$175,000 Loss: Harry Styles Lowers Price Of Hollywood Hills Mansion Again

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    May 8, 2019, 7:36 am768 ptsHot

    Harry Styles, former star of One Direction, may have experienced massive success at a young age, but he sure is facing a hard time on the housing market. The English Dunkirk actor has been forced to slash the price of his Hollywood Hills mansion after struggling for two years to find a buyer. The mansion is now on sale for $6.695 million - a drop from the initial asking price of $8.495 million in May 2017, which was eventually lowered to $7.995 million and then again to $7.495 million. Styles initially bought the property for $6.87 million in January 2016 through a limited liability company connected to his business manager. In total, Styles is facing a total $175,000 loss. Top real estate agents Kurt Rappaport and Carl Gambino of Westside Estate Agency hold the listing.


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    High-end LA living

    The hilltop property is hidden down a narrow, winding cul-de-sac just above the famous Sunset Strip, where it sits behind a dense bamboo hedge, large driveway gate, and extensive security system. For home buyers able to afford the purchase, this luxury listing spans 4,401-square-feet and has over two stories, four bedrooms, and five bathrooms. A large terrace, which leads out from the living and dining area on the main floor, gives way to beautiful, sweeping views over LA. Notably, the kitchen showcases a stylish black-and-white color palette with sleek black countertops and contrasting white cabinetry. You'll also find a fully-equipped gym and a home movie theatre complete with purple walls, cutting-edge wide-screen projection system, and large, comfortable sofas. And if that wasn't enough, the mansion features an outdoor bathroom, lounge area, swimming pool, and spa - as well as a quarter of an acre of land. Styles has reportedly spent somewhere in the range of hundreds of thousands of dollars on improvements to the property, such as, installing dramatic floor-to-ceiling windows, an integrated sound system throughout the home, and glamorous white flooring throughout the living and dining areas.

    Styles' past real estate endeavors in Beverly Hills

    Back in 2014, Styles paid a cool $4 million for a lavish Beverly Hills mansionlocated in a celebrity-studded area and next door to Channing and Jenna Dewan Tatum. The modern 3,000-square-foot home boasted five bedrooms, three bathrooms, and an outdoor saltwater pool. But, unluckily, Styles failed to make a profit on the property. It sold for only $3.175 million in 2016, resulting in a devastating $825,000 loss. And that's not including holding costs, real estate fees, and renovation expenses. Ouch.

    So, it appears Styles doesn't have the best track record when it comes to real estate. But, to put things in perspective, the net worth of this pop music superstar is currently estimated at $75 million. Styles is also the owner of a three-story home in Hampstead Heath, London, as well as a three-bedroom condo in New York's Tribeca neighborhood worth $8.7 million. It's safe to say he's not hurting too badly.


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