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Expensive Mansions That No One Wants to Buy

Posted by Bill Rippel on February 17, 2023 - 1:33am


34. Mel Gibson’s Home – Malibu, California

On the Market Since: 2010
Total Area: 6,500 square feet 
Initial Value: $14.5 million*

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.

By November of 2011, the price continued to fall to $11.8 million, marking a whopping $1 million drop in eight months. Gibson removed it from the market until 2019 when he put it back up for the original $14.5 million asking price. Gibson first bought the mansion in 2008 from David Duchovny and Tea Leoni, an actor who has starred in shows like Fox’s The X-Files. It’s likely that high property taxes are to blame for the lack of sale.

Otto Knotzer Thanks for sharing
February 17, 2023 at 7:02am