"America's Next Top Model" creator Tyra Banks previously owned a Beverly Hills home for $7.75 million.
In an interview with The Huffington Post, listing agent Heidi Lake of Sotheby's International Realty said that Banks first spent a massive $2 million for renovations into the property.
Banks first purchased her home in 2004, and it boasts four bedrooms and seven bathrooms. The 6,000-square-foot property also has a charming sunroom, a walk-in closet, swimming pool, outdoor fountains and a safe room.
"This home offers so many cozy and inviting spots to enjoy friends and family. You get a warm and happy feeling as soon as you walk in the door," Lake said.
Meanwhile, Banks also spoke with Sotheby's about her decision to sell her home.
"I loved living in this house. The stunning Spanish architecture spoke to me the minute I walked in the door. And then, when I discovered that... Marlon Davies was a previous owner, I was ecstatic. Why? Because she was financially savvy. She listened to the recommendations of Hearst's financial advisors and, while her peers were putting themselves into debt, she invested wisely in real estate. As a businesswoman myself, starting my own self-funded cosmetics company, I was impressed," she said.
In other news, Bank recently announced the cancellation of The CW's "America's Next Top Model" after Cycle 22.
However, according to The New York Daily News, the hit reality TV show has been picked up by VH1. As of late, it is still unclear whether or not Banks as well as the other judges and contestants will return to the show.
"The CW cancelled ANTM even though it was their most downloaded show, but the speculation was that it's because Tyra's salary is so high. It's an expansive show to make because she gets a sh*tload of money," the insider said.