Model Elle Macpherson is the latest celeb to drop the price of her home more than once. The Australian supermodel first put her London home on the market for £9.5 million last summer. The seven-story, Grade II-listed property is located in the Notting Hill area. Macpherson dropped the price to £8.95 million a while back but now she has switched agencies and dropped the price to £7.5 million.

She has a recurring role in a new television show, "The Beautiful Life" which will debut in the U.S. this fall. She bought the home in November 2006 after her break-up with multi-millionaire Arpad Busson, the father of her two children. Busson is now engaged to Uma Thurman. The Victorian property was built in the 1850s and has six bedrooms. It has been redone in a modern style and includes a large kitchen with multiple islands. Listing pictures are in the gallery below.

[via Cityfile]

Caprice Bourret is most known to us here in the States for starring on a season of the Surreal Life but she's a popular woman about town in London. And she has some pretty lovely real estate too. The Real Estalker Mama led us to the listing for Caprice's Notting Hill townhouse. The five-bedroom Victorian stucco has a south-facing garden and has been extensively remodeled into a contemporary space. The most interesting feature of the space has to be the basement which has a music studio, a home gym and an indoor swimming pool that has a screen for viewing movies behind it. The master suite has a dressing room, terrace and private bathroom. The lady with the figure is asking quite a figure for her home. The home is listed at £7,500,000 which is close to $13.5 million.

Brilliant British designer Sir Paul Smith recently celebrated an important milestone in his colorful career: the 10th anniversary of his incredible flagship store in London's Notting Hill, Westbourne House. The perfect realization of a long term dream of Sir Paul's, the shop is designed to feel like someone's tastefully, quirkily lavish London home, and features a unique range of men's and women's clothes and accessories, housewares and knickknacks alongside a cllection of jewellery, books, art and antiques.

The architecturally-significant establishment is also the center of his exclusive bespoke tailoring operation. Smith says he still gets a thrill every time he walks in the door. To commemorate the anniversary, Smith and friends like shoe maestro Manolo Blahnik have created of limited edition products, available exclusively at Westbourne House, including watercolors, hand-painted plates, jewelry and a retro radio.

Smith, whose known for his signature multicolored stripes, opened his first clothing shop in 1970 and showed his first menswear collection under the Paul Smith label in 1976. Today Westbourne House is one of 14 Paul Smith shops in England; there are also outlets in Paris, Milan, New York, Hong Kong, Singapore, Taiwan, the Philippines, Korea, Kuwait, the United Arab Emirates and others, as well as dozens in Japan, where Sir Paul is something of a cult figure. Today he has 12 different collections including Paul Smith, Paul Smith Women, Paul Smith Jeans, Paul Smith London, Paul Smith Bespoke, Paul Smith Shoes, Paul Smith Fragrance and Paul Smith Spectacles. The company's annual revenue as of 2006 exceeded $600 million.