Bruce Willis

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Bruce Willis

Die Hard star Bruce Willis loses $310,000 on property in New York, USA

According to news reports, Hollywood A-Lister Bruce Willis has sold his property at Trump Place, New York, making a US$310,000 loss in the process.

The star of the 20th Century Fox series of Die Hard movies bought the apartment in 2007 for a reported US$4.26 million but apparently he was so keen to sell the apartment he accepted an offer of just US$3.95 million.

The 2,318 square foot property is located on the twentieth floor of Trump Place and has three bedrooms and three bathrooms with views of New York's Hudson River and the George Washington Bridge.

The sale appears to be setting a trend for Willis as, in September 2010, he accepted an offer of US$6 million for his nightclub The Mint in Hailey, Idaho, which he bought with his former wife Demi Moore in 1990. The night club had ceased trading a year earlier, although Demi still owns the recently remodelled Old Drug Store Building just across the street.

After his first child Rumer was born Willis decided to ditch the Hollywood lifestyle and go in search of a place where his family could lead a normal life.

After an unsuccessful few years trying to settle in Ketchum, Idaho, he eventually found the town of Hailey where he bought the 18,000 acre Flying Heart Ranch for US$7 million, just outside the town.

In fact, Willis has been buying property in Hailey for the past twenty years and once said it was like "living in the 1950s". He hoped his efforts would bring prosperity to the small town.

And, even though the Armageddon star has been pruning his property portfolio he does still own plenty of properties which he can fall back on, such as; a home in Malibu, California; a ranch in Montana; a beach house in Parrot Cay, Turks and Caicos Islands; and the Liberty Theatre in Hailey, Idaho.

Willis is also a co-founder of the Planet Hollywood restaurant chain, along with fellow actors Arnold Schwarzenegger and Sylvester Stallone.

Trump Place, also known as Riverside South, is a US$3 billion development set on fifty six acres between New York City's 59th street and 72nd street. It is the largest privately developed project to be built in New York City to date.

Rebecca Smith
Ocean Villas Group

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About the Author

Rebecca Smith is property journalist and sales director for Ocean Villas Group, based in Singapore.

For more investment news... http://blog.oceanvillasgroup.com

What's your favorite movie by Bruce Willis and Adam Sandler?

Here's mine:

Bruce Willis - Die Hard
Adam Sandler - The Wedding Singer

Bruce Willis-Under The Boardwalk