Beyonce Loses $355,000 On Sale of Swanky Miami Beach Pad
The singer bought a small cabana in 2002 for $465,000 but sold it in Nov. for $110,000.
Even the Hollywood industry's biggest stars aren't immune to the housing market crash.
Beyonce recently sold a cabana she bought on Miami beach for $110,000.
Not a bad price for the 190 square-foot property, which contained a one room and a half bath. Except that when she purchased the property, which is part of a much larger condo complex, she paid $465,000 for it, TMZ reports.
Beyonce was asking for $135,000 for the space, but ended up selling on Nov. 9 for $25,000 less.