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Britney Slashes Price on Malibu Mansion

4/5/2007 4:08 PM PDT BY TMZ STAFF

Sources tell TMZ that Britney Spears and Kevin Federline are so desperate to finish their financial ties, that they've slashed more than one million dollars off the asking price of their Malibu mansion.
Click to view photos!
The 9,200-square foot Serra Retreat abode -- complete with seven bedrooms, a dance/workout room and a recording studio -- originally hit the market with a bouncy $13.5 million price tag, but last week the asking price suddenly dropped to a mere $11.999 mil. The listing appears on the Coldwell Banker website, but without mention of Spears.

Reports say that Brit and the Fed-Ex will split the proceeds -- but even at the reduced price, there have been no offers. Perhaps their realtor should talk to Conan O'Brien.

31 COMMENTS

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1.

He's Boring now    

Nice to know the real estate slowdown that has hit nearly all of American households makes it impact felt to the Hollyweirdos too. Come On Brit, that thing aint worth anywhere near 11.9m. Good Luck and hope some stalker who has a big stash buys it up cause, well, nothings moving too quickly right now for any of us honey.

2695 days ago
2.

Your'e Fired!    

.....................Disinfect EVERYTHING!!!!!...........................

2695 days ago
3.

antiAMERICAN IDOL    

MAYBE GOING FOR BROKE....

2695 days ago
4.

Britchick    

Good..................thats $500.000 less for K-fed!

2695 days ago
5.

Claya_Hata    

It's probably infected with a whole bucha nasty STDs

2695 days ago
6.

ann    

She should sell it for a dollar. She doesn't need the money. Kevin gets half of that. I laugh.

2695 days ago
7.

CHRISTAL    

YOU GUYS HAVE NOTHING BETTER DO !!! U MUST BE PERFECT HAHA...GOOD LUCK BRITT

2695 days ago
8.

imakemistakes    

Britney, Riverside is calling your name.

2695 days ago
9.

cleveland1    

last nite i heard that k fed got more than 1 million in the divorce settlement. did anyone else hear this?

2695 days ago
10.

no fan    

Still asking too much for what the house represented. Kevin is better off.

2695 days ago
11.

Your'e Fired!    

......................Oh Yes! I bought the Appalachian Plantation, Oh, The has
been SLUTS house!!! Yes, Britney Federline's..................

2695 days ago
12.

Marla    

Yes, its reported on www.intouchweekly.com that Kevin will get nearly $17 mil by the time its all said & done.

2695 days ago
13.

Gloria Picchetti    

If Britney donates her home to a children's hospital for out of town parents of children who need hospital care in the area she will receive a tax benefit.
Some of those places are Ronald McDonald Homes. Paul Neuman has camps for sick children. Maybe St Judes or Make a Wish could use the place. The neighbors cannot really complain as it's not as if it would be a battered womens' safe house with felons driving around looking for their poor wives and girlfriends they have abused.
Kevin should not complain as he is pretty much set up for life or at least until the youngest child is 18.

2695 days ago
14.

BET    

Here's a sweet aerial view of Brit's house: http://www.birdseyetourist.com/?p=1393

2695 days ago
15.

Your'e Fired!    

......Next step will be, Britney will hire this Lin Wood guy to help her sue the tabloids, and news media, and who ever else says a bad thing about her....Boo Hoo!!!! SKANK!!!

2695 days ago
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