It seems like all the Real Housewives are selling real estate this year, and like most people, are finding the market an unforgiving one. Alexis Bellino, a Real Housewife of Orange County, bought this beautiful Newport Beach home in 2006 for an undisclosed sum. She and her husband almost lost their home to foreclosure this summer when they defaulted in a four and a half million dollar loan.
The six-bedroom home has a well-appointed home theater, a gourmet kitchen, and an outdoor recreation area with a spa. Last month the home was listed for $4,995,000, but this month the price has been slashed to $3,695,000. It sits on a large double lot near the water and some celebrity homes. Nicholas Cage used to live right down the street, but sold his home in 2007 after finding an intruder in it. I guess even the ritziest neighborhoods have to worry about lurkers.