No one ever knows what will happen in the real estate market. Many industry players have accepted that purchases will either be wins or losses. Some people have bought houses that doubled in value after a few years, while others sell at heavily discounted prices—if they even get buyers at all.

But why won't these houses sell after they were hyped so much in the past that they cost a fortune? Could these celebrity mansions be so expensive, making only a few people bid on them? Or have the houses been overly customized to the point that their value has been reduced?

The Decline in Value of Matt Lauer's Waterfront Estate

The former anchor of NBC's "Today" show, Matt Lauer, may have brought his misfortune upon himself. We would rather not revisit the misconduct scandals he got embroiled in, but they impacted many aspects of his life. The value of his house in the Hamptons, New York, was also affected, as no one wanted to do business with him.

Lauer bought the property from famous actor Richard Gere for $36.5 million in 2016 and listed it three years later for $44.8 million. But the 6.3-acre estate continued to decline in value until it sold for an undisclosed amount in 2022.

Joey Lawrence Is Still Avoiding a Loss in His Mansion

This home belonging to "Mellisa & Joey" actor, Joey Lawrence, was purchased in 1994 for about $1.2 million. It's been nearly three decades since then, and the house remains unsold, even though he listed it in 2010 for around $3.2 million.

The price may be the problem with selling the house, but Lawrence isn't planning to take a loss. Who knows what his stand will be in the future? Over the years, the home has already undergone a series of price cuts and was last listed at $2.6 million. Hopefully, someone buys it before it's back to its 1994 price.

This Schweppe Mansion May Be Haunted

Haunted houses do not exist only in movies. The fact that this 24,500-square-foot mansion saw someone die in it has made it vacant for about half a century. The house was initially designed and presented as a wedding gift to Charles Schweppe and Laura, the daughter of former Marshall Field chairman John Shedd.

Sadly, after Laura and her husband died in the house, there was no way to sell it. Although the estate appeared on the market in 2007 for $18 million, the price has continued to drop, with the value even coming down to $9.4 million.

Drastic Price Cut on Neverland Ranch

One of the most drastic real estate price cuts in recent times has to be that of Michael Jackson's Neverland Ranch. However, those price cuts were bound to happen. That is, if one considers how long the 2,700-acre estate has stayed on the market without a buyer. But it's quite a drastic free fall from $100 million to $22 million!

A friend of the late pop singer, billionaire investor Ron Burkle, decided to take the estate off the market in 2020. Despite its history and vast grounds, it still took a bit of sentiment to make this huge purchase.

Is The House in a Rock an Impossible Design?

What did Amey Kandalgaonkar think when he designed this house inside a rock? The Shanghai and Mumbai-based architectural photographer was inspired by images of a rock cut-tomb design by Saudi Arabia's Madain Saleh. That is why he set out on this architectural journey.

But while it's easy to love the concept, the vibe is different when considering it as a place to live. And despite its architectural creativity—mixing modern elements with nature to give fictional reinterpretations of historical precedents—this project is challenging to be given the go-ahead. No one knows what it costs, and the rumors widely vary in amount.

Jennifer Lopez's Hidden Hills Mansion Struggled To Sell

When Jennifer Lopez ended her marriage with Marc Anthony, she put the extravagantly decked mansion they bought together up for sale. After listing it for $17 million in 2015 and getting no buyers, she pulled it out of the market and relisted it for $14.5 million. But that still wasn't enough discount for buyers.

Lopez and her ex-husband paid $8.2 million for this 17,000-square-foot Hidden Hills mansion, and they made some improvements after the purchase, like adding a resort-like pool area. Eventually, she sold the house for $10 million. But considering renovation costs and inflation, she may have gained nothing from the sale.

A Timely Sale For Tommy Hilfiger's Mansion

The famous fashion designer Tommy Hilfiger got some great advice about his Greenwich, Connecticut mansion in 2020, which made him put it up for sale. In his case, the estate stayed on the market for a short time, but it also didn't sell for its asking price.

The 22-acre estate was initially put on the market for $47.5 million after Hilfiger and his wife bought it in 2010 for $31.4 million. But even though it eventually sold for a few million less, it was still significantly valuable at $45 million. Hilfiger has since moved to Florida with his wife.

The Beach Mansion of Kurt Russell And Goldie Hawn

For Kurt Russel and Goldie Hawn, renting out this Balinese-inspired beach mansion was the only profitable portion of their home ownership, even though it didn't last too long. No one wanted to buy the house when they tried to sell it. Since being priced at $14.8 million in 2011, it has not gotten any serious offers.

The monthly rent was actually reduced to $80k per month. Also, the asking price has been slashed by nearly $5 million. No one knows if it's a smart business move or going a bit overboard, but they've had this home since the late '80s.

Faith Hill And Tim Mcgraw Sold a Part of their Mansion

The superstar country music couple Faith Hill and Tim McGraw have a mansion in Leiper's Fork, Tennessee, that they've had trouble selling for a long time. The problem is the area where the house is located. With just a few people residing there, the only fun thing to do is visit the local distillery, diner, or church.

The incredible mansion was listed in 2013 for $20 million, but there was trouble getting it purchased. Eventually, they sold off about 131 acres of the estate in a separate sale and listed it for a lesser price of $18.5 million. However, it's no longer on the market.

50 Cent's Connecticut Mansion

At least 50 Cent didn't collect just cents for his 52-room Connecticut mansion when it sold. It's hard to imagine it could have been much worse than the 84% price cut the house got after being on the market for 12 years. Interestingly, the house originally belonged to famous boxer Mike Tyson.

After initially listing the castle-like mansion for $18.5 million in 2007, 50 Cent had to compromise for over a decade. Eventually, he was able to sell the house for $2.9 million. It was a loss because he bought the house for $4.1 million in 2003.

A Fitting Mansion for a Bond Girl

Denise Richard, the "Real Housewives of Beverly Hills" star, wanted to be closer to the show's filming and bought this house in Calabasas, California. At the time, she didn't need the place again and tried to sell it; it stayed on the market until it became stale and aged.

In 2015, the house was listed for $7.7 million. In addition to its luxury amenities that make that price worth it, it is even said that Angelina Jolie lived there when she was going through her divorce from Brad Pitt. Richard finally sold the house in 2018 after slashing the price to under $5 million.

The Historic Ann Starrett Mansion

Could it be another haunted house? This 5,800-square-foot property in Port Townsend, Washington, still seems to hold nostalgia for the original owners, the Starrett family. In 1899, George Starrett spared no expense in building the monumental mansion for his beloved wife, Ann, and the couple lived there all their lives.

Their descendants continued to occupy the house, including their son and his nanny, until it was put on the market. After being purchased and turned into a bed and breakfast, it eventually closed in 2005 and remained on the market for 12 years. The historic mansion eventually sold for $775k.

Michael Jordan's Over-Personalized Estate

Regarded as one of the greatest basketballers of all time, Michael Jordan's success on the court, unfortunately, did not translate in the housing market. His massive estate in Chicago is still on the market more than a decade after it was first listed in 2012. The asking price began at $29 million but has significantly dropped since then.

Jordan lived in this estate during his championship seasons with the Chicago Bulls, and the residence's gate even has his famous number "23" on it. People have speculated that the over-personalization of the home contributes to the lack of interest from buyers.

Sylvester Stallone's "Rocky" Estate Price

The star of the "Rocky" franchise, Sylvester Stallone, was influenced by the old-world Mediterranean style of his Italian ancestry, which he poured into the design of his home in La Quinta, California. But it was difficult to find buyers when he was ready to part with this home.

Stallone had bought the four-bedroom abode in 2010 for $4.5 million, but he initially listed it for $4.2 million, not minding losing a few hundred thousand dollars at the time. However, things got worse. Despite later lowering the price drastically to $3.35 million, he still settled for $3.15 million.

The Famous Log Cabin Called Granot Loma

This 26,000-square-foot log cabin, known as Granot Loma, is considered the world's largest, boasting 23 bedrooms and 13 bathrooms. The home was purchased and initially owned by a Chicago financier, Tom Baldwin, who paid just $4.2 million for the house, and another $4 million to renovate it.

However, over the years, the 5,000-acre piece of land has earned a reputation in Michigan as one of the state's most historic sites. And although initially worth a whopping $40 million, which made it the most expensive log cabin in Michigan, it was put on the market for a drastically reduced price of $19.5 million.

Kevin Jonas' Mansion Also Took Price Cuts

Everyone is familiar with the Jonas Brothers and their extensive music career, both solo and as a band. Kevin Jonas, the oldest brother, and his family moved into this home in New Jersey that was custom-built for him. The house boasts five bedrooms and 6.5 bathrooms and is situated in the exclusive Valhalla estates neighborhood.

Although the mansion was first listed for $2.5 million, it was taken off the market briefly until it returned with price cuts. It eventually sold in July 2018 for $2.25 million, which is a steal, considering the house is furnished with state-of-the-art amenities and high-end appliances.

A Small Loss on the Aiken

The Aiken estate in Savannah, Georgia, takes us back to the late 19th century when the notable history of this mansion began. At the time, this home belonged to Dr. and Mrs. William Ford Aiken, parents of Conrad Aiken and three other kids.

Twelve years before dying in 1973, the Pulitzer Prize-winning poet was offered the opportunity to live in his folks' old house. His famously tragic life must contribute to why no one wants the house. Believed to be the most haunted house in Savannah, it was initially priced at $1.24 million. The home sold in 2018 for $1.15 million, according to realtor.com.

The Piano Man's Multimillion-Dollar Mansion

Many people know and love the American singer Billy Joel, who is often called the Piano Man. Owing to his successful career, he purchased a 13,000-square-foot mansion about ten miles south of Palm Beach in 2014, splurging $11.8 million on that expense.

Interestingly, after listing it the following year for $19.5 million, he has brought the price down to $16.9 million. This deluxe house should be irresistible with marble floors, coffered ceilings, French doors, and a pool terrace. He still put all his furnishings up for grabs, including his piano, and yet, there were still no takers.

The New Owners of Alonzo Mourning's Mansion

The former Miami Heat player Alonzo Mourning bought a home in the Pinecrest area of Miami, Florida, where he lived with his wife and kids. But as rumors of his split from his wife continued to gain ground in 2019, he put the 9,100-square-foot mansion on the market for $5.3 million.

When the house was purchased, it initially hit the market for around $12 million. And even after halving the price, Mourning still struggled to sell it in 2020 and settled for $4.5 million. Now it's back on the market for $5.6 million, and the new owners are not having any luck.

Discount on Antonio Banderas' Central Park Apartment

New York City is not for the faint of heart. It's expensive to live there, but the "Puss in Boots" actor Antonio Banderas could afford it, living in a four-bedroom pad on the Upper West Side. However, he decided to give up this apartment and list it for approximately $8 million.

But it was more complicated for the actor seeing as nobody wanted the house. Two years later, in 2020, he brought the price down to $7.4 million, but the 7% discount still didn't attract buyers. Banderas has owned this house since 2015 after buying it for $4 million. Hopefully, the price returns to something other than that.

Shaquille O'Neal's Mansion Was Listed Five Times

One of the greatest basketballers of all time, Shaquille O'Neal, has a reputation that precedes him. But despite how big he is in his field, he found it difficult to get his Windemere mansion sold. And O'Neal had owned this massive 31,000-square-foot home since he played for NBA's Orlando Magic in the '90s.

Since 2018, the estate has been listed and relisted up to five times with several agents. The final listing before the house sold was $16.5 million, but O'Neal eventually settled for $11 million. And the new owners love the place. Who wouldn't, with its 17-vehicle capacity garage, 1,400-square-foot wine bar, and 95-foot-long swimming pool?

The Million Dollar Estate of Brad Pitt and Jennifer Aniston

Beginning with a $56 million listing price in 2019, this Beverly Hills, California mansion that, once belonging to Brad Pitt and Jennifer Anniston, already seemed like it would be a difficult house to sell. They didn't even live in the four-bedroom home for up to two years but spent three years renovating it.

The former couple paid just $13.1 million for the 12,000-square-foot home in 2001, but they sold it to a hedge fund executive in 2006 after separating for an undisclosed amount. The house has been challenging to move all those years, but it finally sold in 2020 at the discounted price of $32.5 million.

Mel B's Four-Story House in Los Angeles

Mel B of the famous Spice Girls lived in a home built in 1928. But of course, it was stylishly redesigned in 2016 to fit the ultra-modern style typical of Los Angeles luxury real estate. To our shock, despite its luxury redesign, the four-story house stayed on the market for up to two years.

Along with her now ex-husband, Mel B purchased the house in 2014 for approximately $4.3 million. But when she first put it up for sale in 2017 for about $8 million, no one was interested until she made price adjustments to around $5.5 million.

Pharrell Settled for a Loss on His Beverly Hills Mansion

Any luxury house for sale in California is usually expensive. However, Grammy-winning artist Pharell Williams is believed to have still overpriced his Beverly Hills home at $17 million for buyers to be interested. He didn't wait for years before dropping the price, and the year was still 2020 when he listed and eventually found a buyer.

The only problem is that he had to settle for $3 million less than his initial ask. But that's still an incredible deal considering the comparisons that were made about the house. People likened it to an office building because of its contemporary glass-covered aesthetic.

A Lucky Buyer of Melanie Griffith's Estate

Melanie Griffith and her ex-husband Antonio Banderas purchased this 7,400-square-foot log cabin mansion in 2002. They lived in it as a family before it became Griffith's house solely. Although initially on the market in 2015 for $10 million, the stunning Aspen retreat home only sold four years later.

In 2019, one lucky buyer acquired the estate for a massive discount and paid only $4 million. With seven bedrooms, eight bathrooms, and a wine cellar with a 9,000-bottle capacity, that's genuinely a lucky buy. At least, even at $4 million, there's still little profit since the house was bought for $3.55 million.

Property Taxes May Affect Buyers of Mel Gibson's Home

When the Academy Award-winning actor and director Mel Gibson bought this house, it wasn't as spectacular as it is today. But despite his upgrades, why was it so difficult to sell the house when he was ready? Word in the town is that the area's high property taxes contributed to buyers' lack of interest.

Gibson listed this Malibu, California home for $14.5 million in 2019, and as of 2022, there are still no takers. Whether he plans to make price cuts or not is unknown, but after buying the house for $11.5 million in 2008 and considering inflation, the current price seems low enough.

Even Real Estate Mogul Ellen DeGeneres Made a Loss

Owing to her tremendously successful career as an iconic television show host, Ellen Degeneres has acquired an enviable portfolio of houses in America. It has even become a significant business venture for her, as she and her wife go about the side hustle of flipping houses for a profit.

Unfortunately, she doesn't always win. One of her purchases in 2014 turned out not to be profitable even after three grueling years of looking for a buyer. In a move she called a giant experiment, she had shelled out $13.2 million to buy adjacent condos in Los Angeles and eventually sold it for $11.85 million.

Steve Cohen's Penthouse Sold for More Than 70% Off

The billionaire New York Mets owner Stephen Cohen was not thrilled about the lack of interest in his industrial-themed New York City Penthouse. The 9,000-square-foot deluxe house was listed in 2013 for a staggering $115 million, but it was almost a decade before it sold.

One has to wonder whether Cohen wasn't overreaching with his listing price, considering he had initially purchased this duplex in 2005 for just $24 million. When it eventually sold in 2021, it was at a 74% discount. The price continued to reduce through the years until he found a buyer at $29.5 million.

Alan Wilzig's Continued Reducing the Price of His Townhouse

Former banker Alan Wilzig made great strides in his life. After becoming the CEO of the Trust Company of New Jersey, he almost doubled their market value, expanding them to 75 branches. However, banking and flipping houses are different, and he was having trouble with the latter.

Around the mid-'00s, Wilzig snapped up a Tribeca townhouse for $3.35 million. Unwilling to sell, he experimented by listing it in 2014 for a steep $44 million. However, there were no takers. Three years later, he reduced the price to $20 million, but it only sold in 2019 after another two years on the market for $12.65 million.

The Historic Mansion of Vincent Forge

In this historic mansion's case, the price is not why it has yet to be purchased as of 2022. Also known as Young's Forge Mansion and Kerry Dell Farm, this 18th-century property has served as a home, an office, a farmhouse, and a catholic summer camp.

Still sitting on 48.5 acres of land in Chester County, Pennsylvania, the home, extensively restored in the late '90s, is now blended with modern amenities and goes for the meek price of $825k. Besides a few ghost stories, buyers' hesitation is that it is more fit for a museum than a family home.

The Halston Penthouse for Party Lovers

Those familiar with Halston's work understand that his chic minimalistic approach to design was only complimented by his love for earsplitting parties in the '70s. And this four-story carriage house of the midcentury was the regular venue for those parties, which hosted Hollywood A-listers like Andy Warhol and Liza Minnelli.

Despite the home's unremarkable exterior, its interior features 32-foot-high ceilings and a sunken living room, which is why the house packed a punch with its original listing at $38.5 million in 2011. But the value continued to plunge along with buyers' interest until it sold in 2019 for $18 million.

How Much Should a Billionaire's Mansion Cost?

The Los Angeles luxury housing market has much to offer, but it is not for the less financially buoyant. For example, this massive 12-bedroom Mediterranean mansion in Beverly Hills, California, was initially listed at a staggering $195 million! And with 17 bathrooms, a 30,000-bottle capacity wine cellar, and a sizeable zero-edge swimming pool, the price is hardly shocking.

However, billionaire developer Jeff Greene may have to find another billionaire to buy his house, as it hasn't sold as of 2022. He is even asking for a $295k monthly rent since he still found no buyer after massively dropping the price to $129 million.

Ex Bond Girl's Extravagant Mansion

Ex-Bond girl Denise Richard's extravagant mansion in California is filled with so many luxuries that even Angelina Jolie could not resist renting it for a while. But in 2015, just a year before Jolie rented the place, Richards had done some extensive renovations and put the house on the open market for $7.7 million.

After buying the six-bedroom house in 2007 for $4.4 million, hoping for about $3 million in profit isn't overreaching. However, the 8,284-square-foot glammed mansion is still on the market as of 2022, and there's no telling whether or not she will reduce the price.

Another Haunted House That Won't Sell: The S.K. Pierce Mansion

While haunted houses make for great horror stories, they're not the best information to be included in luxury housing ads. But whether or not they are included, people always know. Everyone knows that the 19th-century home of Sylvester Pierce, the founder of S.K. Pierce & Sons Furniture Company, is haunted.

The Victorian mansion, located in Gardner, Massachusetts, may not even fit the luxury tag anymore, considering its drastic price devaluation, placing it at just $329k. Ideally, that could be okay for a three-bedroom, but this mansion has ten! But despite the house's cheapness, who will want a place that has documented seven individual deaths?

Eminem Never Lived in this House

Since Eminem, one of the greatest rappers of all time, lived in this house, it ought to be valuable. But according to reports, interested buyers were put off by the outdated interior decor. To be fair, Eminem hardly ever lived in this mansion, so it may not be entirely his fault.

The rap legend originally purchased the 22-room house in 2003 for $4.75 million, and it features a massive lawn, basketball and tennis court, spa area, and pool. But despite all these luxuries, the house only managed to sell for less than half its purchase price after 14 years!

The Pillars Estate Owners Halved the Price of Their Haunted House

Another haunted mansion on our list is the famous Pillars Estate in Albion, New York. Perhaps the owners didn't know the house was haunted by the former owner's wife when they snapped up this six-bedroom residence. But now they are aware and doing their best to sell it off. However, nobody wants a haunted house.

The owners spent 11 years working on the house to take it back to its past glory, but the estate seems only to be improving physically. The renovations did not affect its price. In fact, the house price was $1 million before, but now it has been slashed by half.

A Golf Lover's Paradise

Golf lovers would find this stunning six-bedroom estate in Brentwood, Tennessee, a paradise, considering it's right off a golf course! But unfortunately, even for a relatively low price of $3.25 million, the house remains unsold as of 2022. And it has been going on and off the market since 2012.

But apart from golf, there's more to the house's appeal, including its old-world exterior and luxurious interior amenities. The home spans 11,619 square feet and features a wine cellar, media room, and gym. And just outside, there is also a pool in case golfing isn't so much fun.