8 celebrity homes that no one wants to buy

A celebrity owner isn't necessarily enough to sell a home.Some celebrity-owned homes have sat on the market for years.Michael Jordan, for example, has been trying to sell his Highland Park, Illinois mansion since 2012.While an association with a celebrity seems like it would help a home sell more quickly, that doesn't seem to always be the case.According to Redfin, homes owned by celebrities tend to spend 36 more days on the market than other homes, and they typically sell for less than what the seller had originally asked for.It could be that these homes have price tags that only a celebrity-sized paycheck couldcoveror, it could just be that the draw of a star power is not as strong as it would appear.Either way, we've rounded up eight celebrity-owned homes that have languished on the marketsome of them for several years at several different price points.SEE ALSO:No one wants to buy this $18.75 million townhouse owned by a real-life 'Wolf of Wall Street'-er50 Cent's Connecticut mansion50 Cent first listed his 50,000-square-foot home in Farmington, Connecticut, for $18.5 million in 2015. In the fall of that year, he lowered the price significantly, to $8.5 million, after he had filed for Chapter 11 bankruptcy.He again lowered the price, this time to $5.995 million, in 2016, and the price has remained the same since.The home is totally over the top, with"21 bedrooms, 25 bathrooms, an indoor pool and hot tub, a substantial night club, an indoor court, multiple game rooms, a green screen room, a recording studio," amongmany other opulent features, according to the Douglas Elliman listing.Matt Lauer's Sag Harbor estateMatt Lauer is having a hard time offloading his home in the Hamptons. Heoriginally listedfor $17.995 million in July 2016. He cut $1 million from the listing price in September 2016, and now it's asking $14.9 million.The 8,000-square-foot home sits on top of a 25-acre private lot.The home was built in a stunning traditional style with plenty of space for entertaining guests and a backyard pool to lay out by.Steve Cohen's mansion in the skyBillionaire hedge funder Steve Cohen has been seeking a buyer for his Manhattan duplex penthouse since 2013.It's had a number of different listing prices:$115 million, $98 million, $82 million, $79 million, $72 million, $67.5 million, and now, $57.5 million.The 9,000-square-foot space has fivebedrooms and sixbaths. Cohen is an avid art collector, and the home has a dedicated gallery to put his pieces on display.See the rest of the story at Business Insider
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