short sale

Chris Tucker's Short Sale Situation

Filed under: Estates, Celebrity Shopping

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

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Mohamed Hadid's Short Sale Situation

by Deidre Woollard (RSS feed) —

Filed under: Estates

After my colleague Ann Brenoff reported that Mohamed Hadid had chopped $13 million off of one of his properties I knew times were bad but I had no idea just how bad. Another Hadid property, a Balinese-styled spec house in Beverly Hills, is now listed in the MLS as being a short sale situation. The property was once listed at $16.5 million. It was at $12.9 million when we checked it out as an estate of the day last year. Now it can be yours for $7.995 million on a listing that says "must sell" in big capital letters. The 12,000-square-foot home has a Balinese design with bamboo, exotic Asian woods and other materials imported from around the world. This is opulence on a grand scale with heavy doors, floor-to-ceiling glass windows, and three separate master suites among the six bedrooms. There is a Balinese-styled home theater, wine cellar and a gorgeous infinity pool with unobstructed views. The furnishings are included in the price.

Gallery: Bali in Beverly Hills