Penelope Cruz gave birth to a baby boy just a few months ago and I guess she needs some extra cash for a few more diapers.Â Penelope has reportedly been trying to sell her home for the past year and like many others has been having trouble in this housing market.Â So Penelope decided to do what most have done and reduce the asking price on her Hollywood Hills home.Â According to the Huffington Post:
Academy Award-winning actress Penelope Cruz put this 3,334 square foot Hollywood Hills home on the market over 100 days ago for $3.695 million. Recently though, the three bedroom, four bathroom celebrity pad was reduced to $3.15 million. The one-story home sits on a cul-de-sac above the Sunset Strip and overlooks the city. Inside, the home features details bamboo floors, carved wood doors leading to a courtyard with a fountain, and walls of french doors. Outside, there is a pool with a tented cabana. – read more
I guess Penelope is just looking to break even and not take a loss.Â According to Zillow Penelope paid $3,138,030 in 2005.