John Mayer’s List Price $425,000 Less Than Purchase Price – Real Estate Market Stats, Celebrity Real Estate

Heads up, LA buyers and celebrity watchers: John Mayer’s home is a hot, new addition to the real estate market — just three days old!

This tip comes from RealEstalker, whose case of insomnia generated the news that Mr. Mayer’s home in Pacific Palisades, CA is on the market for $1,325,000. According to Zillow’s Price History Chart, we also see that Mayer purchased the property in 2006 for $1,750,000, so he is already taking at least a $425,000 loss right out of the gate.

Located near the end of a cul-de-sac in the lower Palisades Highlands neighborhood, Mayer’s gated two-story home backs onto undeveloped, treed land and measures 3,648 sq ft and contains 4 bedrooms and 2.5 bathrooms.

The seven-time Grammy winner has rapidly developed a reputation as a man who has no shortage of opinions or girlfriends.  Mayer reportedly moved out of this home last year.

Another Celebrity taking a Real estate loss right here in Pacific Palisades.

Posted on Santa Monica Real Estate – Santa Monica Homes For Sale

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