'Idol' finalists share $12 million 'party pad'

Singers will spend the duration of the series in a 15,000-square-foot home with spectacular views near Beverly Hills.

By Teresa at MSN Real Estate Mar 17, 2011 9:29AM

We'd all like to sing as well as the finalists on "American Idol," or at least like most of them.

 

Maybe we'd like to live like them as well. For the duration of the season, the finalists have been ensconced in a nine-bedroom, nine-bath mansion on the edge of Beverly Hills, Calif.

The two-acre property has fabulous mountain and canyon views and is on the market for $12 million. TMZ reports that the rent is $100,000 a month. Zillow's new rent-estimating tool suggests the market rent would be closer to $10,000, though that may be low for a 15,000-square-foot party pad, even without the TV exposure.

 

The house is getting a lot of air time. It was featured on Bravo's "Million Dollar Listing," though Julia at Hooked on Houses can see why the client didn't like it. "It looks way too big for a single family to live in comfortably, but it’s probably perfect for the AI kids to crash in for a while," she wrote.

 

She doesn't like the beds on raised platforms -- we hope none of the contestants falls off if they get up half-asleep in the middle of the night -- but she does like the canyon, lake and mountain views.

 

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The mansion's website says it was also featured on VH1's "The Ultimate Catch."

According to the real-estate listing, the estate is a "private, gated, one-of-a-kind, two-story Tuscan compound." The second floor has two master suites, and we don't know which "Idol" contestants got those. The estate has a four-car garage, six-car carport and parking space for 100 cars. There is also a waterfall and a koi pond.

 

The listing on Trulia seems to indicate the property has been on the market awhile. Neighborhood properties have sold for $5.2 million to $17.5 million, though the homes at the lower end were much smaller.

Moving Mansions compares the Beverly Hills property with a $12 million house of a different style in Los Angeles' Holmby Hills neighborhood. Here's the description of the "Idol" mansion: "a state-of-the-art party palace with lavishness abounding, offering the seclusion of being in the hills."

 

What do you think? If you had a spare $12 million, would this be your dream home? Or is it better suited for TV shows?

Tags: celebrity
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About Teresa Mears

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.

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