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Charlie Sheen may have done some crazy things, but he clearly has a talent for real estate investing. Just three months after purchasing a fabulous Beverly Hills Mulholland estate, he and his tiger blood stand to make an enormous profit off the sale of his previous home.

Conveniently located just around the corner from his new dwelling, the property that has acted as Sheen’s primary residence since 1997 is on the market for $7.2 million. The actor and entertainer originally paid $2.5 million, so if all goes to plan, he could net nearly 300 percent in profits.

The Mediterranean-style mansion was built in 1992, and measures 7,924 square feet. In typical Hollywood fashion, the seven bathrooms outnumber the home’s five bedrooms. Since it’s Charlie Sheen we’re talking about, I will leave you to ponder how the extra powder rooms may have been used. Goddesses are known to be fairly high maintenance.

The house also boasts three fireplaces and a three-car attached garage, from where Sheen’s S-class Mercedes land yacht was famously stolen (twice) and driven off a cliff.

In addition, the home offers a library, a chef-ready gourmet eat-in kitchen and staff quarters. The outdoor amenities are fairly spectacular: a landscaped backyard with a huge terrace, an outdoor kitchen with dining areaswimming poolspa and canyon views.

No one seems to know Sheen’s motivation for selling the property. It can’t be a need for cash – despite the actor’s questionable habits. Last month, Forbes reported that the former Two and a Half Men star earned a staggering $40 million in a 12-month period. Maybe I need to start my own “Torpedo of Truth” tour.

Are you interested in making an offer on a genuine Warlock Lair?

On the other hand, Ellen Degeneres and Portia de Rossi have put their incredible, sprawling Beverly Hills compound on the market. The property features every conceivable amenity and state-of the-art security, all constructed with Ellen’s famous taste and eye for design. The estate features incredible grounds and spectacular city views overlooking the Los Angeles Basin.

The pair bought the home in 2007 from Will & Grace co-creator Max Mutchnick for $29,000,000.

It includes an approximately 9,000 sq. ft. main house with extensive outdoor living areas plus a detached guest house. The detached guest house has en suite bedrooms plus living/dining and kitchen. Additional space under the swimming pool includes high-tech fitness area, a well-appointed one-bedroom staff suite and undergroundgarage space for 8 or 10 cars. Access to the areas under the swimming pool are by way of an all but hidden staircase behind the all-wood pool cabana.

As one of the most high-profile talk show hosts, and high-powered couples in the country, Ellen and Portia put a high premium on their privacy. To that end, they have extended the property…three times.

In January of 2008 they bought an adjacent property for $8,500,000. In February of that same year, Ellen drove the bulldozer that knocked down the home, herself! She filmed it for her show. Now that land is park-like with a meandering pond and enviable canyon views.

In June of 2008 the couple paid another $5,000,000 to purchase a third contiguous property, this one with a down-at-the-heels 1 bedroom and 3 bathroom house with canyon views.

One month later they bought a third adjacent property at $5,500,000, this one a 4 bedroom and 4 bathroom house sitting on a hillside at the back of the house. So, if you add it up, the pair paid out about $48,000,000 for their sprawling, private, secluded compound.

So, is $55,000,000 too much to pay for a little privacy?

Ilyce R. Glink is an award-winning, nationally syndicated columnist, best-selling book author, and radio talk show host who also hosts “Expert Real Estate Tips,” a Internet video show. She owns and operates several websites including ThinkGlink.com,ExpertRealEstateTips.netLawProblems.com, and HouseTask.com, as well as Think Glink Publishing LLC, a privately held company that provides consulting services as well as editorial content and video for companies and non-profit organizations. An in-demand speaker, she appears frequently on CNN, CNBC, NPR, and in local media outlets across the country.


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