After a radical 59% price cut, Actress Suzanne Somers re-listed her 73-acre estate in Palm Springs.
When the actress and her husband, Alan Hamel, first listed their property in 2008, they were asking for $35 million. Now the gorgeous estate is in the market for a rather modest $14.5 million.
The property is listed by Joyce Rey of Coldwell Banker Previews International.
Smacked up in the Mesa Canyon, the estate is located at a short distance from the heart of downtown Palm Springs. The property boasts five buildings with a total of 10 bedrooms and 11 bathrooms. The kitchen and living room are in one structure; the master suite is in another, with two guest rooms below. There's also a guesthouse, built in the 1920s by Palm Springs architect Albert Frey, made out of rocks gathered from the property.
The French inspired compound is only accessible via a private funicular (an open-door elevator on tracks), a golf cart, or a set of 75 stone steps, not by an automobile. Provence-style architecture is a dominant part of the home, which has a two-room kitchen and a wine cellar on the same level. There's also an outdoor amphitheater carved into the mountain that seats 50 guests and has a dance floor as well as a pool, a spa, several hiking trails, and a natural waterfall.
Ms. Somers and Mr. Hamel, a talk show host and film and TV producer, bought the home-originally a 4-acre property-in 1977, adding land to it over the years. They first put the home on the market in 2008 for $35 million, then again later for $17.5 million before re-listing this month.
"We love the home but are selling it because we are constructing a new home in the middle of 500 acres in a different part of Palm Springs," says Mr. Hamel.
Ms. Somers, who has authored self-help books in recent years, starred in several popular television shows from the 1970s through the 1990s, including "Three's Company" and "Step by Step."
