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Expensive Mega-Mansions Owned By The Rich & Famous That Are Nearly Worthless Today

Posted by Bill Rippel on May 20, 2021 - 1:09am

10. Joey Lawrence’s Mansion – Encino, California

On the Market Since: 2010
Total Area: 8,100 square feet 
Initial Value: $3.2 million*

Former Blossom actor Joey Lawrence bought a Spanish estate in Encino, California back nearly two decades ago, and he has remained trapped there ever since. He first listed the home for $3.2 million in 2010, but it didn’t sell. The home had six bedrooms and nine and a half bathrooms, along with multiple saunas, a movie theater, and a master suite.

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.

Though Lawrence hasn’t had luck selling the place (yet), he won’t be taking a loss, even if he sells it at the current price. The Melissa and Joey star bought the place for a little under $2 million. Lawrence has had a tough 2020, with Fox reporting that he and his wife are estranged after nearly a decade and a half of marriage. 

Corneliu Boghian Thank you for posting
May 22, 2021 at 5:38am
Caleb Mpamei He should put it to good use of the place for the sale takes place!
May 20, 2021 at 8:52am
Simon Keighley The home sounds fabulous - it will be interesting to see if it sells at this discounted price, Bill - thanks for sharing.
May 20, 2021 at 7:34am