Britney sells Malibu mansion for a song

Friday, August 03, 2007
Britney Spears has reportedly sold off her Malibu Mansion for less than 12 million dollars to an anonymous buyer. According to a source the singer bought the seven-bedroom mansion with Kevin Federline and now that it has been sold, she will be able to give K-Fed his share.

"They were just waiting on the sale of the house. Now Kevin gets his money," Life and Style quoted the source, as saying. The mansion which is on a 1.53-acre hilltop site in the gated Serra Retreat area of Malibu was first put up in the market on November for 13.5 million dollars, but the price was lowered in March when no buyer came.

Meanwhile, the singer's six-bedroom house in Beverly Hills, LA is on the market for less than 7.5 million dollars and she is currently residing at the Four Seasons Hotel in Beverly Hills. A source revealed that the 'mystery man' who was has been seen with the troubled star in several LA cubs is real estate agent Justin Mandile whose dad Drew's firm sold her Malibu house.