The elite one percent of the world has spent millions of dollars in their lifetime accumulating real estate, and these grand properties are truly mind-boggling. While you’d think people would live in the mansions that they buy, some people are so rich that they buy and forget about them. When you have access to unlimited wealth, you can simply point at any property that you want and you shall have it. However, some of these properties have been sitting in disuse for so long that they have dropped in value to the point that they’re practically worthless.
Mel Gibson’s Home
You would think that Mel Gibson’s spectacular summer vacation home in Malibu, California, would be a golden real estate goose, but you are mistaken. Its original price was at $14.5M in 2010, but since there were no takers, he dropped it to $12.8M, and by 2011, it hit its lowest point at $11.8 million. A decade later? Still, no takers.
Kurt Russell and Goldie Hawn’s Beach Mansion
In Malibu, California, couple Kurt Russell and Goldie Hawn’s beach mansion has been on the market since 2011 for a whopping $14.8 million! It’s still on the market today, but you can rent it out on Airbnb for $95,000 per month.