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Most Underwater Cities/Cities With the Most Debt
Save These Old Homes for Less Than $1

From the WSJ's Private Properties:
--The 4.7-acre estate of American novelist William Styron is on the market in Roxbury, Connecticut. We'll check it out later as our estate of the day.
--Psychiatrist and television personality Dr. Daniel G. Amen has cut the asking price of his Newport Beach, California house, shown above, to $3.79 million. Dr. Amen bought the 6,000-square-foot home in 2005 for $2.85 million. The listing is here.
--Former Lehman chief Dick Fuld quietly put his 6,200-square-foot co-op at 640 Park Avenue on the market for $32 million earlier this week but by the end of the week he changed his mind and decided not to sell.

From The Telegraph:
--Phil Neville, the former England soccer player, has sold his Versace-themed home in Lancashire for nearly £1.5 million less than the initial asking price. A photo gallery is here.

From Cityfile's Buyers and Sellers:
--via NY Mag Sally Quinn and Ben Bradlee have put Grey Gardens, their famous East Hampton mansion for rent this summer. The six-bedroom house is available from August 28 to Labor Day for $30,000.
--Andy Warhol muse Jane Holzer sold her apartment at 23 East 74th Street for $14.1 million to Wear Me Apparel president Jason Rabin and his wife Nicole. The apartment was originally listed for $22.5 million last year.
--Gossip Girl co–executive producer Joshua Safran has put his one-bedroom loft at 77 White Street on the market for $2.295 million. The listing is here.
--via NY Mag, actress Emily Mortimer and her husband, Alessandro Nivola, have paid $980,000 for a four-bedroom farmhouse in Amagansett.
--Guy Metcalfe, co-head of Morgan Stanley's real estate investment banking group, has sold his second-floor apartment at 15 Central Park West, which he purchased for $9.35 million in October. He had first re-listed for $16.5 million but eventually settled for $11 million.
--via Curbed, a three-story townhouse that belonged to the late activist Jane Jacobs is on the market for $3.5 million. The listing is here.
--Two Trees Farm, the 115-acre Bridgehampton estate with two houses, three barns, two polo fields, two indoor riding arenas, a pool and a tennis court has had a $20 million, down to $75 million for the entire estate or $20 million for the Gin Lane house by itself.
--Doug Griebel, co-founder and president of the Rosa Mexicano restaurant chain, paid $1.9 million for an apartment at The Bromley.
--Marc Juris, executive vice president and general manager of truTV has paid $2.8 million for a condo at 133 West 22nd Street.
David Godbout, a managing partner at Ceres Realty Fund, has put his loft at 139 West 19th Street on the market for $3.995 million. The listing is here.
--Lee Neibart, CEO of Apollo's AREA Property Partners, has gone into contract to sell his 16th-floor condo at 15 Central Park West. The three-bedroom apartment, which Neibart and his wife Joyce bought for $7 million in January was listed at $8.2 million.
--Carlos Alejandro Pérez Dávila, an heir to one of the richest families in Latin America sold his four-story townhouse at 176 East 75th Street. The 5,800-square-foot mansion, which had been listed for $10.9 million, was purchased by Keith Meister, the son of tycoon Robert Meister, for $8.6 million.
--Bella Sapir, the ex-wife of billionaire Tamir Sapir has sold the penthouse at 250 East 53rd Street that she bought for $8.895 million in November 2008 for $10.5 million.
--Columbia Law professor Hans Smit has lowered the price of his 12,000-square-foot townhouse at 351 Riverside Drive. It first hit the market for $31 million back in 2006. The mansion, which Smit bought for just $325,000 back in 1979, is now listed for $25 million. The listing is here.

From The Real Estalker:
--Former Lehman exec Joseph Gregory has reduced the price on his Hamptons home to $27.9 million. It was listed at $32.5 million when it was our estate of the day last September.
--Ben Stiller may be getting ready to put his Los Angeles home on the market with a price around $12 million.
Real estate developer Robert Bisno has sold a six-acre plot in Beverly Hills for $8.25 million. The buyer is believed to be Mark Wahlberg.
--Producer Gary Barber has paid $17,350,613 for an oceanfront compound in LA Jolla, California.


From the LA Times Hot Properties:
--Reality TV show daughters Vanessa and Angela Simmons plan to live in and film their spinoff, 'Daddy's Girls,' in a Beverly Hills Post Office-area house they are renting for about $10,000 a month.
--The Hollywood Hills compound of biographer J. Randy Taraborrelli has sold for $3.1 million.
--A Spanish villa in Los Angeles that movie legends Carole Lombard and William Powell once called home has been listed at $1.395 million. The listing is here.
--Scary Movie writer Aaron Seltzer has put his Studio City home on the market, we'll look at this one as an estate of the day on Monday.

Baseball player Bobby Abreu has had his apartment in One Beacon Court in New York City listed since last March but since it seems like Abreu might be soon leaving New York for the West Coast (both the Dodgers and the As have expressed interest) we thought it might be time to give him a little sales help. One Beacon Court has seen big baseball sales before, Johnny Damon had an apartment here, selling a 2,410 square foot apartment for around $8 million. But that was in 2007. Abreu's apartment is a two bedroom with a large living room and dining room and a master bath with a soaking tub. You'd be buying this one for the views more than anything else although all the finishes are as luxurious as you would expect. Abreu has had this place on the market for $7.9 million without a price cut. Back in March, Big Time Listings reported that Abreu paid $3.5 million for the property in 2005, so it seems he could lop a bit off the price and still make a profit. It seems like it's time to do so.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

From the NY Observer's Manhattan Transfers:
--The official listings for Julian Schnabel's Palazzo Chupi have hit the market. We covered these listings as our estate of the day recently but the listings have a few more pictures. The $32 million listing is here and the $27 million listing is here.
--Springsteen guitarist and Sopranos star Steven Van Zandt and wife Maureen have closed on a three-bedroom penthouse in a converted Methodist church at 135 West Fourth Street for $6 million.
--A townhouse at pricey Beekman Place that belonged to the late William Rupp is now listed at $25 million. It sounds like Rupp was a bit of a grump, he built a massive wall on top of his house which he refused to remove. Now the wall is being torn down. The townhouse is one of only nine on the river side from 50-51st Street. The 12-room townhouse also has plans for a three-story addition on top of the existing two-story extension which have been approved by the city and would add another 1403 sq. ft. The listing is here.
--Yankees player Bobby Abreu has listed two-bedroom condo at One Beacon for $7.9 million. The spare and bare apartment, shown above, is listed here.

From the NY Post's Gimme Shelter:
--Cameron Diaz has picked up a five-room renovated residence in a prewar doorman building, with an asking price just under $3 million.
--Brooke Shields has been spotted looking at homes in New York City. She and husband Chris Hency have been seen checking out a four-bedroom townhouse on West 20th Street with close to a $7 million asking price.
--Holly Speyer Lipton, the daughter of Rockefeller Center owner Jerry Speyer, has purchased a 12-room Park Avenue co-op for $12 million.
--Alain Levy, the former head of EMI Music, has paid $6.274 million for a two-bedroom, two-plus-bath apartment with Fifth Avenue views from the 18th floor.

From the Wall Street Journal's Private Properties:
--As previously reported by the Real Estalker back in November, Vera Wang has listed her family's Palm Beach oceanfront mansion for $19 million. In November, the estate, which belonged to her father Cheng Ching Wang, was listed for $23 million.
--Jason Brand, president of Merrill Lynch Pacific Rim, has bought a Hawaii oceanfront house for $15.9 million, which is a full 39% below its original listing price.
--As we mentioned in January, the former Atlanta estate of the late Robert Woodruff, longtime chairman of Coca-Cola Co., is for sale for $13.9 million. Check out pictures at the estate of the day post here.

From Berg Properties Celebrity Big Time Listings:
--It's official, Richie Sambora has paid $4 million to purchase a Calabasas home from San Diego Padres starting pitcher Randy Wolf.
--Model and actress Kelly Van Halen (formerly married to Alex Van Halen) has listed her five-bedroom house in Encino. It is our estate of the day later today.
-TV talk show host and entertainment mogul Byron Allen has gone into escrow on the Hollywood Hills home that he had listed for $6.995 million.
--An Encino mansion that Macy Gray sold in December 2006 for $4,750,000 was listed at $11.7 million after a major rehab. It is now down to $9.96 million. The listing is here.
--Movie producer Gilbert Adler has listed his house in Beverly Hills for $7.9 million. The listing is here.


From the Real Estalker:
--Home makeover television host Ty Pennington has picked up a two-bedroom condo in the West Chelsea neighborhood in New York City. It had a $2.495 million asking price.
--Rumor has it that the nearly one-million-dollar two-bedroom apartment in New York that Nicole Richie and Joel Madden recently purchased may be back on the market soon.
--via Page Six, Jon Bon Jovi has sold his Upper West Side condo for $5.484 million.
--via Newsday, the home next to Jennifer Lopez and Marc Anthony's estate in Brookville, New York has been listed at $2.229 million. To get to the five-bedroom home you have to pass through the same "million-dollar gates" that Lopez and Anthony installed for protection. The listing is here.
--Also the nine-bedroom home next to Lopez and Anthony in Bel Air is also for sale for $6.995 million. The virtual tour is here.
--Jude Law has reportedly purchased the London house he's been leasing in the Maida Vale neighborhood for around £3,500,000.
--The Real Estalker Mama covers the real estate dealings of real estate agent Kurt Rappaport who sold his house on Calle Vista Drive in Beverly Hills to Tom Cruise for $30.5 million. He has now purchased a lavish home on N. Crescent Drive in Beverly Hills for $15.99 million.

From the LA Times Hot Property:
--As the Real Estalker previously reported, actor Sean Hayes has listed his Hancock Park home for $8.95 million. We covered it as our estate of the day a few weeks back.
--Stan Jolley, a movie art director, a TV producer-director and one of the original designers of Disneyland has nearly completed his work on a Maya-themed home in Rancho Mirage. He bought the house for $7.7 million and spent another $3.5 million on renovations and furnishings.
--A home that once belonged to 1940s Oscar-winning actor Van Heflin is listed for sale for $6.595 million. It currently belongs to Barry and Kathy Silverton. She was named the 23rd District's Woman of the Year by the state Senate in 2005. The listing for the home is here.
--An Outpost Estates home that was built for actor John Barrymore and has also been lived in by orchestra conductor André Previn and actors James Coburn and Lee Marvin is listed for $3.2 million. I wish the pictures were larger in the listing because this is a real slice of old Hollywood and has some very quirky details.

From the Times Online:
--8 St. James Square in London has set a new property record, with a price expected to be between £115 and £120 million. The property will be turned into six lavish apartments.