Whether it’s that little bit of stardust that we hope will magically rub off, or it’s just that little bit of X factor that makes a house more attractive, but you’d imagine when a celebrity owned real estate, it would affect the selling price.
The Only Way Is Up, Right?
You’d expect an increase when celebrities sell their house, but that’s not always the case. In real estate, location is everything. Even for celebrities. Nevertheless, real estate is something celebrities love to invest in.
Jon Bon Jovi’s New York City Pad
Bon Jovi’s new album
Jon Bon Jovi definitely had the location right. His beautiful penthouse in NYC, with views to the city, was on the market for two years, before finally selling it for a $37.5 million, earlier this year. And even though it is a $4.5 million less then the original listing price, two years ago (which was $42 million), he still made a nice profit.
He and his wife had bought the property in 2007 for $24 million. Now, the couple wanted to downscale and they bought a new – to be developed – condo in New York for $12.9 million dollars, just last week.
Madonna’s House In Beverly House
Madonna
Madonna’s old house in Beverly Hills, LA has recently been sold to Rockstar energy drink’s chief, Russell Weiner, for a cool $19 million. Not bad, considering there have been reports about this property’s asking price being over $27 million.
When Madonna bought the property, in 2003, she paid $12 million for it. Madonna moved out in 2013 and sold the property for $19.5 million. So maybe this one is the rare occasion where you could say: No Madonna, no profit.
More Celebrity Owned Real Estate
If you are looking for a celebrity pad, you could consider the townhouse Johnny Depp and Kate Moss rented when they were engaged, or the Spanish-style house from one half of the Eurythmics duo, David A Stewart. They are all on the market right now.
Read more:
Jon Bon Jovi sells NYC penthouse for $37.5M (PHOTOS) (NJ.com)
Rockstar energy drink chief buys Madonna’s former home for $19 million (PHOTOS) (LA times)
Celebrity Homes for Sale from Cate Blanchett, Nikki Reed, Tobey Maguire, and More (Architectural Digest)
