Victoria and David Beckham aren't the only celebrities with real-estate woes: Britney Spears is having trouble selling her Malibu mansion.
Spears, 25, put the seven-bedroom, 1.53-acre estate on the market on Jan. 18 for $13.5 million. On March 28, the price dropped to $11.9 million, and it is still available at that price, real estate sources confirm to PEOPLE.
Spears bought the 9,000-sq.-ft home in October 2004, shortly after marrying Kevin Federline. The property, for which the singer reportedly paid $6.9 million, also includes a garden, pool with spa, tennis court and gym.
But the house, which is in the exclusive gated Serra Retreat area where such stars as Mel Gibson live, may have priced itself out of the market for the moment, according to Kurt Rappaport, president of Westside Real Estate Agency. read more
Source: www.people.com
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