By Camille Salama, Zillow
You might think celebrities are immune to the pains of a troubled real estate market, but they face the same frustrations selling their homes as the rest of us. After several months on the California real estate market and a few price cuts, Elijah Wood, Penelope Cruz and Anna Kournikova have finally shed their multimillion dollar homes.
Elijah Wood's home
Listing price: $1,850,000
Sold price: $1,759,000
"The Lord of the Rings" star recently sold his Santa Monica home for $1.759 million. The 2,130-square foot home, which was listed as an opportunity to remodel, hit the Santa Monica real estate market this summer with an asking price of $1.85 million. Wood's home is a classic 1920s Spanish-style bungalow with a wood-burning fireplace and hardwood floors as well as a Victorian-style front door and British brewery cast-iron tiles in the foyer.
Anna Kournikova's home
Listing price: $9,400,000
Sold price: $7,400,000
Russian tennis player Anna Kournikova recently let go of her Miami Beach estate for two million dollars less than her original asking price. Her beach home sits on a waterfront lot on the luxurious and private Sunset Island, an area of Florida preferred by many celebs, including her longtime singer boyfriend Enrique Iglesias as well as rocker Lenny Kravitz. The 6,630-square foot Mediterranean-style house is within the gated community on the island and features 150 feet of frontage on the Intracoastal Waterway, as well as a large dock. Although the home surprisingly doesn't include a tennis court, it does boast some impressive amenities including a two-story guest house, sauna, large heated pool and Jacuzzi surrounded by a coral rock pool deck and a covered dining area “perfect for outdoor entertaining.”
Listing price: $3,695,000
Sale price: $2,888,000
This past December, Academy Award-winning actress Penelope Cruz finally said "adios" to her 3,334-square foot mansion for $2.88 million. The property had been on the market for more than a year and records show that the final price was $807,000 less than Cruz originally sought and $250,000 less than what she bought it for back in 2005. The three-bedroom, two-bathroom Balinese-modern style home was built in 1956, and as since been completely updated by the star and husband Javier Bardem. The unique piece of Hollywood Hills real estate is tucked in a cul-de-sac near Sunset Strip and features high ceilings, carved-wood doors, private courtyard, bamboo floors, and an in-ground heated pool with a luxurious tented cabana.
See more photos of Penelope Cruz's home