By Ruth Manuel-Logan on Aug 5th 2010 4:59PM
Filed under: News
The house where King of Pop Michael Jackson lived with his three children before his untimely demise last year is up for sale.
The property is located in California's Holmby Hills, which is one of this country's most priciest and exclusive neighborhoods. Celebs like Hugh Hefner, Cher and Barbra Streisand have also called this west Los Angeles area home.
Jackson's former property is a gated 17,000-square-foot French-château-style mansion that sits on 1.26 acres of land. The home also boasts seven bedrooms, 13 toilets and 12 fireplaces as well as a gym, screening room, guest house, elevator, spa facilities, a seven-car garage and a wine cellar complete with a tasting room.
The mega entertainer rented the home for $100,000 a month while he prepared for the "This is It" tour, which unfortunately never took place.
Owner Herbert Guez, a chief executive at Ed Hardy, a clothing line, put the house up for sale in 2008 at $38 million. Since Jackson's death, though, Guez has lowered the asking price of the mansion to $29 million.
If you have any plans to check out the estate just out of curiosity, think again. If you're an interested buyer you will have to go through a rigorous pre-qualifying check before even being allowed inside.
The Holmby Hills property is not the only one making news these days: Famed Neverland Ranch, where Jackson spent most of his happiest years, could become a memorial park.
Mounting debts and negative press forced Jackson to relinquish his fairytale-like property in 2008. Last month, state assemblyman Mike Davis revealed plans to apply for backing from the California state Senate to transform Neverland into a booming venture that would attract visitors from all over the globe.
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