Michael Jackson’s home sells for less

The final home of the King of Pop
has been sold, four years after first being listed. The mansion where Michael
Jackson met a premature death was originally put on the market for $38.5 million
(£24.1 million) in 2008 and has sold four years later for less than half the
asking price.

Keep reading to find out more
about this luxury Holmby Hills property.

1.3 acre mansion finally sells for $20 million below the asking price

The French Chateau-style mansion
where Michael Jackson met his end has been finally sold for $18.1 million
(£11.3 million). The LA Times reports
that the buyer is Steven Mayer, a senior managing director for Cerberus Capital
Management. Mr Mayer bought the property from seller Hubert Guez, the chief
executive of designer clothing label Ed Hardy.

The 17,000-square-foot property
was designed by Richard Landry and built in 2002. It boasts a cinema, elevator,
gym, pool, wine cellar, and a stunning guest house.

Jackson rented the property in
2009 while preparing for his residency at London’s O2 Arena. Concert promoter
AEG leased the Holmby Hills property for $100,000 (£62,565) a month for
Jackson, who overdosed on Propofol in one of the property’s seven bedrooms back
in June 2009. Jackson had been living at the property with his three children,
Prince Michael, 15, Paris, 14, and Blanket, 10.

The 50-year-old pop megastar had
spent six months in the 1.3-acre mansion while holding rehearsals for his This Is It concerts at the Staples Centre
in downtown Los Angeles. The tour – described by Jackson as his ‘final curtain
call’ – was due to begin just weeks after his death.

Jackson’s doctor, Conrad Murray,
was later found guilty of involuntary manslaughter and sentenced to four years
in prison.