2017’s Biggest Celebrity Real Estate Winners and Losers

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The law of gravity dictates that what goes up, must come down—but the vagaries of celebrity real estate don’t always adhere to the letter of the law.

When it comes to luxury house hunters such as the Kardashians, Floyd Mayweather, and star couple JAY Z and Beyoncé, their property portfolios grew in 2017 with no end in sight. On the other side of the golden coin, the real estate holdings of Eminem, Lil Wayne, and Reba McEntire went south.

Then there’s “poor” 50 Cent, who’s in a class of his own. The longtime housing has-been is still looking for a buyer for his wayward Connecticut mansion. We’re looking forward to a time when the gods of real estate finally smile upon him, which didn’t happen in 2017.

Join us as we look back at 2017’s biggest booms and busts in the high-stakes world of celebrity real estate.

Winner: Beyoncé and JAY Z

After years of speculation, searching, and rental test drives of ultraluxe mansions, the A-list couple finally found a place to call their own in Los Angeles. Not only did they purchase a 30,000-square-foot estate with eight bedrooms, four pools, a 15-car garage, recording studio, basketball court, and views of the downtown skyline, they also snagged the Bel Air mansion at a $47 million discount. The asking price for the off-market property was rumored to be $135 million, but Bey and Jay offered only $88 million, and a deal was struck.

In addition, they purchased a stunning $26 million mansion in East Hampton, NY, in the exclusive Georgica Pond area. They also scored a deal on this seven-bedroom estate, which had been listed for nearly $29 million. So what’s a million or three when your estimated net worth is close to $1.3 billion?

Beyoncé and JAY Z’s East Hampton home

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Loser: Eminem

Rapper Eminem, aka Marshall Mathers, is making a triumphant comeback on the music scene, but he can’t claim the same victory when it comes to his real estate investments. He recently sold his 17,500-square-foot mansion in Rochester Hills, MI, for $1.9 million, which seems to be a fair price, considering that it was assessed at $1,763,160 in 2016. However, that sales price is less than half the $4.75 million he paid in 2003 for the five-bedroom, 10-bath property outside Detroit. That’s quite a loss!

At least the deal was quick, if not painless. The mansion was snapped up just a few weeks after it was listed at $2 million.

Eminem’s Michigan mansion

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Winner: Floyd Mayweather

The fighter’s real estate portfolio kept pace with his unblemished record in the ring. After handily dispatching Conor McGregor in late August, and pocketing an estimated $300 million, Mayweather picked up a recently renovated French modern–style estate in one of the most coveted pockets of Beverly Hills, CA, for $25.5 million. And he managed to jab the seller into a discount, since the massive mansion was originally listed for $28,950,000. Perhaps his penchant for paying in cash had something to do with the bargain he knocked out.

The boxer’s real estate portfolio also includes a $2.4 million condo at the Ritz-Carlton Residences in downtown Los Angeles, a penthouse and $7 million waterfront mansion in the Miami area, plus at least five homes in Las Vegas. He’s a champ in more than one arena.

Floyd Mayweather’s new Beverly Hills mansion

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Loser: Scottie Pippen

Retired NBA great Scottie Pippen has had not one, but two luxurious spreads on and off the market for years now, and he hasn’t been able to close a deal on either one.

The ex-Chicago Bulls superstar’s Highland Park property is a five-bedroom spread on 2.5 acres. It has an infinity pool, home theater, wine cellar, eight-car garage, and an indoor half-court featuring a rendering of Pippen’s No. 33 jersey. The mansion, which was listed for $3.1 million in June 2016, is currently available for $2,795,000.

Then there’s Pippen’s Italian-style waterfront mansion in Fort Lauderdale, FL. The six-time NBA champ has been trying to sell the megamansion, known as “Villa del Lago,” since 2009. Priced at $16 million nearly a decade ago, it was recently languishing on the market for $10.9 million.

In September, Pippen put the place—featuring a 205-foot-long concrete dock and NBA-size basketball court—up for rent at $40,000 a month, hoping to appeal to a vagabond baller who’d rather rent than buy.

Scottie Pippen’s Highland Park, IL, home

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Winners: Kardashian-Jenner real estate empire

When it comes to keeping up with the Kardashians, their never-ending real estate deals are harder to follow than their complicated love lives. 2017 was no exception.

Kardashian matriarch Kris Jenner recently purchased a brand-new, $10 million custom estate in the exclusive enclave of Hidden Hills, CA. The 9,400-square-foot, six-bedroom home sits on a 1.28-acre lot that’s a mere half-mile away from her current home, and it’s practically across the street from Kim Kardashian West and Kanye West‘s gigantic estate/construction project.

In further evidence that mother and daughter are practically joined at the hip, Kardashian West and Jenner just bought three brand-new units in a luxury development called Avanti in their beloved Calabasas. In an off-market deal, Jenner shelled out more than $3 million for two residences, while Kardashian West snagged one of her own for $1.6 million.

Kendall Jenner (Jenner’s younger daughter and Kardashian West’s half-sister) is also busy with real estate. She listed her corner condo in The Wilshire, a luxury building in the Westwood section of Los Angeles, for $1.6 million. Rumor has it that the 2,068-square-foot apartment didn’t have enough closet space.

Finally, makeup mogul Kylie Jenner (Kendall’s sister) went on a real estate rampage in 2017, selling two of the three homes she’d purchased not all that long ago. The first was a four-bedroom home in Hidden Hills, located right next to the home where she currently resides. She bought it for $4.5 million in June 2016, then turned around and sold it for $5,275,000 in August 2017. The second was a six-bedroom Tuscan-style home in the gated enclave of The Oaks, which she purchased in 2015 for $2.6 million. It went back on the market in June 2016 for $3.9 million, but she eventually let it go for $3.15 million.

Kylie Jenner’s home in The Oaks of Calabasas

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Loser: Reba McEntire

Country crooner and TV star Reba McEntire is singing the blues. She took a loss on the Nashville-area Starstruck Farm, which she put on the market in 2016 after splitting from her husband and manager, Narvel Blackstock. It turns out, the developer who bought the property is going to subdivide it and likely make a killing. Although McEntire originally listed the 83-acre farm for $7.9 million, the developer wound up paying only $5 million.

The developer received approval from the Wilson County Planning Commission to carve up this once-regal expanse of land into smaller lots on which he’ll build 15 homes. Meanwhile, a 10-acre parcel including McEntire’s former spread was put back on the market for $2.95 million. And that’s a great deal, considering it includes a five-bedroom, Colonial-style mansion, as well as a tennis court, eight-car garage, five-stall barn, and equestrian center. It’s just too bad McEntire couldn’t take advantage of the land rush her property wound up generating.

Reba McEntire’s former home.

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Winner: Angelina Jolie

When she bought one of the most iconic estates in Hollywood, Angelina Jolie didn’t stray too far from the Hollywood-area home she shared with Brad Pitt. In June 2017, she snagged the Los Feliz estate once owned by legendary director Cecil B. DeMille for $24.5 million. Rumor has it that her children liked it for its green, rolling lawns. We’re guessing Jolie appreciated the compound’s Beaux Arts–style mansion, which was built in 1913 and fully (and painstakingly) restored.

The 2-acre property includes a graceful pool with arched fountains, a pool house and a studio house, rose gardens, and dramatic views from the Griffith Park Observatory to the Pacific Ocean.

Angelina Jolie bought the Cecil B. DeMille estate.

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Loser: Lil Wayne

It took two years, but hip-hop star Lil Wayne finally unloaded his 15,000-square-foot waterfront mansion in Miami Beach, FL, for $10 million—which is $1.6 million less than what he paid for it, and a full $8 million less than the price he listed it for in 2015.

The initial listing price reflected the improvements the 34-year-old rapper had made, including a rooftop skate park, a lagoon with live sharks, and a recording studio in the guesthouse. Those kinds of perks don’t come cheap. The 15,000-square-foot main house, which is located on La Gorce Island near Miami, has six bedrooms, and there are three additional bedrooms in the guesthouse. While it was ideal for the rapper’s lifestyle, it wasn’t every buyer’s cup of juice.

Lil Wayne’s former Miami mansion

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Winners: The ‘Little Couple’ stars

TLC’s “Little Couple”—also known as Dr. Jennifer Arnold and her husband, Bill Klein—proved hugely popular with our readers in 2017. The duo haven’t sold their Houston home yet, but they were successful in scoring a gorgeous new home in St. Petersburg, FL. They and their family also managed to dodge the paths of Hurricanes Harvey and Irma, and neither of their homes was damaged.

Now that the list price on the plantation-style house in Houston was recently sliced, it’s sure to sell. We’ll let you know when it hits the win column.

The “Little Couple” stars’ new waterfront home in Florida

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Loser: 50 Cent

Year-end breaking news: 50 Cent has cut the price of his mansion—again! Relisted just this week for $5 million, the albatross on the rapper’s real estate portfolio won’t let go. The mansion with 21 bedrooms, 25 bathrooms, and one stripper pole has spent the past decade on and off the market.

He’s now lowered the asking price from $14.5 million to a paltry $5 million. At one point, an interested party reportedly wanted to turn the property into an assisted-living facility. Imagine the fun seniors could have with a helipad, nine kitchens, an indoor pool, and disco! The deal was obviously never realized.

Perhaps it’s the $67,000 in monthly maintenance fees that’s keeping buyers at bay. Whatever the case, we’re hoping 2018 is Fiddy’s year. We’d hate to have to write about him again.

50 Cent’s pad

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