With her life in turmoil back in 2007—a divorce from Kevin Federline, an odd hair style, and repeat stints in rehab—pop princess Britney Spears looked to unload some of her prime properties. This Malibu, Calif. spread was first listed back then for $13.5M, but found no takers until Hollywood director Stephen Sommers came along with $10M in cash. Now Sommers is trying to turn a profit on his investment, even though property values have dropped almost 15% in Malbu since his purchase. The eight-bedroom, eight-bath mansion on 1.5 acres is for sale for almost $16M. Will the celeb connection be enough to justify the premium?
· Britney Spears’ Former Malibu Home Listed for $15.95M [Zillow Blog]
· 3200 Retreat Court, Malibu CA 90265 [Trulia]