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Celebrity Real Estate Woes 2011

Some celebrities, like “Malcolm in the Middle” star Frankie Muniz and the cast of “Friends” seem to be constantly buying and selling properties. But famous or not, it’s not so easy for everyone to sell.

It could be the market and the economy. Maybe specific properties have specific reasons they aren’t selling: staging issues, odd choice of décor, massive size or perhaps outrageous cost.

Or maybe there’s a glut of luxury homes mostly in the L.A. area that are too similar—so many of them are Spanish, vaguely Mediterranean in style, in a gated community, decorated in neutrals, with pool, spa, home theater, fitness room, wine cellar, guest house and so forth.

Other celebrity real estate headaches this year include a lawsuit-entangled property involving water damage.

Here’s a look at 10 palaces on the market, with photos provided by Trulia.com.

By Colleen Kane
Posted 15 December 2011