Real Estate News | Celebrity Property
Sheryl Crow Can't Sell L.A. Compound
By WPC Celebrity Team | July 22, 2013 2:51 PM ET
Grammy-winning singer Sheryl Crow has no problem selling records, but she seems out of tune with the Los Angeles property market. Ms. Crow first listed her compound last October for $15.95 million and reduced it in January by $2 million. With no buyers in sight, a few days ago she cut the price by another $1 million, offering the estate for $12.5 million.
The compound consists of three historical homes, built at the turn of the century, sitting on 10 acres above the center of Hollywood. The four-bedroom, 3.5-bath main house has been remodeled and restored. It has a wrought iron staircase, Spanish-tiled living room, wine cellar and "quaint" music room," according to the listing.
The property also includes a four-bedroom, three-bath Craftsman-style home built in 1909 and a three-bedroom, two-bath cottage with authentic fixtures from 1885.
Outside, there is a pergola with a stone fireplace, a Brazilian Ironwood bridge that leads to hiking trails, a tee pee, campsite, playground and a resort-style infinity pool.
The "All I Wanna Do" singer purchased the property under the name "Grand Beach Trust" in two separate transactions in 1998, according to Real Estalker. But she has since refinanced the property under her own name.