First, it was her divorce. Then it was her panty-less partying that led to her head shaving that leg to her stint in rehab. Now, pop princess Britney Spears has yet another problem to deal with. Oh woe is Brit… it seems the former Mouseketeer is having trouble selling her Malibu mansion.
The 25-year-old mother of two put her seven-bedroom, 1.53-acre estate on the market in January for $13.5 million. According to PEOPLE magazine, on March 28th, the price dropped to $11.9 million… and could drop again.
You’ll recall Spears purchased the 9,000-sq.-ft home, which features a garden, pool with spa, tennis court and gym in October 2004, shortly after marrying Kevin Federline. Back then the singer ponied up a reported $6.9 million. The house is located in an exclusive gated community where stars like Mel Gibson live.
A local realtor who does not represent Brit’s property told PEOPLE that the pricing for the singer’s house was “aggressive.” (I’ll say. I mean come on… she bought it for less than $7 million—-did nothing to it and put it back on the market for nearly $14 million.)
“It’s an expensive piece of property and sophisticated buyers are looking for the best price,” the realtor told the magazine.
What’s more, other realtors have weighed in on the subject themselves saying that Spears’s celebrity could hurt her ability to sell the property. (I wonder if the panty-less partying played a part?)
Speaking of partying… if your dream is to party with Britney, but you don’t live anywhere near L.A., I may have the next best thing. Elizabeth Arden is giving away ten limited-edition 30-gigabyte video iPod’s autographed by Spears as part of the Tick-Tock Photo Diary Contest. The competition is part of a promotion for the singer’s recently launched fragrance called Midnight Fantasy Britney Spears. Winners will be chosen from applicants who send in shots of their favorite midnight fantasy. The top photos will be featured on Spears’s beauty website.