These Celebrity Mega-Mansions Are Now Worthless

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Penelope Cruz’s Los Angeles Home

On the Market Since: 2010
Total Area: 3,334 square feet
Initial Value: $3.695 million*

Actress Penelope Cruz had difficulty selling her Hollywood Hills home, which featured three bedrooms, four bathrooms, and a swimming pool. In 2010, she and her actor husband Javier Bardem listed their home for $3.695 million on the market. After another year of waiting, both sellers reduced the price to $3.1 million.

The house was sold in 2012 for $2.88 million, the final price. Cruz got the apartment for $250,000 less than what he paid for it at the beginning. A private courtyard, carved wooden doors, French doors, floor-to-ceiling windows, bamboo flooring, and a gourmet kitchen were just a few of the home’s many fine features. The Hollywood Hills mansion’s annual property taxes are $42,877, a significant disadvantage.

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