The Altman Brothers Team at Douglas Elliman Real Estate
The main house on the 14-acre property.
- A Beverly Hills mansion previously owned by Hollywood names such as Cher and Eddie Murphy is now up for sale, according to recent reporting from Robb Report.
- While the compound was listed two years ago for $85 million, the property is now listed for $48 million.
- The property includes a main house, a guest house, stables, a pool, and a private tennis court.
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Cher's mansion is back on the market - this time with a hefty price chop.
According to Robb Report, Cher lived in the home for over a decade before selling the house to comedian Eddie Murphy in the late 1980s. The 11-bedroom, 17-bathroom estate joins other celebrity homes on the market, including Bruce Willis' Turks and Caicos estate and a Beverly Hills estate previously owned by Jennifer Aniston and Brad Pitt. The property - listed for $85 million two years ago - is now listed for $48 million, just one example of drastic real estate discounts in the past year.
While some celebrity homes do sell, such as Serena William's 6-bedroom home, many mansions - like Michael Jackson's Neverland Ranch - continue to sit on the market despite hefty price cuts. Rapper 50 Cent's mansion sat on the market for a decade before selling this April. Previous reporting from Business Insider's Lina Batarags shows that customized houses can be hard to sell, as they include extremely personalized features that do not appeal to every buyer.
Keep reading for a look inside the 14-acre property.