Wednesday, July 23, 2008

Real Estate Market Hits Tennis Stars

The rich and famous aren't immune from the housing mess.  Of course not many have had to hit the pavement yet, but still, I'm sure Pete Sampras never imagined having to shave two million off the $25 million sale price to move his English tudor in L.A. The 10,000 square foot house has five bedrooms and twelve bathrooms. Twelve bathrooms are ideal for those of us who hate to clean the bathroom. The LA Times has no info on where he's moving. Pics here

Meanwhile, Andre Agassi and Steffi Graf have pulled out of their plans to invest in a new resort in central Idaho. Tennis Magazine cited market conditions and litigation as the reason the doubles team is cutting their losses. The Tamarack resort was slated to be a four-season resort with property starting at $450,000. Development of its ski and leisure areas planned for a measly $1.5 billion. A spokesperson for Agassi Graf Development said the pair still hope to do business in the area in the future.

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