At a LOSS!
Star|December 18, 2023
CELEBS' MULTIMILLION-DOLLAR PROPERTIES DON'T ALWAYS SELL AT A PROFIT. HERE'S WHO TOOK A HIT IN THE REAL ESTATE MARKET.
At a LOSS!

JENNIFER LOPEZ

When the newlywed's Bel Air estate hit the market in February, the 54-year-old was asking $42.5 million for the spread.

And no wonder: Among its amenities are a 100-seat amphitheater and a private lake with a sand beach. Still, when the property finally sold in October, the "Love Don't Cost a Thing" singer got just $34 million. Those amenities may be to blame.

"Sometimes you have somebody [where] money is no object," celeb realtor Michael Nourmand told The Hollywood Reporter about unique homes. "They don't think about the resale part of it."

TREVOR NOAH 

This isn't how flips are supposed to work! In April, the Daily Show host sold his 11,377-square-foot, Japanese-inspired Bel Air mansion for $26.4 million. 

Unfortunately for the 39-year-old, that was $3.3 million less than he'd listed the property for in October 2021 and $1.3 million less than he paid for the house when he bought it in 2020! "The first thing I learned about having money was that it gives you choices," Trevor once said. "People don't want to be rich. They want to be able to choose."

JUSTIN BIEBER

Denne historien er fra December 18, 2023-utgaven av Star.

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Denne historien er fra December 18, 2023-utgaven av Star.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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