Tuesday 26 April 2011

Sharon and Ozzy Osbourne put Malibu beach house up for sale for $10m

Ozzy and Sharon Osbourne have put their luxury Malibu beach house up for sale for $10million.
The 4,500 square-foot, five bedroom, five bathroom home boasts two balconies with spectacular ocean views.
Earlier this month the couple were at risk of losing the property after running up a $1.7million tax bill.
For sale: Ozzy and Sharon Osbourne are selling their Malibu beach house
For sale: Ozzy and Sharon Osbourne are selling their Malibu beach house
Spectacular views: The 4,500 square-foot property overlooks the ocean
Spectacular views: The 4,500 square-foot property overlooks the ocean
Looking for a buyer: The couple were at risk of losing the property earlier this year after running up a $1.7m tax bill
Looking for a buyer: The couple were at risk of losing the property earlier this year after running up a $1.7m tax bill
While the couple settled their debt with the Internal Revenue Service, they are now looking for a buyer for the residence.
It is situated in a gated community and features hardwood floors, stainless steel appliances and floor to ceiling windows.
They rented out the home for $40,000 per month last year, according to Radar Online.
They also own a $12million house in LA suburb, Hidden Hill.
Last week, Sharon frankly discussed the reasons behind her huge unpaid tax bill and happily admitted: 'I'm to blame.'
The former X Factor judge said she lost track of her family's finances because she was spending too much time focusing on herself.
Cook up a storm: The kitchen features stainless steel appliances
Cook up a storm: The kitchen features stainless steel appliances
Luxury living: The home was rented out last year for $40,000 per month
Luxury living: The home was rented out last year for $40,000 per month
Seaside haven: The five bedroom resident features hardwood floors throughout
Seaside haven: The five bedroom resident features hardwood floors throughout
The 58-year-old said although she initially blamed her accountant she was now taking full responsibility for the bill.
'Even though he is paid to do a job, the buck stops with me,' she said.
'He did say "I'm to blame," but I'm to blame because I didn't care enough.
'I was too involved with myself. I cancelled two meetings with him over the last 18 months because I was way too busy.
'The last couple of years, I have really been concentrating on myself - because I think I love myself a little bit too much - and not taking care of business,' she said.
In 2005 they were included in a list of the UK’s most wealthy couples having accumulated a $160million fortune.
Cosy: The study includes wood panel walls
Cosy: The study includes wood panel walls
Tanning time! The home boasts two balconies
Tanning time! The home boasts two balconies

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