5 Celebrity Homes That Won't Sell

NEW YORK ( TheStreet) -- Don't let improved housing numbers fool you: Even celebrities are having a tough time moving property in this market.

Existing home sales are up, existing housing prices are moving north and mortgage interest rates continue their dive below 4%. That's great for the average schmoe with a condo who just finished riding out the housing bust, but for folks hanging on to sprawling estates with more bathrooms than the average home has rooms, those 2000s displays of big-rimmed, bejeweled opulence just aren't coming back.

While mansion moving isn't nearly as difficult a task as it was at the peak of the housing market collapse, there are still some celebrities who can't unload their seven- to eight-figure homes. We thumbed through the listings and, with help from Zillow ( Z) and Trulia, found five celebrity homes that haven't budged despite price drops and multiple market postings:

50 Cent's Connecticut mansion
Asking price: $10 million

Former heavyweight champ Mike Tyson wasn't tight with a dollar, and the sprawling Farmington, Conn., estate he left behind is a testament to that spending.

Tyson pioneered hip-hop opulence in the 1980s, when he was crashing Bentleys in midtown Manhattan while most rappers were just trying to keep their sneakers clean. It's little surprise, then, that his home fell into the hands of rapper and Vitamin Water investor Curtis "50 Cent" Jackson, who bought the property from Tyson's ex-wife for $4.1 million in 2003.

The deep discount from the $25 million asking price allowed Jackson to spend $6 million renovating and repairing the mansion's entourage-friendly 21 bedrooms, 25 full bathrooms, eight-car garage, five fireplaces, two guest houses and one-acre koi pond. A 40-person hot tub and grotto, a nightclub with a 20-screen video wall and stripper poles and enough bathrooms that you never have to use the same toilet two days in a row have lost a bit of their appeal since.

The house first hit the market for $18.5 million in 2007. Its basketball and tennis courts, recording studio and indoor shooting range proved no match for the housing slump or the lawsuit that forced Jackson to take it off the market in 2009. He relisted it for $14.5 million the same year, but he's been getting impatient with the commute to New York and has cut the price of Tyson's '80s dream palace almost in half.

Christina Aguilera's Los Angeles perch
Asking price: Removed from market

As the blonde teen songstresses of the '90s continue their slow decline into the game show hosts of the 2010s, fate becomes increasingly less kind to folks such as Christina Aguilera.

The Voice host put her Hollywood Hills mansion on the market in April 2008 for $8 million. The gorgeous midcentury modern with "Jetliner views from downtown to the ocean," was then taken off the market and re-listed for $6.3 million in 2010. After Aguilera split from husband Jordan Bratman, the price was reduced to $6 million.

The then-new mother had a change of heart last year and yanked the home off the market, likely because there was little chance of her recouping the $5 million she dumped into the place. She's since found a home between Cee-Lo Green and the guy from Maroon 5 on The Voice's judges panel, but she's as stuck with her Malibu mansion as she is with terrible karaoke renditions of What A Girl Wants.

Mel Gibson's Malibu retreat
Asking price: Removed from market

It's been a long, crazy road for Mel Gibson since he first put this house on the market in March 2010.

He had just finalized a divorce with his wife Robyn and had a daughter with his mistress/girlfriend a year earlier. After the house went on the market, a recording of Gibson threatening said girlfriend got him dropped by his talent agency, hit with a restraining order by his girlfriend, accused of racism and anti-Semitism by civil rights groups and charged with misdemeanor battery.

As the drama unfolded, Gibson's nine-bedroom, 8.5-bath Malibu home dropped in price from $14.5 million to $12.8 million. Gibson dropped the price again in April 2011. By the time it was last removed from the market in November, the home's price had fallen to $11.8 million. Gibson's place isn't the only Malibu property having a hard time getting off this list, but it's the only that potential buyers seem to believe is in Crazytown.

Joey Lawrence's Encino crib
Asking price: Removed from market

If you wanted to get away from people incessantly chirping a decades-old catchphrase at you whenever you appeared in public, where would you go?

Former Gimmie A Break and Blossom actor Joey Lawrence fled to a classic Spanish estate in Encino, Calif., 18 years ago, but has been trapped there since listing the home for $3.2 million in January 2010. The six-bedroom, nine-and-a-half bath abode comes with a sprawling master suite, movie theater and multiple saunas, but its asking price has dropped several times in recent years. When it left the market in August, Lawrence's home was listed at $2.3 million. That's still better than the $1.2 million Lawrence spent on it in 1994, but a nearly $1million price cut? In the words of Mr. Lawrence, whoa.

Kurt Russell and Goldie Hawn's beach estate
Asking price: $9.950 million

Goldie Hawn and Kurt Russell show unusual commitment for a Hollywood couple. Not only have the actors been together for decades, but they've been renting this estate they bought back in the '80s for $95,000 a month rather than selling it.

In the summer of 2011, though, they lowered the monthly rent to $80,000 and put the property on the market for $14.8 million. Despite an ocean-view designer kitchen, a spa-inspired bath area, an oceanfront patio with covered outdoor living room and fireplace and a grass-covered fenced yard with a path across the sandy dunes, a detached two-room guest house with full bath and a three-car garage, the beachfront property hasn't sold.

The couple has since lowered the price by nearly $5 million, but there are still no takers. As much as these two love each other and American audiences love them, homebuyers aren't nearly as enamored with their beach home.

-- Written by Jason Notte in Boston.

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Jason Notte is a reporter for TheStreet. His writing has appeared in The New York Times, The Huffington Post, Esquire.com, Time Out New York, the Boston Herald, the Boston Phoenix, the Metro newspaper and the Colorado Springs Independent. He previously served as the political and global affairs editor for Metro U.S., layout editor for Boston Now, assistant news editor for the Herald News of West Paterson, N.J., editor of Go Out! Magazine in Hoboken, N.J., and copy editor and lifestyle editor at the Jersey Journal in Jersey City, N.J.

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