The 2.6 acres property of Mel Gibson in Malibu, California, one of his highly priced property is on the market. Earlier this year the house is for sale at $14.5 million, but now is just $12.75 million.
You'd think that this new low price might lead to a sale but in Greenwich, as the NY Times reports, nothing is certain anymore. Greenwich has been home to some of the biggest price drops in the history of residential real estate including the top spot in our recent list of big price cuts, Leona Helmsley's Dunnellen Hall which has dropped in price by $50 million since it first hit the market. One person who seems to have sold in the area is Regis Philbin. His Greenwich home listing has disappeared.
According to Trulia real estate, the property has been on the market for a few months. It's also the place where Gibson reportedly fought with ex-girlfriend Oksana Grigorieva.
The property features the following:
- Garden Cabana
- Library
- 3 guest house
- lighted tennis court
- detached gym
- fruit orchards
- staff houses
- circular driveway
The property covers 16,000 square feet
Seller: Mel Gibson
Address: Malibu, California
Price Tag: $13,000,000
Size: Big
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