Pop superstar Madonna has lowered the asking price for her Beverly Hills mansion from £17.5 million to £14 million after it failed to sell.
The Material Girl quietly put the French Country-style California home on the market as a pocket listing last March, but the nine-bedroom pad remained unsold by the end of the year.
Madonna has now formally placed the pad up for sale at the reduced price in a bid to attract potential buyers, according to the RealEstalker blog.
The property also boasts a gym, an art studio, two guest houses and a full-sized screening room.
The Material Girl quietly put the French Country-style California home on the market as a pocket listing last March, but the nine-bedroom pad remained unsold by the end of the year.
Madonna has now formally placed the pad up for sale at the reduced price in a bid to attract potential buyers, according to the RealEstalker blog.
The property also boasts a gym, an art studio, two guest houses and a full-sized screening room.
From OK! Magazine
No she bought it well before the peak more then 10 years ago. Why she's selling probably just to put the funds in some other investment. It's not i need the cash play obviously, she's just has other goals in mind. Recently listed her NYC "pad" as well she just was not using anymore.
Posted by: John | Tuesday, 15 January 2013 at 03:19 AM
We should all chip in a few ££$$ and get it as a time share holiday home :)
Posted by: Bri | Monday, 14 January 2013 at 10:17 AM
"Pad..?! Neither Our Queen OR the author of this article have seen MY home then! Madonna´s house IS a mansion,calling it a pad seems a tiny bit ironic! ;-)"
Posted by: Johanna | Sunday, 13 January 2013 at 04:24 PM
Errrr, kinda think that is the point. The author IS being ironic! :-o
Still amazed she hasn't sold her London properties, though, considering she never seems to be in the UK these days.
Posted by: Marl | Monday, 14 January 2013 at 09:23 AM
WHO.... CARES?
Posted by: Dustin | Sunday, 13 January 2013 at 09:03 PM
I wonder why she wants to sell it.
Posted by: Juan | Sunday, 13 January 2013 at 08:49 PM
@MikeinSJ: this is not being a smart businesswoman. No, it's what sellers around the world are having to do to shift their overpriced property. And, £14m is basically nothing to M, given her net worth!
Posted by: Lou | Sunday, 13 January 2013 at 08:47 PM
Pad..?! Neither Our Queen OR the author of this article have seen MY home then! Madonna´s house IS a mansion,calling it a pad seems a tiny bit ironic! ;-)
Posted by: Johanna | Sunday, 13 January 2013 at 04:24 PM
......damn i think i've spent that much on tickets, merchandise, memorabilia, dvd's, cd's, vinyl, tapes (remember them?!?!) over the course of nearly 30 years to afford that now!.....wonder if she'll do a house swap??
Posted by: Madgenut | Sunday, 13 January 2013 at 12:32 AM
Wow! That drop in price is going to make purchasing Madonna's former home so much more attainable to me now!!
Posted by: ngl | Saturday, 12 January 2013 at 07:45 PM
She was smart to cut the price. She bought it at the height of the market and there is no way it would sell at that price now. Smart businesswoman as usual...
Posted by: MikeinSJ | Saturday, 12 January 2013 at 04:20 PM