Cher's $42.5 million mansion off the coast of Miami Beach has officially hit the real estate market.
The pop superstar bought the stunning home for $1.5m in the mid-nineties and nearly tripled her money when she sold it for $4.35 million three years later.
In 1993, the Florida mansion was bought by Calvin Klein cofounder Barry K. Schwartz, and now, the current owners, James Eaton and his wife Cecily, are ready to sell the estate again to a lucky new owner. The couple purchased the home only three years ago for $17 million but now it has skyrocketed in price being sold for a shocking $42.2 million. It is unclear why the Eatons are interested in selling as the mansion is one of only 30 waterfront homes located on the exclusive island.
(Become Legendary / Dina Goldentayer)
Cher lived in the Florida mansion during the mid-nineties and nearly tripled her money after her investment (Become Legendary / Dina Goldentayer)Not only is Cher renowned in the entertainment world, but she is also known as one of Hollywood's most incredible home decorators and home flippers. Over the years Cher has developed an expansive real estate portfolio including gorgeous properties in Hawaii, California, New York, and Florida.
The lavish 12,450-square-foot Spanish-contemporary mansion has a massive six bedrooms, six bathrooms, and three half-bathrooms. Some highlights inside include a open floor plan with gorgeous floor-to-ceiling windows, a full home bar, marble countertops, a statement marble bath, a two-person central shower, top-floor studio, and a large private terrace.
Cher and partner 'not talking marriage' despite him gifting her big diamond ring
(Become Legendary / Dina Goldentayer)
The home has a fresh modern look with a clean white color throughout and light wood floors (Become Legendary / Dina Goldentayer)The home has a fresh white color throughout the interior coupled with light wood floors for a clean, modern look. Other amenities include a fitness center, media room, and expansive lounging space.
The famous property sits on two-thirds of an acre covered in tropical palm trees with a breathtaking unobscured view of the clear Florida water on Biscayne Bay. On the property there is also a 50-foot swimming pool, hot tub, cold plunge, sun deck, a sauna, a pool house, and a cabana bathroom.
(Become Legendary / Dina Goldentayer)The home is on La Gorce Island which is an exclusive gated community off the coast of Miami Beach that includes 30 homes and 24-hour security. Some other famous faces that own property on the luxurious island include Billy Joel, Lil Wayne, Dwayne Wade, and Chris Bosh. Famous nightlife, restaurants, and Florida's most beautiful beaches are also less than five miles away from the island.
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