Beverly Hills compound once owned by Cher and Eddie Murphy gets a big price chop

"The sprawling estate was originally built for Cher, who lived there about a decade before selling it to Murphy in 1988 for $6.3 million. Spanning 14 acres, the impressive estate has a combined 32,000 square feet of living space, a sunken tennis court pavilion, a cabana and a swimming pool. Ivy and flowers dot the grounds, which are well equipped for equestrians."

"The main house, though unfinished, measures roughly 20,000 square feet and holds the majority of the property's 11 bedrooms and 17 bathrooms. An atrium, a movie theater, a gym and maid's quarters are among amenities. A stone-clad guesthouse, which features arched windows, tiles and hand-carved doors, adds 7,000 square feet more of living space."

"An equestrian compound that counts both stars as former owners has returned to market at $48 million. That's a considerable discount from when the five-acre estate first listed two years ago for $85 million. More recently, it was priced at $69.995 million, records show."

A prestigious Beverly Hills equestrian compound with a storied celebrity ownership history has returned to market at $48 million, representing a significant price reduction from its original $85 million listing two years prior. The five-acre estate was originally built for Cher in the 1960s, who owned it for approximately a decade before selling it to Eddie Murphy in 1988 for $6.3 million. The sprawling 14-acre property features 32,000 square feet of combined living space across a main house and guesthouse, with 11 bedrooms and 17 bathrooms. Amenities include a sunken tennis court pavilion, swimming pool, cabana, movie theater, gym, and extensive equestrian facilities including five stables and two riding rings. The listing is held by Joshua and Matt Altman of Douglas Elliman.

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