Alicia Keys Buys Eddie Murphy’s Mansion for $12M
It looks like 15-time Grammy Award winner Alicia Keys wants to celebrate her upcoming fifth studio album ‘Girl on Fire’ with a new multi million dollar mansion purchase. Alicia is in contract to buy Eddie Murphy’s New Jersey estate, named Bubble Hill, for $12 million.
Bubble Hill was put on the market seven years ago with an initial price tag of $30 million. Renovations were done in 2009 to make the estate more attractive for buyers, but with little to no success. Eddie Murphy had to drastically slash the listing price by $15 million in 2009.
The luxury estate has an indoor and outdoor pool, bowling alley, marble fireplaces and probably the most important of all – a private recording studio. Another amenity, which most likely caught Alicia’s eye is a world-class spa with multiple stations for hair and makeup. The 25,000-square-foot, 32-room, 7-bedroom and 13-bathroom mansion also has a tennis court, racquetball court, playground, art deco theatre, and a five car garage. The annual taxes alone are $197,723.
The major reason for the buy was probably the fact that the estate is located in Englewood, which is just about 10-20 minutes away from Manhattan. Englewood and surrounding towns are also quite popular for celebrities, athletes, and designers such as Diddy, Elie Tahari, Patrick Ewing and Yankee C.C. Sabathia, who all live right around the corner.
It is not first time that Alicia Keys bought a home from a celebrity. In 2010, she bought Lenny Kravitz’s 16-room loft for $14.5 million, which she put right back on the market for $17.95 million. That might raise the question whether the mansion purchase is a place where Alicia wants to live or just re-sell.
Alicia is releasing her fifth studio album ‘Girl on Fire’ on RCA Records next month in November 2012. The first single to be released was ‘New Day’, which some think had a disappointing chart place as it just peaked at 73 on the Hot R&B/Hip-Hop Songs chart.