- Oprah Winfrey slashes the price of her 3-bedroom Chicago condo from $5.6 million to $2.8 million.
- Leonardo DiCaprio puts his 4-bedroom Malibu home up for rent. Only $75,000 per month!
- The Hunger Games star Josh Hutcherson picks up his first Hollywood Hills home, previously owned by Ellen DeGeneres and Heath Ledger.
These real estate deals show that even the cream of the Hollywood crop needs to find ways to make their property work for them in this economy. Read up, and eat your heart out!
Oprah looks to make a deal
In 2006, Oprah Winfrey purchased a stunning 4,600 square-foot condo on E. Lakeshore Drive in Chicago for $5.6 million. In this housing market, even Oprah can’t get everything she wants. The place is now listed for just $2.8 million.
The worst part about it is that Oprah has never even lived in this plush condo. She tried to rent it after 2008 for $15,000 a month, but had little success there. Proof that the economic slump affected even the rich and famous!
Leo enters white-hot Malibu rental market
Malibu has long been a lovely beach community for the rich and famous, with beach and cliffside homes overlooking the breathtaking Pacific Ocean.
Leonardo DiCaprio owns two homes in the area. One oceanfront property could be yours for the low, low monthly price of $75k per month. Be ready to make a commitment though, if you want it at that price; for leases shorter than a year, monthly rent jumps to $115k.
DiCaprio’s property sits on half an acre of land with full beach access. In addition to the recently-renovated 4-bedroom house, a detached guest house has two additional bedrooms. Even a Tampa real estate lawyer can tell you the Malibu rental market is hotter than ever.
Rising star Josh Hutcherson makes big real estate purchase
The 19-year-old star who played Peeta in The Hunger Games has picked up a historical Hollywood home listed for just under $3 million. No stranger to Hollywood, Josh Hutcherson had significant roles in The Kids are Alright, Journey to the Center of the Earth and Bridge to Terabithia.
With the contract signed and ink dried for two more installments of the The Hunger Games movies, Hutcherson decided it was prudent to buy some prime real estate. His choice is rife with history, with previous ownership by Ellen DeGeneres and Health Ledger.
Built in the Hollywood heyday of 1951, the home has only two bedrooms and is just 1,861 square feet, but it sits on a stunningly gorgeous plot of land with more than 2,000 feet of decks hidden by spreading trees. With more outdoor than indoor living space, it is perfect for barbecues, cocktail parties and outdoor dining.
While you may not have the real estate needs of these hotshot celebrities, if you’re considering renting, buying or selling your property, you could use the assistance of a qualified real estate attorney. Get in touch and set up a consultation today!