November 5, 2012 11:01 AM
The Holmby Hills house where Michael Jackson died in 2009 has been sold for $18.1 million, which is far less than its original $38.5 million asking price.
The house first hit the market in 2008, and it remained for sale while Jackson rented it for $100,000 a month. The house was designed by Richard Landry and built in 2002 on 1.26 acres of land, and back in March the owner, Ed Hardy CEO Hubert Guez, lowered the asking price to $23.9 million.
The buyer has been identified as Steven Mayer, a senior managing director for Cerberus Capital Management. The 17,000-square-foot property has as seven bedrooms and thirteen bathrooms, and it boasts amenities like a theater, elevator, gym, pool, wine cellar, and a stunning guest house.
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