as the ironmaster’s home and office. The estate was restored in 1994.

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Charming Forge Mansion, $825,000

Charming Forge Mansion, $825,000

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Mel Gibson’s Home, $14.5 Million

Mel Gibson put this French country style Malibu mansion on the market in 2010, initially listing it at $14.5 million. A year later, the price was lowered to $12.8 million, and again to $11.8 million. Gibson then took it off the market and re-listed it in 2019, asking for $14.5 million again.

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Mel Gibson’s Home , $14.5 Million

Mel Gibson’s Home, $14.5 Million

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Stone-Walled Estate, $60 Million

The Stone-Walled estate can be found in Alpine, New Jersey has been on the market for years. The owner has placed it on and off the market for years now. It is believed by the estate developer, Richard Kurtz, that property taxes prevent the home from being sold. Though the price was reduced from $60 million to $32.9 million, still no luck.

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Stone Walled Estate, $60 Million

Stone Walled Estate, $60 Million

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Denise Richards’ Mansion, $7.749 Million

Denise Richards has been in the entertainment industry since 1989. She moved to California from Illinois when she was 15, and has remained there ever since. Her Hidden Hills mansion has been on the market for over a decade, as she wanted to move to Beverly Hills since she became a cast member of The Real Housewives of Beverly Hills.

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Denise Richards’ Mansion, $7.749 Million

Denise Richards’ Mansion, $7.749 Million

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SK Pierce Mansion, $329,000

SK Pierce Mansion, found in Gardner, Massachusetts, was built in 1875 and was owned by Sylvester Pierce, the founder of the S.K. & Sons Furniture Company. The home still has not been sold, and now it has become a popular attraction due to the fact that many believe that it is haunted.

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SK Pierce Mansion, $329,000

SK Pierce Mansion, $329,000

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French Castle – The Bronx, New York, $3.2 Million

You might not believe it, but this French Provincial Castle is found in New York City. It was built in 1926 and is currently being listed at $2.7 million, a reduction from its original $3.2 million price. The castle features five bedrooms and five bathrooms.

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French Castle – The Bronx, New York, $3.2 Million

French Castle – The Bronx, New York, $3.2 Million

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Billy Joel’s Mansion, $20 Million

Billy Joel owns this impressive mansion in Palm Beach, Florida and in 2015, he put it on the market for $20 million. In 2018, he first reduced the price to $16 million and then again to $11 million. Now he is willing to let the future buyers keep the furniture, but that still isn’t enough to get this home sold for some reason.

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Billy Joel’s Mansion, $20 Million

Billy Joel’s Mansion, $20 Million

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Emily Blunt and John Krasinski’s Home, $8 Million

In 2017, Emily Blunt and John Krasinski put their Brookyln townhome on the market, listed at $8 million, even though they bought it a year before for $6 million. The Park Slope home was on the market for over a year when they sold it for $6.5 million.

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Emily Blunt And John Krasinski’s Home, $8 Million

Emily Blunt And John Krasinski’s Home, $8 Million

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Eva Longoria’s L.A. Mansion, $9.8 Million

Eva Longoria’s Los Angeles mansion was previously owned by Tom Cruise, who she bought the house from in 2015 for $14 million. When she put it on the market, she reduced the asking price of the four bedroom home to $9.8 million.

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Eva Longoria’s L.A. Mansion, $9.8 Million

Eva Longoria’s L.A. Mansion, $9.8 Million

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Alonzo Mourning’s Mansion, $6 Million

NBA star Alonza Mourning built this mansion in Coconut Grove, Florida in 1996. He spent a lot of money perfecting the home, but in 2009 he sold it for $6 million. In 2015, the current owner of the home decided to put it on the market for $7.14 million.

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Alonzo Mourning’s Mansion, $12 Million

Alonzo Mourning’s Mansion, $6 Million

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Antonio Banderas’ Central Park Apartment, $4.4 Million

Antonio Banderas decided to buy this Central Park apartment from Melanie Griffith when they separated. He then put it up for sale in 2018 with an asking price of $7.45 million. It still has not sold as of July 2020, and it is unclear whether he will find a buyer or not.

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Antonio Banderas’ Central Park Apartment, $4.4 Million

Antonio Banderas’ Central Park Apartment, $4.4 Million

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Jemima Kirke’s Home, $4.5 Million

Jemima Kirke lived in this Carroll Gardens home that matched her bohemian style perfectly until she decided to put it on the market in 2018, asking for $4.5 million. Though it took a long time, the house did eventually sell.

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Jemima Kirke’s Home, $4.5 Million

Jemima Kirke’s Home, $4.5 Million

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Rachael Ray’s Mansion, $3.5 Million

In 2017, celebrity chef and talk show host Rachael Ray put her Southampton mansion on the market with an asking price of $4.9 million. After 3 years on the market, she was able to sell the gorgeous home for $3.25 million in 2020.

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Rachel Ray’s Mansion, $3.5 Million

Rachael Ray’s Mansion, $3.5 Million

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Kevin Jonas’ Mansion, $2.5 Million

Kevin Jonas owned this Montville, New Jersey mansion when in 2017 he decided to put it on the market. The house was actually built by his own company, he decided to sell anyway. After a year on the market, the home sold for $2.5 million, which was under asking price.

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Kevin Jonas’ Mansion, $2.5 Million

Kevin Jonas’ Mansion, $2.5 Million

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Kelly Clarkson’s Estate, $8.75 Million

In 2017, Kelly Clarkson decided to put her Hendersonville, Tennessee home on the market. The seven bedroom, ten bathroom mansion was listed at $8.75 million initially before the price dropped to $7.5 million in May 2020. However, there is still no buyer on the horizon.

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Kelly Clarkson’s Estate, $8.75 Million

Kelly Clarkson’s Estate, $8.75 Million

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Chelsea Handler’s L.A. Estate, $11.5 Million

Chelsea Handler decided to put her impressive Bel Air mansion on the market in 2018, asking for $11.5 million. A year after being on the market, the price was reduced to $10.95 million, but still doesn’t have a buyer.

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Chelsea Handler’s L.A. Estate, $11.5 Million

Chelsea Handler’s L.A. Estate, $11.5 Million

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Shaquille O’Neal’s Mansion, $28 Million

NBA star Shaquille O’Neal bought this massive Windermere, Florida mansion in 1993. He bought it for $4 million and renovated it, adding a 17-car garage and a private dock. He initially listed the home in 2018 for $28 million but dropped it down to $19.5 million in September 2020. It still has not sold.

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Shaquille O’Neal’s Mansion, $28 Million

Shaquille O’Neal’s Mansion, $28 Million

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Brad Pitt and Jennifer Aniston’s Former Estate, $44.5 Million

After Brad Pitt and Jennifer Aniston got married in 2000, they purchased this incredible Beverly Hills home. After their divorce, they put the house on the market and it was sold to an executive. In 2019, the mansion was put on the market once again, but it took over a year for it to sell. It is now reportedly on the market once again.

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Brad Pitt And Jennifer Aniston’s Former Estate, $44.5 Million

Brad Pitt And Jennifer Aniston’s Former Estate, $44.5 Million

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Mel B’s L.A. Home, $9 Million

Former Spice Girls singer Mel B bought this incredible Los Angeles home with her ex-husband in 2014, but it was placed on the market three years later. It was initially listed at $9 million, was then reduced to $7.5 million, and once again reduced to $5.5 two years after being listed, when it was finally purchased.

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Mel B’s L.A. Home, $9 Million

Mel B’s L.A. Home, $9 Million

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