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Expensive Mansions That No One Wants to Buy

Posted by Bill Rippel on February 26, 2023 - 1:27am

43. Rachel Ray’s Mansion – Southampton, New York

On the Market Since: 2017
Total Area: 3,000
Initial Value: $3.5 million*

TV chef Rachel Ray put her Southampton New York home on the market back in 2017, but her hopes of a quick sale were dashed. Although the beautiful property was certainly worth the asking price of $4.9 million, Ray didn’t get it.

It took her three whole years to finally find a buyer, but she never got the number that she wanted. Ray sold the three bedroom, five bath property for $3.25 million in mid 2020, so it was a far cry from her original asking price. On the bright side, at least it sold!