Britney Spears Takes a Hit on Beverly Hills Mansion

Britney Spears Re-lists Beverly Hills Mansion for $5.5 million
Britney Spears Re-lists Beverly Hills Mansion for $5.5 million

The lyrics "hit me, baby, one more time" are ringing true for singer Britney Spears these days as her Beverly Hills mansion takes a million-plus hit in the housing market. On Monday, Spears re-listed her five-bedroom Italian-style villa for $5.5 million, a $2.4 million drop from its one-time high listing price of $7.9 million, reveals TMZ.com.

But Spears' 7,453-square-foot Beverly Hills home - perhaps most famous for the scene in which the singer was carried out on a stretcher - has its own storied past on the chopping block. Located in the celebrity-laden gated community named The Summit, Spears bought the property for $6.8 million in 2007. According to multiple reports, a month after the purchase, Spears put it back on the market for a price tag of $7.5 million.

So, what's with all the "oops, I did it again" price changes?