The French Chateau-style mansion where Michael Jackson lived for about six months until his death has sold for 18.1 million dollars.
The Bel Air home was originally listed in 2008 for a whopping 38.5 million dollar.
According to the LA Times, the buyer was Steven Mayer, a senior managing director for CerberusCapital Management, and the seller was Hubert Guez, the chief executive of designer clothing label Ed Hardy, the Daily Mail reported.
Mauricio Umansky of the Agency in Beverly Hills handled both sides of the transaction.
The 17,000-square-foot property, designed by Richard Landry and built in 2002, boasts a theater, elevator, gym, pool, wine cellar, and a stunning guest house.
Concert promoter AEG leased the Holmby Hills property for $1,00,000 a month for Jackson, who overdosed on Propofol in one of the home's seven bedrooms back in June 2009.
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