These Celebrity Mega-Mansions Are Now Worthless
Rachel Ray’s Mansion – Southampton, New York
On the Market Since: 2017
Total Area: 3,000
Initial Value: $3.5 million*
Rachel Ray’s Southampton, New York, the home went on the market in 2017, but the famed chef’s expectations of a quick sale were not reached. Even though the $4.9 million asking price was reasonable, Ray could not secure the gorgeous property.
Ray sold the three-bedroom, five-bathroom house for $3.25 million midway through 2020, a considerable fall from the original asking price of $4 million. At least it was a success in the marketplace! A buyer was found after a three-year search, but he didn’t pay her the sum she was hoping for.
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