Zsa Zsa Gabor's mansion really for sale, at much lower price

Her husband had wanted $28 million, but the listing price of the Los Angeles estate — 'waiting for you to remodel it' — is $15 million.

By Teresa at MSN Real Estate Jun 10, 2011 12:35PM

Zsa Zsa Gabor's house: Courtesy MSN Real EstateBack in January, Zsa Zsa Gabor's husband said the 94-year-old star wanted to sell her Bel-Air mansion and use the proceeds to pay for medical bills. The asking price for the 6,393-square-foot Los Angeles estate was $28 million.

This week, the property really did go on the market, listed by a real-estate agent who must have sat Frederic Prinz von Anhalt down for "the talk" about realistic pricing: The home is listed for $15 million.

 

The house, built in 1955, has four bedrooms and five baths on 1.5 acres. Like many homes owned by older people, it seems to be a bit of a fixer-upper.

 

"A terrific floor plan and exceptional character, this home is waiting for you to remodel it," the listing reads.

 

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The Hollywood French Regency-style mansion has views of downtown Los Angeles and the Pacific Ocean, plus a pool.

 

"I just want to settle my wife's debts and keep her comfortable," von Anhalt told The Los Angeles Times in January, when he gave reporters a tour of the home. "The upkeep alone per month on the house is $35,000. It gives me a big headache, and I cannot afford to keep paying it."

Gabor is in poor health and bedridden after a stroke, liver and lung problems and the amputation of a leg.

 

She says she bought the home in the 1970s from Howard Hughes and that Elvis Presley once lived there.

But Los Angeles mortgage banker Barbara Yobs told the L.A. Weekly that her grandparents, John and Gladys Zurlo, built the house and sold it to Gabor in 1973, for $250,000.

 

Hughes did rent the place in the 1960s, she said, wearing a hole in a hallway carpet with his pacing. Elvis was never a tenant.

Tags: celebrity
 
9Comments
Jun 11, 2011 9:36AM
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Jesus Is real- He is the Only true fairy tale and I hope Zsa Zsa has found this out, if not, she will..

God bless Zsa Zsa.

Jun 11, 2011 9:25AM
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This is off topic, but Not-a-drunk-driver...your post is not relevant to the issue at hand. And I must correct you since you seem to be misinformed--There is definitely a God. Jesus lives, He still reigns, and He is coming back again. Have a nice day!
Jun 11, 2011 9:25AM
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kbachkbecky, the sad fact is they lost all of their money in the Bernie Madoff scandal :(

Jun 11, 2011 9:08AM
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God Bless Zsa Zsa & Frederic Anhalt. With regards to the home, it's definetly a relic from another era and the listed price of $15m and having only 4 bedrooms and being built in 1955 on 1.5 acres,is clearly unrealistic considering the cost of remodeling and as well as the upkeep he mentioned as being 35K a month. For someone to pay $420K a year to upkeep that particular home they would have to be truly foolish afterall when you start comparing it to other celebrity homes ... you can clearly get more home for your dollar for $15m. 
Jun 11, 2011 9:00AM
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I think is a sad commentary that Zsa Zsa's husband who is a prince and has had numerous affairs while married to Zsa Zsa is now so hard up that he has to sell

her belongings because he won't be able to live off her for long. What will he do

once she passes?  She has lived a wonderful full life and now it's time for her to let

go and I pray she may suffer no more.  As for him well that I think goes without saying.Sarcastic

Jun 11, 2011 8:59AM
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Elizabeth Taylor's house is more reasonable at $8 million. This house is well overpriced for the vast remodeling that is going to have to take place. I hope her husband isn't thinking selfishly of  himself than for his wife Zsa Zsa.
Jun 11, 2011 8:57AM
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Originally purchased for 250,000 in 1973 works out to 1.3 million roughly in todays dollars.

 

According to Robert Shiller, the real return on housing between 1890 and 2004 was a very modest 0.4% a year.

 

So even with compounding this wouldnt this work out to 1.4 million? I have trouble with math :P

Jun 11, 2011 8:56AM
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So sad that Zsa Zsa is so ill and her poor, stressed out husband is being put through more stress...What is even more sick is that our wonderful healthcare is so expensive, even iconic stars have to sell their beloved items to pay for it. :(
Jun 11, 2011 8:39AM
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$ !5 Million. Definitely cannot afford it. When the listing price goes down to $ 200 K, I may consider buying. Anyhow, wish Zsa Zsa Gabor the best of luck in selling in todays market.
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