Eva Longoria, Scarlett Johansson and many more stars have experienced the wrath of a fluctuating housing market and suffered major losses while trying to sell their homes.
The housing market is nothing if not unpredictable so if you’re a celebrity juggling homes in several major cities, as many stars are, it is always a balancing act trying to figure out when is the best time to sell.
Most of these A-listers quickly bounced back from real estate flops, like Scarface actress Michelle Pfeiffer and her husband David E. Kelley who quickly made an over $3 million profit on a real estate deal shortly after losing over $1 million on a different house sale.
But other stars, by their own admission, were almost financially destroyed by some real estate deals that went wrong. Ghost Rider actor Nicolas Cage revealed in 2023 that he was left scrambling back from $6 million in the early 2010s after the global housing market collapse impacted his elaborate real estate portfolio.
But, despite all these real estate losses, these stars have continued to level up with luxury houses, apartments and, in some cases, entire compounds across the globe. So, we assume they are doing just fine!
See celebrities who have lost over $1 million on real estate deals over the years.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for VarietyEva Longoria
Eva Longoria suffered a $3.15 million loss when she sold her Los Angeles home in 2018.
The star first bought the two-house compound from Tom Cruise in 2015 for $11.4 million and originally listed it for $14 million befor it eventually sold for $8.25 million, according to People.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for VarietyEva Longoria
Eva Longoria suffered a $3.15 million loss when she sold her Los Angeles home in 2018.
Photo : Errich Petersen for SXSW Conference & FestivalsNicolas Cage
In 2009, Nicolas Cage was feeling the impacts of the crash in the property market when he sold his elaborate English castle at a $1.5 million loss.
The actor reportedly purchased the gothic castle for $6 million and sold it for $4.5 million at a time where he was rapidly selling off his vast real estate portfolio, per the Daily Mail.
In 2023, Cage admitted that his property investments briefly caused him to go into enormous debt. “I was over-invested in real estate. The real estate market crashed, and I couldn’t get out in time,” Cage told 60 Minutes. “I paid them all back, but it was about $6 million. I never filed for bankruptcy.”
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for VarietyEva Longoria
Eva Longoria suffered a $3.15 million loss when she sold her Los Angeles home in 2018.
The star first bought the two-house compound from Tom Cruise in 2015 for $11.4 million and originally listed it for $14 million befor it eventually sold for $8.25 million, according to People.
Photo : Errich Petersen for SXSW Conference & FestivalsNicolas Cage
In 2009, Nicolas Cage was feeling the impacts of the crash in the property market when he sold his elaborate English castle at a $1.5 million loss.
The actor reportedly purchased the gothic castle for $6 million and sold it for $4.5 million at a time where he was rapidly selling off his vast real estate portfolio, per the Daily Mail.
In 2023, Cage admitted that his property investments briefly caused him to go into enormous debt. “I was over-invested in real estate. The real estate market crashed, and I couldn’t get out in time,” Cage told 60 Minutes. “I paid them all back, but it was about $6 million. I never filed for bankruptcy.”
Photo : Michael Buckner/Variety via Getty ImagesAdele
After splitting from ex-husband Simon Konecki in 2018, Adele lost $1 million when she sold the UK house she shared with her ex in 2020.
The singer purchased the house for $4 million in 2018, according to the Daily Mail.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for VarietyEva Longoria
Eva Longoria suffered a $3.15 million loss when she sold her Los Angeles home in 2018.
The star first bought the two-house compound from Tom Cruise in 2015 for $11.4 million and originally listed it for $14 million befor it eventually sold for $8.25 million, according to People.
Photo : Errich Petersen for SXSW Conference & FestivalsNicolas Cage
In 2009, Nicolas Cage was feeling the impacts of the crash in the property market when he sold his elaborate English castle at a $1.5 million loss.
The actor reportedly purchased the gothic castle for $6 million and sold it for $4.5 million at a time where he was rapidly selling off his vast real estate portfolio, per the Daily Mail.
In 2023, Cage admitted that his property investments briefly caused him to go into enormous debt. “I was over-invested in real estate. The real estate market crashed, and I couldn’t get out in time,” Cage told 60 Minutes. “I paid them all back, but it was about $6 million. I never filed for bankruptcy.”
Photo : Michael Buckner/Variety via Getty ImagesAdele
After splitting from ex-husband Simon Konecki in 2018, Adele lost $1 million when she sold the UK house she shared with her ex in 2020.
The singer purchased the house for $4 million in 2018, according to the Daily Mail.
Photo : Gilbert Flores for VarietySandra Bullock
In 2022, Sandra Bullock lost a lot of money in an off-market deal when she sold a condo in West Hollywood’s Sierra Towers to Joker director Todd Phillips.
The Oscar winner paid $5.1 million for it in 2017 and sold it for $3.6 million, making for a $1.5 million loss.
Photo : Christopher Polk for BillboardCeline Dion
Celine Dion took a major hit when she sold her Florida mansion in 2017. The star listed her oceanfront property for $72 million in 2013, after investing millions of dollars in a renovation.
The 20,000-square-foot estate in Jupiter Island, which was complete with 13 bedrooms and its own waterpark, was sold for $28 million.
Photo : Christopher Polk for VarietyMichelle Pfeiffer & David E. Kelley
Michelle Pfeiffer and David E. Kelley have been at the center of several high-profile real estate deals with very mixed success.
They incurred a $1.2 million loss when they sold one of their Pacific Palisades houses for $6.5 million in 2022 after purchasing it for $5.3 million in 2018.
However, on the flipside, they did snap up a $22.25 million house in 2020, and then quickly sold for $25 million the next year.
Photo : Christopher Polk for VarietyEva Longoria
Eva Longoria suffered a $3.15 million loss when she sold her Los Angeles home in 2018.
The star first bought the two-house compound from Tom Cruise in 2015 for $11.4 million and originally listed it for $14 million befor it eventually sold for $8.25 million, according to People.
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