A 14-acre estate formerly belonging to pop icon Cher and comedian-actor Eddie Murphy has been relisted for $68 million, a $17 million price chop from when it was first marketed in 2016.
Vicky Walters, widow of prominent real estate developer Raul Walters, is selling the sprawling compound in the Beverly Hills Post Office, the not-so-anonymous blog Yolanda’s Little Black Book reported.
The Midwestern couple expanded the 20,000-square-foot main home to include a 7,000-square-foot guesthouse, a seven-stall horse stable, hiking trails, staff quarters and tennis court.
Walters purchased the home from a Mexican businessman named Roberto Trouyet in 1997 for $6.4 million.
That was a few decades after Cher, fresh from her divorce with Sonny Bono, built the original home on a 4-acre parcel. The entertainer reportedly commissioned a 10,000-square-foot Egyptian-themed home, complete with six bedrooms, six bathrooms, and a retractable glass roof.
She later sold it to Eddie Murphy for $5.9 million in 1988.
Josh and Matt Altman of Douglas Elliman have the listing.
Walters, who actually resides in the Century, a luxury condominium tower, listed the home in June 2016 for $85 million.
Earlier this month, a Los Angeles Times investigation revealed that James McClain, a former Compass finance manager, was the person writing the Yolanda real estate blog. [Yolanda] — Natalie Hoberman