Britney Spears Hits it in Thousand Oaks One More Time

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Back in October 2015 pop star Britney Spears purchased a sprawling mansion in Thousand Oaks for $7.4 million. Now that she’s had a few months to settle-in she’s decided to sell her other sprawling Thousand Oaks mansion for $8.995 million.

Spears first purchased the 8,500 square-foot estate from NHL hockey star Russ Courtnall for an undisclosed amount in 2012. The home was listed at that time for $8.5 million, so depending on the deal Britney got she’s not exactly going to net a big profit from this sale.

Regardless of the home’s investment value, it was probably pretty fun to live in. The five-bedroom, seven-bath home features a screening room, game room, a spectacular kitchen fit for a Food Network stage and a sparkling pool overlooking the rolling green hills of the Santa Monica Mountains. Perhaps the most remarkable feature of the home is the great room, which transitions to an outdoor living space decked-out with everything one needs for luxury entertaining.

Many home sellers are having a tough time right now despite the strong seller’s market. According to a recent survey of Redfin agents, the vast majority said potential home-sellers decide not to list their home because they are afraid they won’t be able to compete as a buyer. One solution to this problem is apparently to become a pop icon with an estimated net worth of $165 million. That way you can buy a $7.4 million mansion before having to sell your $9 million mansion.

What do you think of Britney’s pad? Let us know in the comments below, or shout it out to us on Twitter @Redfin.

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jeffery-marinoredfin-com

Jeffery writes about the L.A. real estate market for Redfin Real Time and works with journalists covering real estate throughout Southern California. He previously worked as an editor and researcher for a leading real estate publishing firm. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our "Why Redfin?," page.

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