50 Cent (Curtis Jackson)
Was $18.5 million
Now $10.9 million
Price cut: $7.6 million
Rapper 50 Cent thought he had a steal when he bought Mike Tyson’s former home in Farmington, Connecticut, which he purchased from Tyson’s ex-wife for just $4.1 million (She originally wanted $25 million). 50 Cent spent $6 million on renovations and has been trying to sell the home since 2007, listing the property for $18.5 million. Earlier this year, he settled a lawsuit against an engineering firm that he hired to inspect the 52-room home before he bought it, claiming they underestimated the cost of the repairs needed. At that point, the mansion, which was then listed at $14.5 million, was pulled off the market; it’s now for sale again for $10.9 million.
Alex Rodriguez
Was $14.876 million
Now: $9.999 million
Price cut: $4.877 million
After cutting the price, New York Yankees baseball player Alex Rodriguez sold his New York City apartment (pictured) but his Coral Gables, Florida home remains on the market. The price has dropped from $14.876 million all the way down to $9.999 million for the waterfront mansion far under the $12 million he paid for the property in 2005.
Dylan McDermott
Was: $11 million
Now: $6.9 million
Price cut: $4.1 million
Actor Dylan McDermott purchased his home in the Brentwood area of Los Angeles back in 1999 from Melanie Griffith and Antonio Banderas for $3.94 million and they had bought it in 1997 from Michelle Pfeiffer and David E. Kelly (the creator of “The Practice” and other shows). The 1920 Spanish style hacienda in Brentwood has four bedrooms, a two-story vaulted living room with a carved balcony, a den, and the “magical muse room.” The small lot has a pool/spa area that overlooks the Riviera hills, a courtyard and fountain, and a beautiful 250-year-old oak tree, It was first listed at $11 million last August
