Celebrities--they're just like us! Living at the mercy of the real estate market, subject to the whims of the Kuznet cycle, only at a higher plateau. Seal and Heidi Klum bought a foreclosed home at an auction for $14.9 million back in December of 2010. Now they're listing their Beverly Hills home for sale for only $6.9 million per Realtor.com. What's it like to live like they do? We civilians are not allowed inside but we can get a peek at the grounds...
The manse that just went for sale has boasts wood-paneled library, a glass-enclosed wine vault, French doors, and a "grand loggia."
We have never seen a grand loggia but we suspect it is a high falutin' word for a "grand lodge." Does that help? Didn't think so. Even with all these accoutrements, the house is still being offered at a loss:
The couple's Beverly Hills mansion, described in listing information as a "21st century Loire Valley Chateau," arrived on the open market this week with an asking price of $6,900,000. That's a vast sum of money by any standard but, according to property records and Your Mama's bejeweled abacus, it's also a significant $700,000 less than the $7,600,000 they paid for the 4.05 acre estate in December 2005.
And Realtor.com offers this description:
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This beautiful 6,794-square foot twice gated Loire Valley Chateau on 4.04 acres boasts architectural elements of French Impressionism and European appeal. A wood paneled library/study and glass enclosed wine vault are just a few of the luxe amenities in this Villa. Canyon Views, large walk-in closets, an upstairs private stone terrace, French doors that open to the grand loggia and a tennis court are also included. There is also a two car garage, a swimming pool and a beautifully landscaped lawn.
The privilege of gazing upon pictures of these hallowed grounds is almost enough to make you forget the pains of being swept up in the aftermath of the Securities Modernization Act and repeal of Glass-Steagall, isn't it? Almost.
What do you think--is the house worth what they're asking? How much would YOU pay for it?