The former rental home of Britney Spears is going up for sale at an auction. The home is located in Calabasas, California, and will be going up on the auction block this week. Spears rented the home for two years and during that time made $700,000.00 in upgrades.
The home is called The Chateau Suenos, and sits on one acre of land. Owner, Jose “Pancho” Leon had tried selling the home earlier in the year at a list price of 10.8 million dollars but didn’t receive a single offer.
Now at auction the starting bid will be 4.499 million dollars, which doesn’t even match half of the original asking price. Leon was confirming at that price the home was not in foreclosure. “I know that I’ll be selling at a loss but I want to move on,” Leon says.
The seven bedroom, seven bath home was built in 2007. The home includes a home theatre, a wine cellar, and maid quarters. The home also features a guest house, pool and mosaic tile infinity spa with a subterranean garage that comes equipped with two hydraulic car lifts. According to the Business Insider, the home is 10,300 square-feet.
The home is also considered to be “paparazzi proof” as it sits behind a gated community called “The Oaks.” Visitors would have to pass through two security gates just to reach the home. It is one of the most attractive features at the time of Britney Spears’ stay.
Britney Spears began performing as a child, landing acting roles in stage productions and television shows. She signed with Jive Records in 1997 and released her debut album …Baby One More Time in 1999. During her first decade within the music industry, she became a prominent figure in mainstream popular music and popular culture, followed by a much-publicized personal life. Her initial two albums established her as a pop icon and broke sales records, while title tracks “Baby One More Time” and “Oops!… I Did It Again” became international number-one hits. Spears was credited with influencing the revival of teen pop during the late 1990s.