Elle Macpherson has slashed the price of her Florida mansion for the second time to $22 million, knocking $7 million off the original asking price in a bid to finally offload the property two years after first putting it up for sale. time.
The Australian supermodel, 60, is keen to move up from the Normandy-inspired six-bedroom home she bought in 2018 as she feels now is the right time as her two children have left the nest.
The property, located on the gated Journeys End Estates in Coral Gables, was first listed in April 2022 for $29 million.
He then lowered the price to $27 million in December, before cutting it a second time to $22 million in March 2023.
Elle Macpherson has reduced the price of her Florida mansion for the second time to $22 million, knocking $7 million off the original asking price.
The Australian supermodel, 60, is keen to move up from the Normandy-inspired six-bedroom home she bought in 2018 as she feels now is the right time as her two children have left the nest.
The property, located on the gated Journeys End Estates in Coral Gables, was first listed for sale in April 2022 for $29 million, before being reduced to $27 million eight months later.
She then lowered the price again in April 2023, taking it off the market but then listing again and is now eager to find a buyer.
Unable to sell the two-story property, he delisted it in September, before relisting it the following month.
But despite two price drops, Macpherson has not made any sales.
The supermodel, who was born in Australia before moving to New York in the 1980s, bought the mansion in 2018 for $8.1 million and made it her home after moving from London with her family.
She reportedly wasn’t sure how much she wanted to sell for when she first listed it for sale in 2022, but now that her sons Flyn, 26, and Cy, 21, are completely independent and have moved away, she’s ready to drive a sale. .
“She was a little less motivated to sell in 2022,” a friend of the model exclusively told DailyMail.com. ‘She loves the house very much and received offers at the time, but she wasn’t ready to let it go.
“But now that their children are older and living alone, it seems like the right time.”
They added: “Her current travel schedule also takes her outside of Florida for most of the year.”
Macpherson, who is dating musician Doyle Bramhall II, shares her children with her ex Arpad Busson.
A friend of the model said she was interested in 2022, but did not feel ready to sell the property.
The friend said: “Now that her children are older and living alone, it seems like the right time.”
At $22 million, Macpherson is asking $3 million more than the average price in the neighborhood, which is around $19.14 million.
Journeys End Estates recently replaced regions of California and New York for the most expensive homes in the United States.
Celebrities such as Pharrell and Jennifer Lopez’s exes, Alex Rodríguez and Marc Anthony, bought properties in the luxurious region before the pandemic.
The palatial 8,314-square-foot Macpherson home features six bedrooms, including a large master suite with two walk-in closets, as well as six bathrooms and a powder room.
There is a large living room and entertainment area, dining room and chef’s kitchen with marble countertops, as well as a separate office space and a library.
The walls are adorned with artwork by Damien Hirst, John Wesley, Andy Warhol and Jean-Michel Basquiat, among others.
The outdoor space features a large saltwater pool and a relaxing lounge area surrounded by extensive, manicured gardens with oak, lemon, orange and mango trees.
There is also a private dock and tennis courts for use by Journeys End Estates residents.
Celebrities such as Pharrell and Jennifer Lopez’s exes, Alex Rodríguez and Marc Anthony, bought properties in the luxurious region before the pandemic.
The palatial 8,314-square-foot Macpherson home features six bedrooms, including a large master suite with two walk-in closets, as well as six bathrooms and a powder room.
Macpherson hired Sawyer, New York City-based architecture, interiors and landscaping firm AD100 | Berson about purchasing the property, which had previously been renovated in 2017 by Miami-based architect Chad Oppenheim.
House-proud Macpherson previously spoke to Architectural Digest about her decision to buy the mansion and revealed it wasn’t what she initially wanted.
“This place is very different from what I had in mind, but I believe in having an open heart and mind in life, and this space and location seemed perfect to me,” she told the publication in 2019.
‘I wanted the house to look simple, eclectic and fun, without pretensions. But he still had to feel considered. Less is more, but it can also be more challenging. It requires discipline and editing.
Known as the “girl next door” figure since her beginnings in the 1980s, Macpherson became part of the new generation of supermodels alongside Naomi Campbell, Linda Evangelista and Cindy Crawford, among others, landing covers of Vogue and parading for people like Louis. Vuitton and Ralph Lauren.
In March, she walked for the first time in 14 years in Triumphant x PayPal Runway at the Melbourne Fashion Festival in Australia.
Lourdes Alatriste and Pablo Alfaro of Douglas Elliman have the listing.