
photo by Sotheby\’s
Scarlett Johansson bought a 4 bedroom 5 and half bath Spanish Style ”Villa” in the Hollywood Hills area of Los Angeles for $7 million back in 2007. She then dumped at least $2 million more into remodeling it and now is looking to sell. Due to the crash in the housing market, Sotheby’s is listing it for only $4.95 million, over a $2 million dollar loss. The gated house was built in the 1930s, sits on more than an acre and uses solar panels to power the home naturally. One of the bathrooms has that spa-like appeal and the house is surprisingly homey and bright.

photo courtesy of Getty Images
Johannson has appeared in over 30 films and has been nominated for about 20 awards since appearing on the silver screen in 1994. In 2005 she also launched a music career. In 2008 she was married to Canadian actor Ryan Reynolds in a ceremony in British Columbia. Johannson is still considered one of the sexiest women in the world and in February 2007 Playboy named her “Sexiest Celebrity” of the year.
All of these merits and all of her notoriety did not protect her from the crash of the real estate market however. This is proof that everyone is feeling the squeeze of the current market and economy. Some just have more to lose and less cushion for the fall than others.