Friday, August 01, 2008

CHER SELLS HER MALIBU MANSION

CHER is joining other stars in selling their real estate property. She is selling her Malibu mansion. Will she able to sell it at her tag price?

$45 million!
Whoaa

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 décor 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.

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