May 17, 2008
Actress Sharon Stone slashes the asking price of her house on 4.85 acres in Beverly Hills, CA — again — from $10.495M to $10M
In a Big Time Listings exclusive, we can report on the 50-year-old Stone’s latest asking price for the house, which is at 2201 N. Beverly Drive. The multiple listing service shows that a new price was placed on the house on Wednesday.
The Sharon Stone saga seems to be never-ending. The house on Beverly Drive is one that she purchased in early 2006 (back before we started blogging) for $10,995,000, never moved into, and then promptly put right back on the market in mid-2006 for $12,500,000 (Stone long has owned and occupied the 7,789-square-foot house nearby, at 1338 Dawnridge Drive). The various incarnations of the house’s asking price have been written about ad infinitum by our peers, but never, for whatever reason, much by us. (We only briefly referenced Stone’s original listing back on January 4, when discussing another house in the area.)
Let’s (try to) walk through the Stone chronology — apologies if we miss any points on this lengthy timeline:
–February 2006: Stone’s Vanguard Trust pays $10,995,000 for the house on Beverly Drive.
–April 16, 2006: The Los Angeles Times’ Ruth Ryon writes a column item about Stone’s $10,995,000 purchase of the Beverly Drive house.
–July 30, 2006: Ryon writes a column item about Stone turning right around and placing the Beverly Drive house on the market for $12,500,000.
–Spring 2007: Stone takes the Beverly Drive house off the market.
–June 17, 2007, Our friends over at the Real Estalker break the news that the Beverly Drive house has been chopped to a listing price of $11,500,000.
–October 26, 2007: Our friends over at the Real Estalker report on Stone having reduced the Beverly Drive mansion’s asking price to $10,495,000 — yes, below her original purchase price.
–April 26, 2008: Our friends over at the Real Estalker break the story that Stone now is offering to lease the Beverly Drive house for $58,000 a month.
–May 14, 2008: Stone’s Beverly Drive house comes on the MLS for $10,000,000.
Built in 1991, the seven-bedroom house that Stone is trying to sell has eight baths, an open floor plan, and a lagoon pool and a tennis court with a viewing pavilion, according to public records and listing information. The house also has a two-bedroom guest house with a gym and a media room, according to listing information.
Check out an online listing sheet for the house that Stone is selling — complete with photos — here.
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Filed under Celebrity Homes, Hollywood Stars by Bob Goldsborough
Comments on Actress Sharon Stone slashes the asking price of her house on 4.85 acres in Beverly Hills, CA — again — from $10.495M to $10M »
Hey you don’t think Stone was trying to make some dough by “flipping” the house, do you? I would hate to think a beautiful woman could be a detestable house flipper. But horror upon horro, if she is, she is getting her very just deserts.
Again Zillow estimates the value to be around 4.5 million. Just 5.5 million off the asking price. Hey, but maybe if Ms. Stone followed the example of Danny De Vito and added 25 million for its being a movie star house, she could ask at least 29.5 million. Course she’d have to move into the house and live there for a few months so that actor feet would have trod on the floors before the buyer’s. THEN, add 25 million to the asking price and see what happens.
I just read a post about a guy on real estate stalker
He was complaining that he could not buy a home because the bank thought it was over priced
if that is true then it looks like Sharon needs to lower here price to 4.5MM sell it and sue the original owner for the difference so that she can break even.
Banks from what I hear are not even taking appraisers at their word anymore.
I’m glad to see her struggling to sell this house. You buy the house for $10+ million and a few months later put it back on the market for $12+ million? Who does she think people are, stupid or something? The house is overpriced, as are many homes in Bev Hills. It’s time to slash slash slash and stop being so greedy. I highly doubt she could sell this property for $25 million if it was listed as a ‘movie star house’.
Finally, some damn sweet justice, all around.
All the key players are getting their comeuppance.
From the arrogant, greedy Realtors agreeing to this rip-off scheme, to the diva actress with dubious parenting skills (http://thesuperficial.com/2006/04/sharon_stone_is_the_best_mom_e.html).
The only winner was the former owner, an architect(!), who got top dollar unloading this albatross.
[...] Und nun ist sie im Preis inzwischen auf 10 Millionen runtergegangen. Hier gehts zur Besichtigung: FOTOS [...]
[...] 2006. And it has been on and off the market since that summer. According to the time line over at Big Time, this is the third price drop — but not actually the one that brought it below her purchase [...]
The Home is Amazing i’ve seen the photos of propriety, it’s really Fantastic!
IMHO it’s not an excessive price, we’r talking about a very massive builing, in one of the most elegant street of BH!!
[...] Stone’s Basic Instincts Don’t Include Savvy Real Estate Investing Actress Sharon Stone reportedly bought her prestigious California estate on Beverly Drive in 2006 for $11 million. Soon after buying the house she’s never lived in, she slapped it with a $12.5 million list price. The home, once occupied by architect Joseph Ambrose, has languished on and off the market, taking substantial price hits ever since. Stone recently dropped the listing price to $10 million and rumor has it that she’s also extended an invitation to renters who can swallow the $58,000 per month lease price. [...]
Zillow is not The Bible!!!
they estimated Silvester Stallone’s Home in Beverly Park, less of 5$Million
[...] nomination for the future endless-celebrity-listing would have to be actress Sharon Stone’s current $10 million listing of her 6,640-square-foot (or 9,000-square-foot, according to public records) mansion at 2201 N. [...]
Sharon Stone sounds wishy washy .
At her age , I promise she’s
has no clue what she wants .
Many celebs homes are Overpriced / Overrated
I seen homes prettier than the celebs , and
much cheaper.
why can’t the celebs donate a home to families
who can afford it ????
Help others. Or if they want to donate cash
to families , where they can pay there homes off in full.