Mansions Owned By Rich And Famous People That Are Basically Worthless Now

Mel Gibson's Home Malibu, California

Usually, high property taxes or overvaluation are to blame, but there is no doubt that it is frustrating for celebrities who want to offload unused properties. Read on to see the most expensive mansions that almost no one wants to buy.

Speculation is high that Prince Harry himself is keen to purchase Mel Gibson's five-bedroom, five-bathroom, French country Malibu home but so far this pricey mansion remains unsold more than a decade after Gibson listed it. He first listed it for $14.5 million in 2010. One year later he dropped the price to $12.8 million.

Gibson first bought the mansion in 2008 from David Duchovny and Tea Leoni, an actor who has starred in shows like Fox'sThe X-Files. Gibson then took the ocean-view estate and gave it his own personal touch, highlighting some of the estate's 'Old World' characteristics. It's likely that high property taxes are to blame for the lack of sale.

• Name: Mel Gibson
• Gender: male
• Age: 65
• Height: 5'9" (1.77m)
• Birthday: January 3rd, 1956
• Net worth: $425,000,000
• Nationality: us
• Occupation: Actor, Screenwriter, Film Director, Film Producer, Television Producer, Television Director, Voice Actor

Kurt Russell And Goldie Hawn's Beach Mansion Malibu, California

Listed In: 2011Size: 4,195 square feetAsking Price: $14.8 million*

The house, which is Balinese-inspired and located on Broad Beach, went on the market in 2011 for $14.8 million. For nearly three decades before that, the Hollywood couple had been renting it for $95,000 a month. Though renting was profitable, they had trouble selling the beachy retreat.

• Name: Kurt Russell
• Gender: male
• Age: 70
• Height: 5'10" (1.8m)
• Birthday: March 17th, 1951
• Net worth: $100,000,000
• Nationality: us
• Occupation: Actor, Screenwriter, Voice Actor, Film Producer

50 Cent's Connecticut Mansion Farmington, Connecticut

Listed In: 2007Size: 50,000 square feetAsking Price: $18.5 million*

The Shady Records rapper originally bought the property from boxer Mike Tyson in 2003 for $4.1 million. Four years later, he listed it for $18.5 million. Real estate broker Dolly Lenz told Realtor.com her theory of why the house didn't sell, stating that it was priced far too high.

• Name: 50 Cent
• Gender: male
• Age: 45
• Height: 6'0" (1.83m)
• Birthday: July 6th, 1975
• Net worth: $30,000,000
• Nationality: us
• Occupation: Businessperson, Actor, Investor, Film Producer, Rapper, Screenwriter, Entrepreneur, Songwriter

Faith Hill And Tim McGraw's Mansion Tennessee

Listed In: 2013Size: 22,460 square feet (753 acres)Asking Price: $20 million*

The home sat on a large piece of landover 750 acres! It also had a dozen-stall barn on the property. It has been on the market, along with another one of their homes, since 2013. Leiper's Fork initially went on the market for $20 million, though the country couple has had to drop the price a few times.

• Name: Faith Hill
• Gender: female
• Age: 53
• Height: 5'9" (1.77m)
• Birthday: September 21st, 1967
• Net worth: $165,000,000
• Nationality: us
• Occupation: Singer, Actor, Record Producer, Artist, Singer Songwriter, Musician, Music Artist

Tommy Hilfiger's Mansion Greenwich, Connecticut

Listed In: 2020Size: 13,344 square feetAsking Price: $48 million*

Hilfiger's castle was originally called Chateau Paterno, and it was built for Charles Paterno in 1939. The real estate magnate hired Greville Rickard, a superstar graduate from Yale to build it. Twenty years later, Joseph Hirshhorn, an art collector, bought the property and used it to house 6,000 19th- and 20th-century sculptures and paintings.

• Name: Tommy Hilfiger
• Gender: male
• Age: 69
• Birthday: March 24th, 1951
• Net worth: $450,000,000
• Nationality: us
• Occupation: Businessperson, Fashion Designer, Designer

Michael Jordan's Chicago Estate Chicago, Illinois

Listed In: 2012Size: 56,000 square feetAsking Price: $29 million*

The Nike'spokesman and former NBA star even tried to sweeten the deal by throwing in a pair of rare, vintage Air Jordans with the house. So, what's the problem? Chicago Mag says that the asking price is too high, even for such a large property. No one wants to buy a mansion that will depreciate in value.

• Name: Michael Jordan
• Gender: male
• Age: 58
• Height: 6'5" (1.98m)
• Birthday: February 17th, 1963
• Net worth: $2,200,000,000
• Nationality: us
• Occupation: Basketball Player, Athlete, Spokesperson, Entrepreneur, Actor

Jennifer Lopez's Mansion Los Angeles, California

Listed In: 2015Size: 17,129 square feetAsking Price: $17 million*

Despite all this luxury, Lopez had trouble selling the place. She had to drop the price down $4.5 million, listing it for $12.5 million. Lopez also has residences in New York, Miami, and Bel Airbut those, she's planning to keep.

• Name: Jennifer Lopez
• Gender: female
• Age: 51
• Height: 5'4" (1.64m)
• Birthday: July 24th, 1969
• Net worth: $400,000,000
• Nationality: us
• Occupation: Singer, Record Producer, Television Producer, Entrepreneur, Actor, Songwriter, Music Video Director, Presenter, Dancer, Fashion Designer

Sylvester Stallone's California Estate La Quinta, California

Listed In: 2014Size: 5,000 square feetAsking Price: $4.5 million*

Stallone had the property commissioned himself in 2008. He was heavily-involved with the designing, and RobbReport reported that it was 'likely influenced' by the movie star's 'Italian ancestry.' The MGM'star's home includes coved ceilings, hardwood floors, arched entryways, and, of course, a dedicated wine room and large eat-in kitchen to accompany a formal dining room.

• Name: Sylvester Stallone
• Gender: male
• Age: 74
• Height: 5'9" (1.77m)
• Birthday: July 6th, 1946
• Net worth: $400,000,000
• Nationality: us
• Occupation: Screenwriter, Actor, Film Director, Television Producer, Film Producer, Voice Actor

Ellen DeGeneres' Mansion Los Angeles, CA

Listed In: 2014Size: 4,158 square feetAsking Price: $8 million*

DeGeneres listed the property for $8 million, and the price kept dropping until it was $5.85 million, the same as what she bought it for. The apartment is located in an LA high-rise, and Homes.com described it as 'ultra-swanky.'

• Name: Ellen DeGeneres
• Gender: female
• Age: 63
• Height: 5'7" (1.71m)
• Birthday: January 26th, 1958
• Net worth: $500,000,000
• Nationality: us
• Occupation: Comedian, Actor, Voice Actor, Television Producer, Screenwriter, Television Presenter, Film Producer

Joey Lawrence's Mansion Encino, California

Listed In: 2010Size: 8,100 square feetAsking Price: $3.2 million*

Lawrence kept dropping the price down to $2.3 million. Though he purchased it for $1.2 million 1994, a $900,000 price cut is a lot. He put it back on the market in 2016 for $2.249 million, hoping for a change in luck.

• Name: Joey Lawrence
• Gender: male
• Age: 44
• Height: 5'8" (1.73m)
• Birthday: April 20th, 1976
• Net worth: $250,000
• Nationality: us
• Occupation: Actor, Presenter, Television Producer, Voice Actor, Record Producer, Singer Songwriter

Matt Lauer's Waterfront Estate The Hamptons, New York

Listed In: 2019Size: 19,000 square feetAsking Price: $44.8 million*

The former NBC'host is asking for $44.8 million for the property. The locale is picturesque, with a private beach, pond with a bridge, deepwater dock, island-inspired tea house, and two guest cottages, in addition to the main home. The home has six bedrooms and seven bathrooms, as well as a huge screened-in porch.

• Name: Matt Lauer
• Gender: male
• Age: 63
• Height: 5'10" (1.8m)
• Birthday: December 30th, 1957
• Net worth: $80,000,000
• Nationality: us
• Occupation: Journalist, Tv Journalist, Presenter, Actor, Newscaster

Steve Cohen's Penthouse New York City, New York

Listed In: 2013Size: 9,000 square feetAsking Price: $115 million*

As time has gone on, the price has dropped, first to $98 million and now to $57.5 million, a 50% cut. The penthouse has an art gallery, as Cohen is a serious art collector (though only some of his collection is housed in the Manhattan penthouse). His collection, for which he is notorious for overpaying, is worth $1 billion. The penthouse also has five bedrooms and six bathrooms.

Alan Wilzig's Townhouse New York City, New York

Listed In: 2014Size: 6,500 square feetAsking Price: $44 million*

Wilzig put his Tribeca townhouse on the market in 2014 for $44 million. The townhouse, which has become far more toned-down and mellow in appearance over the years, had trouble selling. Wilzig had to drop the price down to $18.75 million in October of 2018 in the hopes of hooking a buyer.

Forge Mansion Womelsdorf, Pennsylvania

Listed In:1994Size: 7,800 square feetAsking Price: $825,000*

The property operated as a forge until 1800. After that, it became a farmhouse and, in 1925, it was a Catholic boys' summer camp. It was abandoned in the late 1970s, and it has struggled to find a buyer ever since. While Realtor.com calls it 'charming' and 'historic,' some Facebook'sleuths allege it might be haunted by a ghost. Clearly the ghostly stories are enough to decay the market value.

The Halston Penthouse Manhattan, New York

Listed In: 2011Size: 2,767 square feetAsking Price: $38 million*

The home went on the market in 2011 for $38 million. Since then, the price has dropped to $24 million (and counting). Halston, a designer who was worth $21 million, was known for his clean, minimalist designs. His company was later bought by Revlon'. You can see his minimalist, chic taste in the design of his penthouse.

Mediterannean Mansion Beverly Hills, California

Listed In: 2014Size: 43,000 square feetAsking Price: $129 million*

It's amazing that no celebrity or MGM'exec has scooped the property up yet. The Palazzo di Amore has a reflecting pool, garden, waterfall, and entertainment complex, among other amenities. It was listed on the market in 2017, and the price has been reduced several times.

The Aiken Estate Savannah, Georgia

Listed In: 2015Size: 3,936 square feetAsking Price: $1.253 million*

The home was owned by William and Anna Aiken. They were not a happy couple, in part because Anna was a socialite who loved spending money, and William suffered from mental illness. Anna was always trying to have William institutionalized, to the point where William would tell people to 'ask [his] lawyer' if they asked him how he was.

Granot Loma Lake Superior, Michigan

Listed In: 2017Size: 26,000 square feetAsking Price: $40 million*

Granot Loma doesn't have any specific meaning. Instead, it is a random mashup of letters from the names of the builder's three kids and his wife. The initial developer hired twenty-two architects to design Granot Loma, and he had pine logs shipped by train from Oregon to Marquette. The lodge was abandoned after the 1950s.

Neverland Ranch

Listed In: 2015Size: 12,000 square feetAsking Price: $100 million*

As most pop culture fans already know, this estate was famously owned by Motown Records'superstar Michael Jackson. After his death, however, the property fell into disrepair. It was partially restored in 2015, though by then the amusement rides and animals had been removed from the property.Once valued at more than $100 million it currently sits on the market, unsold, for $31 million.

Stone Walled Estate Alpine, New Jersey

Listed In: 2010Size: 30,000 square feetAsking Price: $60 million*

Having said that, the Stone-Wall Mansion offers tons of amenities. It was originally built for Henry Clay Frick II, a steel magnate who founded what would later become US Steel'. The house has a wine cellar, eleven-car garage, home theater, and a stone wall surrounding the property. The house itself is 30,000 square feet.

Golden Gate Glamour San Francisco, California

Listed In: 2017Size: 16,000 square feetAsking Price: $29.5 million*

The home has been on the market for nearly two years. The palatial property measures 16,000 square feet and has eleven bathrooms, seven bedrooms, and elevator access to all of the rooms and the rooftop deck.

Denise Richards' Mansion Calabasas, CA

Listed In: 2015Size: 8,500square feetAsking Price: $7.749 million

Denise Richards is well known today for being a part of the tumultuous cast of women in The Real Housewives of Beverly Hills'. Her Mansion in Hidden Hills, California has been on the market for over 10 years as she moved to Beverly Hills to be closer to the filming of the show.

• Name: Denise Richards
• Gender: female
• Age: 50
• Height: 5'6" (1.68m)
• Birthday: February 17th, 1971
• Net worth: $12,000,000
• Nationality: us
• Occupation: Actor, Model, Television Producer

SK Pierce Mansion Gardner, Massachusetts

Listed In: 2016Size: 6,700 square feetAsking Price: $329,000*

Even though the house hasn't sold, there is no denying its visitor appeal. It has a 4.8/5-star review on Facebook'from adventurers hoping to catch a glimpse of the paranormal (or, at least, to see a cool-looking house). The ghost adventurer community would no doubt be bummed out if the SK Pierce Mansion did sell and forever close off to the public.

8 Mile Road Mansion Northville, Michigan

Listed In: 2019Size: 4,600 square feetAsking Price: $9.9 million*

The mansion is built in a Chateau style, with a grand spiral staircase and stone fireplace. If you travel further down 8 Mile Road, you can see the home where Aftermath'superstar rapper Eminem grew up and likely honed his earliest days as a performing artist.