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.
Back 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.
Post continues below
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 |
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.
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
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.
msn real estate is social
