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Russell Simmons Sells Mansion At Reduced Price Of $10 Mil
By: homesoftherich.netPosted On: 02/28/2011 3:55 P
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Hip Hop mogul Russell Simmons and his ex-wife Kimora Lee have finally sold their New Jersey mega mansion after it had been sitting on the market for a couple of years.
Hip Hop mogul Russell Simmons and his ex-wife Kimora Lee have finally sold their New Jersey mega mansion after it had been sitting on the market for a couple of years.
The 35,000 square foot estate, which boasts a 50-seat home theater and indoor pool, is located at 101 Fox Hedge Road in Saddle River, NJ. They unofficially put it on the market back in August of 2006 with a price tag of over $20 million. It was first put on the MLS back in April of 2007 with an asking price of $23.8 million. Then, in August of 2008, it was reduced to $20 million, then to $19.88 million, $16.5 million and then to it’s final listing price of $13.9 million.
The home (finally) sold for $10,000,000 on February 15th.
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