Chris Tucker's Short Sale Situation

by Deidre Woollard (RSS feed)
Jul 29th 2010 at 1:01AM

It's been a rough year for Chris Tucker. Not only does he owe over $11 million in back taxes but the comedian is also set to lose a lot of money on his home in Monteverde, Florida. The Real Estalker reports that Tucker bought the five-bedroom home for $6 million in 2007 but he won't be getting anything near that now, it is currently listed as a short sale.

Tucker's home is on around an acre of in the gated community of Bella Collina. The community has clubhouses, a fitness center, lakes, vineyards and a golf course. His lakefront faux Mediterranean was a former "Street of Dreams" model home and has over 8,800 square feet of space spread out over two floors. The home has some unique touches including a pirate-ship-themed home theatre complete with a mast.

The master bedroom (complete with zebra print rug) has a sitting room with a morning kitchen and a bathroom with a stained glass window. The backyard includes a patio with a barbecue center, bar, outdoor fireplace, pool and spa. It is listed for $2 million.

Gallery: Chris Tucker's Florida Short Sale

Tags: celebrity real estate, celebrity short sale, chris tucker, florida real estate, short sale

Filed under: Estates, Celebrity Shopping

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Reader Comments (Page 2 of 2)

rema8 Jul 30th 2010 12:48PM

Ownership is an illusion. Ye aint' taking nothing with ya, baby!

lymfa Jul 30th 2010 1:27PM

to bad to sad sign dad

caliluvgilroy408 Jul 30th 2010 3:06PM

bet you now he is wishing he did the friday #2 movie ...how dare him think he was to good to be in a movie about weed after he got his fame! karma i hate her too!!

Dkoby Jul 30th 2010 3:35PM

Wow, another hollywood actor who can't figure out how to pay taxes, big suprise. Maybe they should quit telling us poor folk how to think since they seem to get into the biggest trouble

laditaxi2 Jul 30th 2010 4:29PM

Comedian--- laugh about back taxes ?? Should'a thunk about this sooner ! ! !

wendy Jul 30th 2010 5:19PM

Its sad that people bask in the glory of someone else's misfortune.Yeah , he probably overspent and didnt pay his taxes, but hopefully he will learn from his mistake in the future. I'm sure he will bounce back. Chris, be strong and dont let the haters keep you down.

Howard Jul 30th 2010 8:18PM

how come they just take out taxes before they pay. If you win big at the race track they do. Why not if you get paid 20 million for a movie

Tspoon Jul 30th 2010 9:52PM

Hang in there Chris, you will work it out.

gposner29 Jul 30th 2010 11:05PM

This is the funniest Tucker has been for a long time.....

gposner29 Jul 30th 2010 11:06PM

Did someone tell Tucker about the dead zebra in his bedroom?

Mario A. Blanca Jul 31st 2010 1:00AM

The property is available as Short Sale (Lender must agree to sell price) $2 million which is quite a bargain considering the $6 million purchase price. The home is 4 brm 5.5 baths 5,196 Sq Ft heated and total Sq Ft 7,943 (based on public records). There is also a Bonus room (13X21 Sq Ft) the property sits on one acre of land and annual property taxes are $31,288.

Anyone interested in purchasing the home, respond to this post with contact info.

gposner29 Jul 31st 2010 5:32AM

Chris's new book, "How To Handle Money When It
Comes Your Way," should be a best seller....

YBLogical Aug 1st 2010 12:49PM

It is ridiculous to make comments regarding race. There have been many many entertainers that have failed to pay taxes and/or have poor money management skills. Trusting someone else to keep up with your earnings, expenses, etc is just foolhardy if you're not following up with them. Stop with the ignorant comments and stay on topic please.

LC Aug 1st 2010 2:27PM

Thank you! Every other comment is "HE'S BLACK! HE'S BLACK!" WTF! I don't think he is the first person in this country to get in trouble with the IRS. And I'm possitive the list of people in trouble with the IRS includes quite a few white folks (and others).

YBLogical Aug 1st 2010 12:57PM

It is ridiculous to make comments regarding race. There have been many many entertainers that have failed to pay taxes and/or have poor money management skills. Trusting someone else to keep up with your earnings, expenses, etc is just foolhardy if you're not following up
with them. Stop with the ignorant comments and stay on topic please.

hd Aug 1st 2010 9:24PM

SINCE so many performers are not paying taxes and STUDIOS pay them (on 1099's) Why doesnt the IRS insist on withholding by the studio for a person that gets an individual 1099 of over 100,000.00 (Its a waste of time for Extras/Dayplayers, etc. that get 50-1000 bucks or so ... most of which goes to Acting Lessons, etc.)... The Stars would have to file taxes to get REFUNDS. Studios PAY the AGENTS of these Stars their 10% directly so this wouldnt be a big deal for Studio payroll.
This might seem abusive to these high paid Stars, however what is worse ... paying up front or going bankrupt because you spent too much and didnt put away enough money to pay your taxes?
I dont feel sorry for Tucker, Sinbad, Toni Braxton, Nick Cage, Sports Personalities, etc. but since they seem inept at saving up and paying their quarterly taxes this might help.
That said, look at the Tax Cheats in Congress .. and since many make a fortune from Book Deals, etc., all on 1099's, I doubt they will pass this type of legislation since they will be impacted.
(And for the fool that said "Ill bet Trump owes taxes ... He, like Martha Stewart, and Oprah Winfrey pay their Quarterly Taxes PROMPTLY. (They have Accountants that insure it is done)

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