Spears bought the 9,000-sq.-ft home in October 2004, shortly after marrying Kevin Federline. The property, for which the singer reportedly paid $6.9 million, also includes a garden, pool with spa, tennis court and gym.
But the house, which is in the exclusive gated Serra Retreat area where such stars as Mel Gibson live, may have priced itself out of the market for the moment, according to Kurt Rappaport, president of Westside Real Estate Agency.
“The pricing was aggressive,” Rappaport said. “It’s an expensive piece of property and sophisticated buyers are looking for the best price.”
In fact, says Rappaport, Spears’s celebrity could hurt her ability to sell the property. “Wealthy people don’t want tour buses stopping at their front door,” Rappaport said.
Considering who the owner is, the house probably reeks of baby vomit and unwashed hair, so that might be part of the problem as well.
Celebrity Warship
DISCLAIMER: This posting was submitted by a user of the site not from The Insider editorial staff. All users have acknowledged and agreed that the submission of their story and its contents is in compliance with our Terms of Use.
Do you think it was fair that Helen chose to send her daughter, Shanon, home on "The Biggest Loser"?
Subscribe to our RSS Feed
Comments (0)