Michael Jackson died sells for $18.1 million... $20 million
It was originally listed in 2008 for a whopping $38.5 million.
And four years later, the French Chateau-style mansion where Michael Jackson met his end has been finally sold for $18.1 million.
Sold! The French Chateau-style mansion where Michael Jackson met his end has been finally sold for $18.1 million
According to the LA Times, the buyer was Steven Mayer, a senior managing director for Cerberus Capital Management, and the seller was Hubert Guez, the chief executive of designer clothing label Ed Hardy.
Mauricio Umansky of the Agency in Beverly Hills handled both sides of the transaction.
The 17,000-square-foot property, designed by Richard Landry and built in 2002, boasts a theater, elevator, gym, pool, wine cellar, and a stunning guest house.
Spooky landmark: The Bel Air home was originally listed in 2008 for a whopping $38.5 million
Major transaction: The buyer was reportedly Steven Mayer, a senior managing director for Cerberus Capital Management, and the seller was Hubert Guez, the chief executive of designer clothing label Ed Hardy
Amenities: The 17,000-square-foot property, designed by Richard Landry and built in 2002, boasts a theater, elevator, gym, pool, wine cellar, and a stunning guest house
Concert promoter AEG leased the Holmby Hills property for $100,000 a month for Jackson, who overdosed on Propofol in one of the home's seven bedrooms back in June 2009.
The 50-year-old king of pop had spent six months in the 1.3-acre mansion while rehearsing for his This Is It concert at the Staples Centre in downtown Los Angeles.
He had been living there with his three children, Prince Michael, 15, Paris, 14, and Blanket, 10.
Haunted? Concert promoter AEG leased the Holmby Hills property for $100,000 a month for Jackson, who overdosed on Propofol in one of the home's seven bedrooms back in June 2009
Final digs: The 50-year-old king of pop had spent six months in the 1.3-acre mansion while rehearsing for his This Is It concert at the Staples Centre in downtown Los Angeles
Memories: Jackson had been living there with his three children, Prince Michael, 15, Paris, 14, and Blanket, 10
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