Sunday, August 3, 2008

Cher Selling Malibu Mansion for $45 Million

Cher is selling her Malibu mansion.

Price tag?

$45 million!

Running on 1.7 acres and overlooking the Pacific Ocean, the three-story, 14,000-square-foot pad comes complete with six bedrooms, seven bathrooms, a theater, a gym, multiple verandas, a tennis court and a pool, the Wall Street Journal reports.

The home, which she built in 1992, used to house her collection of English Gothic Revival antiques, which she auctioned off about two years ago.

According to the listing agent, the home's d├ęcor now has a lighter, beach-resort style.

It's the 62-year-old singer's latest real estate move.

In 2006, she bought a condo in Los Angeles and that same year sold a bayfront house in Key Biscayne, Florida, for $8.8 million.

Source: USmag

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