It took SIX years and a $6-million-discount … but David Spade finally managed to unload his Malibu mansion … for practically no profit at all.
Spade bought the beachfront pad waaaay back in 2005 for $9.3 million. Two years later he tried to hock it for $16.5 million, but there were no takers (wonder why) … and he took it off the market.
Not to be defeated, Spade tried again in 2011, listing it for $13.5 million. But still no cigar — until now, as reported by Trulia.
Spade sold the place for the low, low price of $10,225,000. Leaving him with a much smaller profit than he expected … a cool $925,000. Small in rich people terms.
But the real winner is the buyer, as Spade reportedly made a ton of upgrades over the years.
As for the stats: 3,763 square feet, 4 bedrooms, 3.5 baths, pool, top of the line finishes … oh and one of the nicest beaches in the world … happens to be the backyard.