Ashlee Simpson SELLS HOME and Leases New Property

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Who: Ashlee Simpson
Location: Beverly Hills, CA
Price: ????
Size: 4,193 square feet, 4 bedrooms, 4 bathrooms

As soon as "singer" and "actress" Ashlee Simpson's nepotistic fame turned into fortune she developed a mad appetite for an a-lister sized mansion.

In June 2005 Miss Simpson threw down $4,500,000 for a substantial gated estate in Encino, CA with a 9,000-plus square foot contemporary crib. Reports from the time show the vast house included a meditation room, a gym with skylights and ballet barre, a sauna and a 2,200 square master suite with a 700-square foot closet. She was just 21 years old at the time.

Miss Simpson only owned the huge house in Encino until October 2006 when she sold the 4 bedroom and 7 pooper pad for $5,700,000 to a Hawaiian businessman who earned a fortune from convalescent homes. That's right, pets, beehawtcha Simpson walked away with a million two in profits (before costs and fees). Not bad for a lip synching sensation with no prior real estate experience. Miss Simpson's real estate luck was, however, about to run bone dry.

The following year, in January 2007, Miss Simpson plunked down $4,500,000 for a somewhat smaller but still gigantic 7,100 square foot mock-Med on star-studded Oak Pass Road in the Beverly Hills Post Office. The house, built in 1992, had once been owned by comedienne Rita Rudner.

Source: realestalker.blogspot.com