Could it be second time lucky for pop royalty Cher? She has once again listed her Malibu property on the market through Carolwood Estates and the asking price this time around for the seven bedroom, nine bathroom villa/mansion complete with tennis court and infinity pool is around the $75 million USD mark; that’s down from the asking price of $85 million USD from the last time she listed the property.
Cher doesn’t seem to be having much luck shifting the Mediterranean influenced property, which she initially bought back in 1989 for $2.95 million, as this marks the second time there has been a drop in asking price. Back in 2002, she was rumoured to be shopping the property around at a then asking price of $41.2 million USD, though the property was taken off the market shortly thereafter.
It’s a big property for Carolwood Estates to be trying to shift for the diva, which also boasts an air-conditioned control room specifically for Cher’s wigs - a first we’ve seen since starting to write for PeopleWorld. However she is in more than capable hands with both Robert Kass and Drew Fenton looking after the property; they both were involved in the sale of Cher’s former home, the Owlwood Estate, as well as the Playboy Mansion.
It seems like this spring season a number of celebrities are putting their properties on the market, either for a spring clean, a fresh start or if you’re a cynic, to balance the profit and loss books ahead of a new financial year. Brad Pitt recently put up his Los Feliz ranch for sale, while Kanye West’s plans for creating sustainable housing on both his Monster Ranch and his Calabasas ranch have fallen into a state of disarray, prompting some commentators to believe he’s about to offload both to offset his loss of billions (and dropping out of the Forbes Billionaires List this year.)
Perhaps those audience members at Peopleworld could pitch in together and share the fantastic, Italianesque property like many holidayers do in a villa in the warmest parts of Spain or mainland Europe. Given this is the second time the property has been placed on the market, perhaps you could talk to Cher about a nearest offer price?
1. The main entrance to the seven bedroom, nine bathroom property currently on the market through Carol Wood Estates (Credit: Carol Wood Estates)
2. The property has two entrances and a guard on hand to ward off intrusive visitors (Credit: Carol Wood Estates)
3. Two discreet locations within the confines of the Malibu mansion (Carol Wood Estates/Getty Images/Canva)
4. The decor throughout Cher's mansion has been likened to the styles found in Spain and Morocco (Credit: Carol Wood Estates)