Rihanna may be winning on the music charts, recently logging her 11th number one single We Found Love, but, when it comes to real estate, she’s not faring so well. The singer, famous for her hit Umbrella, is selling the mansion at a massive $2.6 million loss, having paid $6.9 million for the 10 bedroom home two years ago.
The 8,520-square-foot, three-story contemporary built home includes a den, media room, breakfast area, three fireplaces, eight bedrooms and 10 bathrooms. The gated estate sits on more than three-quarters of an acre with a swimming pool.
Rihanna is suing the former owners, Heather Rudomin, who thoroughly remodeled the house in 2007 and 2008, and several other parties, alleging that the house was seriously leaky and became waterlogged after a moderate rainstorm in January 2010. The Barbados-born superstar claims that the home was poorly constructed and has had numerous of water leaks causing serious damage. She, and her legal team believe that the previous owner knew about the defects when Rihanna bought the property in 2009.
Although the home was previously described as a stunning, brand new development when Rihanna purchased it, the new listing doesn’t hide the property’s current description: Home is a MAJOR fixer with EXTENSIVE water intrusion (but not limited to) roof, windows, doors and balconies. There is EXTENSIVE damage from moisture AND water intrusion. The home is being sold strictly AS-IS and will be subject to a short-sale.
So if you don’t mind getting wet, Rihanna’s Beverly Hills Mansion are listed as a short sale for $4.5 million. John A. Woodward of Coldwell Banker’s Beverly Hills north office and John Galich of Rodeo Realty share the listing agents.