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Pink sells Malibu mansion for $ 15 million | Entertainment News

Pink returned to the market just three months after purchasing the Malibu mansion.

The “Just Strike Pill” singer bought a luxury pad that was once owned by singer Barry Manilow for $ 13.7 million in June 2021 and is now demanding $ 15 million for a vast villa.

“It was fast. Just three months ago, at a seaside home along one of Malibu’s most popular streets, a whopping $ 13.7 million ($ 200,000 above the asking price!)” Pink captured the immediate incident of Celebrity Real. Estate Fickle, along with Lily Halfouche of the compass, returned the celebrity pedigree pad to the market and put a small sliver under $ 15 million in his wallet. I put it in. “

It’s not clear why a 42-year-old pop star married to Carey Hart is selling beach house so quickly, but it could be a move known as “flipping,” according to reports.

Flipping is a term used primarily in the United States and includes buying real estate for the purpose of selling it for profit almost immediately.

But if that’s true, the profit margin will be slim, at a asking price not much higher than what she originally paid.

According to the New York Post, Pink has not refurbished the property.

The house has a “turned-over” history, and Barry Manilow sold it to a professional hockey player for $ 5.45 million in 2012, making a profit of about $ 2.5 million.



Pink sells Malibu mansion for $ 15 million | Entertainment News

Source link Pink sells Malibu mansion for $ 15 million | Entertainment News

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