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Celebrity Real Estate: Stars Making A Mint Off Real Estate


Reports of declining home values, price cuts and foreclosures dominate the headlines — even in the world of celebrity real estate. But, there are some celebrities who not only sold their homes in a down market, but pocketed substantial profits from the ...

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Story courtesy of ZILLOW

By Lauren Riefflin Reports of declining home values, price cuts and foreclosures dominate the headlines — even in the world of celebrity real estate

But, there are some celebrities who not only sold their homes in a down market, but pocketed substantial profits from the sales

Plus, we sprinkled in a few that stand to make a profit, compared to their purchase price

Take a look: Celebrity Real Estate: Stars Making A Mint Off Real Estate Celebrities Making A Mint Celebrities Making A Mint 1 / 7 Dennis Quaid For sale: <a href="http://www.zillow.com/homedetails/14223-Evans-Rd-Pacific-Palisades-CA-90272/2127460714_zpid/" target="_hplink">14223 Evans Rd, Pacific Palisades, CA</a> Purchase Price: $1,830,000 Listing Price: $16,900,000 Potential Profit: $15,070,000 Actor <a href="http://www.imdb.com/name/nm0000598/" target="_hplink">Dennis Quaid</a> has a lot to celebrate as he turns 57 (birthday is April 9)

First, he is among acting's elite A-list, is happily married, and is also in the process of <a href="http://www.zillow.com/blog/2011-03-15/dennis-quaid-lists-equestrian-estate-for-16-9-million/" target="_hplink">selling his massive equestrian estate</a> for a huge profit

According to public records, Quaid purchased the 2-acre Pacific Palisades property in 1999 for a reported $1,830,000

After a series of renovations, Quaid transformed the quaint property into a luxurious equestrian retreat featuring a French country-style main house, a guest house, studio, barn, and corral

Quaid's equestrian estate hit the Pacific Palisades real estate market last month for $16.9 million - an 823.5% price increase from his purchase price back in '99. See more photos of <a href="http://www.zillow.com/homedetails/14223-Evans-Rd-Pacific-Palisades-CA-90272/2127460714_zpid/" target="_hplink">Dennis Quaid's equestrian estate</a> Download Anna Almendrala Healthy Living Editor
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