Celebrity Real Estate Round-Up

The past week was a swirl of celebrity real estate news: fashion designer Isaac Mizrahi scooped up two small units on each coast, an NBA star took a million-dollar loss on his Chicago mansion, and CSI: NY actor Gary Sinise was still struggling to unload a traditional home that's been on and off the market for two years.

Read on for details.
Isaac Mizrahi:
Purchases in NY, Beverly Hills

Bi-coastal Isaac Mizrahi will soon put his designer touch on new home acquisitions. He purchased two small residences, one in New York and one in Beverly Hills.

Mizrahi scooped up the 1,459-square-foot Beverly Hills house for $1.13 million; a little under the $1.229 million asking price, according to Berg Properties.

The 2-bedroom, 2-bath remodeled Spanish-style house has high ceilings, granite counter tops, and an office that could function as a third bedroom.

The wild-haired designer spent $1.1 million on the one-bedroom apartment at 59 W. 12th St in NYC's West Village, which was previously owned by the new CEO of TV Guide, Jack Kliger, according to the New York Observer.

Gary Sinise:
Struggles to Unload in Calabasas

Gary Sinise, who plays Detective Mac Taylor on CSI: NY, and his wife of nearly 30 years, Moira Harris, have once again put their Calabasas home on the market. Its $1.875 million list price is $25,000 more than it was listed for late last year before they pulled it off the market, according to the Realestalker.

At the end of 2009, this modest 4,366 square-foot home of the Steppenwolf theater co-founder was listed for $1.850 million, down several times from an original October 2008 list price of $2.195 million. Sinise, who was nominated for an Academy Award and a Golden Globe for his Forrest Gump role, purchased the home in 2004 for $1.951 million.

Forest Gump would have felt at home in the simple, 2-story traditional suburban tract home with 4 bedrooms and 4 en-suite baths. There is a 4-car garage, a backyard waterfall, a koi pond and a swimming pool.

While this one has been waiting to sell, the couple has moved on to a 5,199-square-foot home with 5 bedrooms and 4 baths located a few blocks away in the same gated community. They bought this one in December 2007 for $3.55 million. I wonder if they overpaid, given their difficulty unloading their first home for even less than what they paid.

Detroit Piston's Ben Wallace:
Sells Chicago Home at a Loss

Being traded has its downsides. Former Chicago Bulls forward Ben Wallace was forced to take a million-dollar hit on his Lake Forest, IL home once landing back with the Detroit Pistons after brief stints with Cleveland and Phoenix teams.

The 6,983-square-foot mansion on 1.74 acres Chicago's far north suburbs sold for $2.0575 million on April 1, reported Chicago Breaking Business, a blog run by the Chicago Tribune.

Free agent Wallace, 35, purchased the 5-bedroom home for $3 million in late 2006, a year after it was built. He first listed it for $3.295 million in January 2009, but cut the price three times to its last list price of $2.39 million.

The stone and stucco home at 1392 W. Old Mill Rd has a cherry library, eight fireplaces, a butler's pantry, a finished lower level with a rec room, wine cellar, billiard room and bar room. It also has a four-car heated garage, according to the listing details from the Frumentino Team of Prudential Preferred Properties real estate team.

Also this past week on HousingWatch:

Nic Cage's latest foreclosure woes

Moby's purchase of Debbie Matenpoulos' castle, Wolf's Lair

Beau Bridges California home for sell in an equestrian community

Read more on celebrity homes on HousingWatch

For sale:

More Lake Forest, IL homes 60045

More Beverly Hills Homes on AOL Real Estate

More West Village Homes on AOL Real Estate

Sheree R. Curry, an award-winning journalist, writes regularly about celebrity homes. She recently gave Matt Damon advice about his home search and penned a piece about Freddie Mercury's former home up for sale is fit for a Queen.
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