Multimillion-Dollar Short Sales

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Short sales are a popular option for homebuyers right now because they're cheap. Well, cheaper than regular non-distressed properties. We recently brought you the 10 best cities to buy short sales, where they sold at an average of 23 percent below market rate. There were three times as many short sales as sales of foreclosed homes in 2012, according to online foreclosure marketplace RealtyTrac. But there are some that the average homeowner might not consider a bargain.

The rich aren't immune from falling behind on their mortgages, and there are plenty of short sales out there that will still cost you a few million bucks. Just imagine how much they'd be if they weren't short sales! We've rounded up a few multimillion-dollar short sales currently on the market around the country. Click through the gallery below to see them.

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Multimillion Dollar Short Sales
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Multimillion-Dollar Short Sales
Location: Jupiter, Fla.
Price: $6.95 million
Beds/baths: 5/7
Sq. ft.: 8,116

Even though filthy-rich celebs like Celine Dion and Tiger Woods live in Jupiter, some of their neighbors aren't immune from sinking underwater on their mortgages.

This lavish five-bedroom, seven-bath short sale gets pristine beachfront ocean views, and inside you'll find expansive rooms. A dining area is set off by columns, and walls of windows line the living areas.

Outside, a gorgeous deck and lanai wrap around a large pool and spa. It's an oasis -- though not quite as much as Dion's water park in her backyard.

See the listing for more details.

Find more homes for sale in Jupiter, Fla., or search listings in your area.

Location: Jupiter, Fla.
Price: $6.95 million
Beds/baths: 5/7
Sq. ft.: 8,116

Even though filthy-rich celebs like Celine Dion and Tiger Woods live in Jupiter, some of their neighbors aren't immune from sinking underwater on their mortgages.

This lavish five-bedroom, seven-bath short sale gets pristine beachfront ocean views, and inside you'll find expansive rooms. A dining area is set off by columns, and walls of windows line the living areas.

Outside, a gorgeous deck and lanai wrap around a large pool and spa. It's an oasis -- though not quite as much as Dion's water park in her backyard.

See the listing for more details.

Find more homes for sale in Jupiter, Fla., or search listings in your area.

Location: Jupiter, Fla.
Price: $6.95 million
Beds/baths: 5/7
Sq. ft.: 8,116

Even though filthy-rich celebs like Celine Dion and Tiger Woods live in Jupiter, some of their neighbors aren't immune from sinking underwater on their mortgages.

This lavish five-bedroom, seven-bath short sale gets pristine beachfront ocean views, and inside you'll find expansive rooms. A dining area is set off by columns, and walls of windows line the living areas.

Outside, a gorgeous deck and lanai wrap around a large pool and spa. It's an oasis -- though not quite as much as Dion's water park in her backyard.

See the listing for more details.

Find more homes for sale in Jupiter, Fla., or search listings in your area.

Location: Lake Bluff, Ill.
Price: $5.9 million
Beds/baths: 5/10
Sq. ft.: 25,000

When you think of a short sale, you probably don't think of these incredible features: an indoor pool with two-story vaulted ceilings and a viewing balcony, a racquetball court, theater, elevator -- and even a barbershop.

Yes, this home in an upscale town an hour outside of Chicago has it all, but the asking price of $5.9 million is likely more than a haircut off the homeowner's original mortgage balance. The home has outdoor patios with built-in grills overlooking a private harbor and Lake Michigan. That kind of exclusivity is expensive. We know we wouldn't be able to afford the monthly mortgage payment either.

See the listing for more details.

Find more homes for sale in Lake Bluff, Ill., or search listings in your area.

Location: Lake Bluff, Ill.
Price: $5.9 million
Beds/baths: 5/10
Sq. ft.: 25,000

When you think of a short sale, you probably don't think of these incredible features: an indoor pool with two-story vaulted ceilings and a viewing balcony, a racquetball court, theater, elevator -- and even a barbershop.

Yes, this home in an upscale town an hour outside of Chicago has it all, but the asking price of $5.9 million is likely more than a haircut off the homeowner's original mortgage balance. The home has outdoor patios with built-in grills overlooking a private harbor and Lake Michigan. That kind of exclusivity is expensive. We know we wouldn't be able to afford the monthly mortgage payment either.

See the listing for more details.

Find more homes for sale in Lake Bluff, Ill., or search listings in your area.

Location: Lake Bluff, Ill.
Price: $5.9 million
Beds/baths: 5/10
Sq. ft.: 25,000

When you think of a short sale, you probably don't think of these incredible features: an indoor pool with two-story vaulted ceilings and a viewing balcony, a racquetball court, theater, elevator -- and even a barbershop.

Yes, this home in an upscale town an hour outside of Chicago has it all, but the asking price of $5.9 million is likely more than a haircut off the homeowner's original mortgage balance. The home has outdoor patios with built-in grills overlooking a private harbor and Lake Michigan. That kind of exclusivity is expensive. We know we wouldn't be able to afford the monthly mortgage payment either.

See the listing for more details.

Find more homes for sale in Lake Bluff, Ill., or search listings in your area.

Location: Scottsdale, Ariz.
Price: $4.5 million
Beds/baths: 6/10
Sq. ft.: 10,100 

"This home surpasses anything available in today's market!" boasts the listing. Pretty good for a short sale, we'd say.

An expansive master suite, office, game room, wine cellar and home theater are on the main level. Four more bedrooms -- each with their own luxury bath and balcony -- and a "gathering room" are on the top floor. 

There's a separate guesthouse with an exercise room and "his & her offices" -- all with a private entrance. 

See the listing for more details.

Find more homes for sale in Scottsdale, Ariz., or search listings in your area.

Location: Scottsdale, Ariz.
Price: $4.5 million
Beds/baths: 6/10
Sq. ft.: 10,100 

"This home surpasses anything available in today's market!" boasts the listing. Pretty good for a short sale, we'd say.

An expansive master suite, office, game room, wine cellar and home theater are on the main level. Four more bedrooms -- each with their own luxury bath and balcony -- and a "gathering room" are on the top floor. 

There's a separate guesthouse with an exercise room and "his & her offices" -- all with a private entrance. 

See the listing for more details.

Find more homes for sale in Scottsdale, Ariz., or search listings in your area.

Location: Scottsdale, Ariz.
Price: $4.5 million
Beds/baths: 6/10
Sq. ft.: 10,100 

"This home surpasses anything available in today's market!" boasts the listing. Pretty good for a short sale, we'd say.

An expansive master suite, office, game room, wine cellar and home theater are on the main level. Four more bedrooms -- each with their own luxury bath and balcony -- and a "gathering room" are on the top floor. 

There's a separate guesthouse with an exercise room and "his & her offices" -- all with a private entrance. 

See the listing for more details.

Find more homes for sale in Scottsdale, Ariz., or search listings in your area.

Location: Malvern, Pa.
Price: $4 million
Beds/baths: 9/8
Sq. ft.: 9,972

Sitting on 11.3 acres with its own pond and "specially selected specimen trees for [a] parklike setting," $4 million is a pretty decent price for this farm estate.

A winding pool flows from an indoor atrium (complete with spa) to an outdoor stone patio. An exercise room and sauna are a couple of the other ritzy features of the home. It's being sold as is, which shouldn't be a problem for most buyers.

See the listing for more details.

Find more homes for sale in Malvern, Pa., or search listings in your area.

Location: Malvern, Pa.
Price: $4 million
Beds/baths: 9/8
Sq. ft.: 9,972

Sitting on 11.3 acres with its own pond and "specially selected specimen trees for [a] parklike setting," $4 million is a pretty decent price for this farm estate.

A winding pool flows from an indoor atrium (complete with spa) to an outdoor stone patio. An exercise room and sauna are a couple of the other ritzy features of the home. It's being sold as is, which shouldn't be a problem for most buyers.

See the listing for more details.

Find more homes for sale in Malvern, Pa., or search listings in your area.

Location: Malvern, Pa.
Price: $4 million
Beds/baths: 9/8
Sq. ft.: 9,972

Sitting on 11.3 acres with its own pond and "specially selected specimen trees for [a] parklike setting," $4 million is a pretty decent price for this farm estate.

A winding pool flows from an indoor atrium (complete with spa) to an outdoor stone patio. An exercise room and sauna are a couple of the other ritzy features of the home. It's being sold as is, which shouldn't be a problem for most buyers.

See the listing for more details.

Find more homes for sale in Malvern, Pa., or search listings in your area.