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Celebrity Real Estate: Another former Britney Spears Rental Available in Calabasas

[Update November 02, 2012]: This home sold for $5.4 million on October 19, 2012 which was $599,000 less than the original price which was completed in roughly 10 months time. However, that doesnt include the previous listings which was originally listed in 2009 for $9.9 million. So this home has been sold for half the original price since 2009. Thats a massive drop!

[Original Post]:

I know I am about 6 months late in reporting this but felt the need to write about it since this is regarding the one and only Britney Spears. Her former Calabasas rental in the super exclusive and well guarded The Estates at the Oaks is currently available located at 25305 Prado De Los Suenos (property website). This property was last purchased on November 12, 2003 for $1,170,011 which I am guessing was a land purchase since the home was built in 2007. Since 2009 the current owners Jose and Regina Leon have been trying to offload with an initial price tag of $9.9 million which has slowly crawled down to a reduced price tag of $5.7 million or close to 50% less. This home was also featured in the Wall Street Journal back on November 18, 2011 regarding mansions and luxury estates hitting the auction block. Somehow the auction idea didnt pan out which started with a $4.5 million bid as the home has been sitting on the market ever since. 

Britney Spears rented this home sometime in late 2008 or early 2009 which didnt last too long as she moved on to a Hidden Hills rental owned by Ron Tutor sometime in early 2011 for $25,000/month which I discussed here and also includes a brief overview of the many homes she has either owned or leased in addition to an excellent overview worth reading by Your Mama at the Realestalker back on March 8, 2012. She eventually moved out of the Hidden Hills home in late 2011 for a mansion in the Sherwood County Club area of Thousand Oaks that she is currently leasing to the tune of $25,000/month. So back in March 2012, the real estate market was flooded with former Britney Spears homes consisting of: 
  1. Malibu home in the Serra Retreat area that was shared with K-Fed currently available for $13.5 million that was sold by Britney in August 2007 for $10 million to the current sellers. 
  2. Beverly Hills home in the Summit where Britney mentally broke down that was a probate sale and sold on May 11, 2012 for either $4,253,000 or $2,126,500 representing a significant loss from the original purchase price by Britney on January 2007 for $6.75 million.
  3. The Calabasas rental discussed in this post. 
  4. Hidden Hills rental owned by Ron Tutor currently available for $9,995,000 which was discussed here.   
Malibu image courtesy Re/Max Olson; BH Summit image courtesy Prudential CA; Calabasas Image courtesy Ewing I.R.; HH image courtesy Partners Trust Brentwood
According to the listing, this home measures 6 Beds/7 Baths on 9,211 sqft on a total lot size of 1.2 acres built in 2007:
Lavish & lovely French Chateau on one of the finest view sites in The Estates! Authentically designed around spectacular Interior Courtyard with Antique Limestone Fountain & cast stone fireplace, this remarkable Custom Estate offers the finest imported finishes. Amenities include State of the Art Theatre, True Wine Cellar, Elevator, Grand Master Suite, Full Guest House, Garage with underground Auto Lift, Beautifully Landscaped Grounds & Sparkling Pool with Mosaic-tiled Infinity Spa.

Images courtesy Ewing Sothebys I.R. 
This area has been in the news lately as Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million. And not too far away is El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced prices of $6.8 million

Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker,  James Wilson's massive ranch, and Brad Wilk of Rage Against the Machine to name a few. 

You can view more SFV celebrity real estate here

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Marty Mcfly

Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.

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