Charlie Sheen Selling Beverly Hills Estate

Last Updated Jun 3, 2011 8:00 AM EDT

Charlie Sheen may have done some crazy things, but he clearly has a talent for real estate investing. Just
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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 area, swimming pool, spa 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.

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Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at and The Equifax Personal Finance Blog, and is Chief Content Strategist at, a community for real estate investors.
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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns, where readers can find real estate and personal finance resources.