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Housing Bubble? Paris Hilton Selling Her House For $4.25 Million

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matcom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 10:55 AM
Original message
Housing Bubble? Paris Hilton Selling Her House For $4.25 Million
<snip>

Paris Hilton wants more privacy. The celebrity socialite has put her Los Angeles home on the market for $4.25 million.

Arguably one of the most closely watched people in the world, Ms. Hilton wants to buy a larger home in a gated community or, at least, one with a long gated driveway, according to her aunt and informal spokeswoman, Kyle Richards. Her current house measures about 3,000 square feet on a 7,000-square-foot lot, modest by Los Angeles celebrity standards.

Last month, Ms. Hilton's Spanish-style home in the Hollywood Hills was the scene of an international media storm related to the 26-year-old hotel heiress's 23-day incarceration in an L.A. jail; Ms. Hilton was sentenced for violating her probation connected to a previous alcohol-related reckless-driving charge. Hundreds of reporters crowded the neighborhood and helicopters buzzed overhead to chronicle the tearful socialite's trip to and from jail. The 24-hour-a-day spectacle upset neighbors and prompted the city to redesignate nearby streets as no-stopping zones.

Ms. Hilton bought the four-bedroom residence in 2004 for about $2.9 million, during the second season of her reality show, "The Simple Life." She redecorated the interior in black and white and transformed one bedroom into a walk-in closet and another into a security control room. She made over the family room with beaded walls and added a modern audio/visual system throughout the house as well as extra security features. Built in 1926, the property includes a pool, a Jacuzzi and a waterfall.

http://online.wsj.com/public/article/SB118548547768679432.html?mod=blog
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matcom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 11:27 AM
Response to Original message
1. kick to move Hilton up next to Richie
:D
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 11:29 AM
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2. In this market, who'd want to buy it? More amusingly, who would want that trash?
n/t
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AllegroRondo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 12:37 PM
Response to Reply #2
3. The market for $1million+ homes is actually UP
and pretty hot right now. While the lower end market is crashed.
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 12:41 PM
Response to Original message
4. I'm sure her neighbors will be happy.
Edited on Fri Jul-27-07 12:42 PM by ronnykmarshall
It's a nice house. But for someone as high profile as she is, it's not a good place to live. Not that I EVERY drove down her street a few times or took my mom last weekend by there.
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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-27-07 01:23 PM
Response to Original message
5. Housing bubble? Wouldn't that be "bubble(head) housing"?
:P
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