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Tuesday, June 14, 2016

LA estate once owned by Cher, Eddie Murphy up for sale

A Beverly Hills mansion once home to Hollywood stars Cher and Eddie Murphy has gone on the market for an eye-watering $85 million. Horse lovers could be tempted: it comes with its own equestrian facilities.

The sprawling 16-acre Los Angeles gated estate includes a 20,000 sq ft main house and 7,000 sq ft guest house in the grounds.

 Cher owned the pad in the 1980s before selling to Beverly Hills Cop star Murphy for just six or seven million dollars.

The main house is currently in the middle of being renovated. According to the Wall St Journal, real estate developer Raul Walters and wife Vicki began the refit but it stalled following his death in 2009.

Eddie Murphy lived in the mansion until 1995. Vicki Walters has moved out leaving the main house needing kitchens and bathrooms, according to Aaron Kirman, from John Aaroe Group, the agent handling the sale.

"The unparalleled privacy and acreage in Beverly Hills combined with the equestrian component and riding trails makes this a unique opportunity for a buyer looking to own a true trophy estate," said Mr Kirman.

The home also has tennis court, swimming pool and its own hiking and riding trails.

The current owners bought four neighboring parcels of land to develop the site into a full equestrian experience and expanded the guest houses on the estate.

A Moroccan-style two-storey second house features its own spa, sauna and hot tub. There is also an additional two-bedroom stable house.

What are you waiting for?  You said you wanted to buy up.

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