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Zsa Zsa Gabor’s home has bounced on and off the market over the past few years, with the Bel Air home sustaining a steady series of price cuts.

Until now. The home’s list price has actually been increased by $2 million to $14.9 million.

Maybe Gabor, 95, and husband Frederic Prinz von Anhalt caught wind of the latest news: The real estate market  has yielded the biggest monthly gain in home values since 2006.

Or, as was explained to The Hollywood Reporter: The home was priced too low.

It’s true that you can’t put a price on a property’s legacy and Gabor’s home definitely has Hollywood history to spare. The silver screen starlet purchased the place in 1974. Over the years, the 26-room home has welcomed a parade political and Hollywood elites, such as Ronald Reagan, Frank Sinatra, Elizabeth Taylor and both former Presidents Bush: George H.W. and George W.

The home was also leased by recluse Howard Hughes for most of the 1960s, but one bit of historical fact has been debunked as fiction: The home was never owned by Elvis Presley, something that Gabor claimed when the home was last on the market.

Elvis or no Elvis, the home is still a grand property, sitting on over an acre with views of downtown Los Angeles and the Pacific Ocean. According to one interview with von Anhalt, the massive home is too large for the couple. And with increasing medical bills for Gabor, the financial burden is too great.

According to the lawsuit filed for conservatorship by Gabor’s daughter Constance Francesca Gabor Hilton, von Anhalt hasn’t been paying mortgage payments on the home. A notice of default was recorded against the property in February.

The 8,878-square-foot property has 7 bedrooms, 7 baths and several indoor/outdoor entertaining spaces. An enormous master suite, pool, grand salon and formal dining room round out the rest of the celebrity home.

According to the mortgage calculator, a monthly payment on Gabor’s home would be $54,294, assuming a 20 percent down payment on a 30-year-mortgage.

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About the Author

Erika Riggs, the Zillow Digs manager, covers home design and trends.

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