Weekly Top Ten Real Estate Hot List Tue: 10-23-2012
Regardless of his bad boy image from anger management problems, the one thing you have to say about Mel Gibson is that he has great taste in real estate. Mel has been investing in real estate over the years owning multiple properties in Malibu, Costa Rica, a private island in Fiji and more in Australia. Each time he places another on the market, our jaw drops to the floor. He has sensitive, earthy and glamorous leanings where nature is king and the house seems to curl in and out of cultivated jungles or other land formations of unusual natural beauty. No stranger to the thrill of the deal, he sold his 300-acre farm in Australia in 2004 for $6 million and in the same year, purchased Mago Island in Fiji for $15 million. In 2005 he sold his 45,000-acre Montana ranch to a neighbor. In 2007 he purchased a 400-acre Costa Rican ranch for $26 million and later that year sold his 76-acre Connecticut estate for a hefty $31 million profit. At the same time, he sold a Malibu property for an additional $6 million profit.
Lavender Hill Farm is the 9 bedroom - 9 bathroom home he shared with ex-wife Robyn in Malibu from 1989 until she filed for divorce in the spring of 2009. It was first listed a year later at $14.5 million, took a price cut to $11.75 million and sold for $9.26 million. There are three guest houses, pool, spa, tennis, detached media room, gym, orchards, offices and the 3 acre property is thick with tropical landscaping and a huge outdoor chess game.
Unlike all the real estate gossips belaboring that he took a loss from his asking price, we disagree. If it’s true that the Gibsons bought it for $3 million, they still walked away with more than $6 million in profit!