This Material Girl Isn't Messing Around

According to www.trulia.com: Madonna broke neighborhood records, paying $40M for her four-story Georgian-style townhouse. The double-wide boasts 26 rooms, nine fireplaces, an elevator, wine cellar, garden terrace, library, 38' by 22' drawing room overlooking the garden and a 3,000-square-foot garden. Listed for $42,000,000.00

Nicolas Cage Puts His Las Vegas Home on the Market

With a $460,000 price reduction, Nicolas Cage is pricing his house to sell at $9,490,000. Here's what www.Trulia.com had to report:

6 br 5 ½ ba 14,306 sqft Single-Family Home

Description provided by Realty Trac. This Single-Family Home located at 5100 Spanish Heights Drive, Las Vegas NV 89148 is currently for sale and has been listed on Trulia for 170 days. This property is listed by REMAX BENCHMARK REALTY for $9,490,000. 5100 Spanish Heights Dr has 6 beds, 5 ½ baths, and approximately 14,306 square feet. The price per square foot is $663. The property has a lot size of 15,682 and was built in 2003. 5100 Spanish Heights Dr is in the 89148 ZIP code in Las Vegas, NV.

Jessica and Nick's former home is on the market..

The newlywed home of Jessica Simpson and her ex Nick Lachey in Calabasas California has been listed for $3,995,000.

It's a five bedroom, six and a half bath home with over 6000 square feet. The home features a restaurant style wine cellar, home theatre and of course a recording studio (which can double as a gym).

Source: Trulia.com

This Week's Celebrity Real Estate News Update

Here is this weeks celebrity real estate news update from MSNBC about Mayor Michael Bloomberg, A-Rod and a 30 million dollar apartment:

http://www.nbcnewyork.com/around_town/real_estate/40535722.html

6.5 Million Dollar Arizona Home For Sale

Weekend videos on the b-town Report have become a regular. Here is your open house tour for a 6.5 million dollar house in Arizona.

http://www.youtube.com/watch?v=LP659mtS8AE

Sit back with a big bowl of popcorn and a glass of chardonnay and enjoy!

San Quentin Could Become Luxury Housing?!?

From an article in at Realtor Mag/Realtor.org:

Some California lawmakers are urging the state to move the 5,300 inmates housed on prime waterfront property belonging to the San Quentin State Prison and sell the land with its stunning views of San Francisco Bay for development.

San Quentin was built originally in 1852. It houses the state’s male death-row inmates and the state’s gas chamber. The complex has 200 buildings and 90 homes for employees. The area is remote and, consequently, very secure.

Supporters of the idea envision a waterfront village with luxury condos and high-end single family homes in its place. The community would be connected to San Francisco and other parts of the bay area by a ferry.

Stephen Roulac, a real-estate consultant and member of a Marin County committee that studied the idea, estimated the property's value at $2 billion. "Selling that land would not only provide a tremendous boon to Marin County, it would also act as a stimulus to much of Northern California," he said.

Source: The Wall Street Journal, Bobby White (03/18/2009)

Even Homer and Marge Simpson are facing forclosure

In the world of not-real-news...

In this week’s new episode of The Simpsons, Homer and Marge’s adjustable-rate mortgage skyrockets and they have to put their home up for sale. The couple is in this jam because they financed their annual Mardi Gras parties using home-equity loans.

Homer explains his dilemma in a way that is pathetically close to what has happened to so many others:"It's a secret thing called a home-equity loan. I get all this cash ... and the house gets stuck with the bills!"

Later in the sad, but almost-true episode, he tells his mortgage broker: "When you gave me that money, you said I wouldn't have to repay it 'til the future. This isn't the future. It's the lousy, stinking now!"

Source: TheSimpsons.com (03/08/2009)

NYC Celebrity Newcast

What better thing to do on a Saturday than to watch a video cast from NBC New York about celebrity real estate news. Enjoy!

http://www.nbcnewyork.com/around_town/real_estate/39750147.html

Cherly Ladd's European-style home is on the market.

Cheryl Ladd, of Charlie's Angels fame, along with her husband Brian Russell have listed their European style home in Santa Ynez California for $5,795,000. This 4 br 5 ½ ba 7,000 sqft Single-Family Home is Newly Offered! Potentially Turn Key, Exquisite Yet Comfortable European Inspired Country Estate On 22 Acres With Panoramic Views Of The Entire Santa Ynez Valley. This Thoughtfully Designed And Appointed Manor Features Soaring Ceilings, Grand Spaciousness, And An Open Floor Plan Ideal For Formal Or Casual Living. Truly Exceptional!

(Source: www.Trulia.com)

The Jolie-Pitt Residence: Chateau Miraval, Provence, France

We interrupt our regularly scheduled post for some breaking news. We’re seeing rumors fly all over the web that Brad Pitt and Angelina Jolie have just bought a $60 million compound on the French Riviera. It’s not just an estate, it’s a small village.

Chateau Miraval has over 1,000 acres and its own vineyard, Miraval. Reports from the Daily Mail and E! say that the couple have been flying all over in a helicopter looking for a property, and have finally settled on something. And they’re not just “settling” for any property.

(Courtesy of : blog.luxuryproperty.com)

Richard Dreyfuss takes a loss on his San Diego pad

Even celebrities have to take a hit sometimes. Actor Richard Dreyfuss slashed the price on his pad even after spending $300K in upgrades, in addition to the existing Juliet balcony and stone reflection pool. Dreyfuss sold it for $1.03M after buying it for $1.25M just 2 years ago.

(Courtesy of www.Trulia.com)

Britney Spears daddy slashes price on estate...

Sometimes you just have to pass news along...

Although Britney Spears has regained her pop-star status, it's not helping the sale of her home. Her Italian Renaissance inspired pad boasts artisan quality finishes and old world craftsmanship encompassing a wet bar and maids quarters. After multiple re-listings, her daddy has reduced the price from $7.9M to $7.2M.
(Courtesy of www.trulia.com)