- A Beverly Hills mansion previously owned by Hollywood names such as Cher and Eddie Murphy is now up for sale, according to recent reporting from Robb Report.
- While the compound was listed two years ago for $US85 million, the property is now listed for $US48 million.
- The property includes a main house, a guest house, stables, a pool, and a private tennis court.
- Visit Business Insider’s homepage for more stories.
Cher’s mansion is back on the market – this time with a hefty price chop.
According to Robb Report, Cher lived in the home for over a decade before selling the house to comedian Eddie Murphy in the late 1980s. The 11-bedroom, 17-bathroom estate joins other celebrity homes on the market, including Bruce Willis’ Turks and Caicos estate and a Beverly Hills estate previously owned by Jennifer Aniston and Brad Pitt. The property – listed for $US85 million two years ago – is now listed for $US48 million, just one example of drastic real estate discounts in the past year.
While some celebrity homes do sell, such as Serena William’s 6-bedroom home, many mansions – like Michael Jackson’s Neverland Ranch – continue to sit on the market despite hefty price cuts. Rapper 50 Cent’s mansion sat on the market for a decade before selling this April. Previous reporting from Business Insider’s Lina Batarags shows that customised houses can be hard to sell, as they include extremely personalised features that do not appeal to every buyer.
Keep reading for a look inside the 14-acre property.
The estate is 15 miles outside of Los Angeles in the Benedict Canyon area, just a 10-minute drive from The Beverly Hills Hotel and other nearby sites.
The property is also a 15-minute drive from luxury shopping at Beverly Hills’ infamous Rodeo Drive.
The gated property — listed for $US48 million — is flanked by massive red doors …
… which open to reveal a long, paved driveway.
The roads wind their way up to the property’s main buildings …
… which include the stables, marked by arched entryways.
The stables, which are surrounded by manicured lawns, also include a nearby fire pit for outdoor entertaining.
Inside, the open-air stables reveal five stalls and seating for visitors. The interior is painted white with dark wood accents.
The main house — which is 20,000 square feet — sits on a sloped lawn …
… and includes 11 bedrooms and 17 bathrooms.
Its ivy-covered front also features several private balconies. Nearby, a 7,000-square-foot guest house can house additional visitors.
A private tennis court sits in front of the house. The property also features a swimming pool.
A finished cabana provides a shaded area for guests to cool off after playing tennis in the Californian sun.
The outdoor patio features lounge seating …
… along with an outdoor dining table that seats 12 guests.
Once a four-acre plot, the compound now spans over 14 acres.
Its paved walkways also lead to two riding rings.
Rustic doors, which match the main gate, lead to other areas of the garden and the expansive property …
… which includes nature trails and more grounds for the horses.
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