Every neighborhood has homes with sale signs in their front yard that seem to be perpetually there. There may be many reasons why these homes are left untouched. Some of them are just because of location, and others may be because they’re a little too rundown. But, there are also homes — or rather mansions — that have the same problem. These mansions are so expensive nobody wants to buy them, and here are a few examples of that.
Matt Lauer’s Hamptons Estate – $44.8 Million
The Hamptons are one of those places we’ve all heard of. This is a destination that many stars spend their summers in. For Matt Lauer, that meant taking time away from the hard-hitting world of journalism to visit this beautiful waterfront estate.
This property had problems selling from the get-go, with the ex-anchor having issues even getting it listed! That may be why it’s still set for so long, or perhaps it’s because it costs $44.8 million.
Stone Walled Sanctuary – $39.9 Million
When you look at this sprawling mansion with its stone facade and sweeping greens, it’s hard to understand why it still sits empty. This mansion itself once belonged to a steel tycoon and comes with a ton of great amenities.
However, because of things like the home theater and the 11-car garage, the price tag on this mansion may just be the culprit of why it sits empty. After all, who has a spare $32.9 million lying around?
Farmington Mansion – $5.9 Million
Connecticut is one of the most beautiful states in the US, and many well-off individuals choose to live there. This may be because it’s close to New York City or perhaps because of the beautiful nature surrounding the property.
This home, which is located in Farmington, has a built-in nightclub and an indoor pool, yet it still sits empty. It’s been unsold for so long that the owners have dropped the price tag from $14.5 million to a measly $5.9 million.
Bronx Castle – $3.2 Million
Who doesn’t want to live in a castle? This French provincial-style estate includes a terraced garden and medieval-style turrets, adding to the castle-like feel of the home. Built in 1926, there are a lot of beautiful accents to this home.
But, despite the fact it’s so beautifully designed, this home has been available since 2009 and is still on the market for $3.2 million.
Lakefront Mansion – $4.9 Million
When you think of luxury homes and mansions, many of us do not automatically go to Michigan, but this home is set in Bloomfield Hills. The home is a waterfront residence; it has beautiful views of Long Lake and features many as well as many other attributes, including six fireplaces.
The home sat empty for quite a while until eventually, the owners decided they needed to make some money off of it. So, they rented it for $25K a month.
Dallas Three Homes in One – $48.9 Million
There’s nothing like buying a plot of land and getting three separate homes when you do. This 25-acre estate comes with not only the main house but also a guest house, as well as an apartment.
To be able to take advantage of this beautiful property, all you have to do is shell out $48.9 million. That seems very reasonable, don’t you think?!
Northville Mansion – $9.9 Million
Sitting on a historic road in Northville, Michigan, this private estate sits on almost five acres of land. The home itself is designed in a chateau layout. Inside this secluded mansion, you will find a beautiful stone fireplace, and it grants a spiral staircase that adds to its charm.
Even with all that, though, it seems like it has been quite a challenge to take the home off the market, and that just may be due to the $9.9 million price tag.
Brentwood House – $3.3 Million
For some, having a home on the 18th hole of a golf course would be a benefit. But, maybe not with this six-bedroom estate that’s located in the beautiful countryside of Tennessee.
It has a beautiful antique-looking exterior with an interior that’s fitted with tons of beautiful features like a media room and a wine cellar. But, even with its close proximity to a beautiful golf course and its visual appeal, this mansion still sits on the market.
Resort Style Mansion – $18 Million
Who doesn’t want to have a home that has a beautiful outdoor pool and an open-air pavilion that can seat a ton of people? It seems like this estate that sits on the water was built for partying, and yet no one has partied in it for quite a while.
Not only do you have all of the wonderful amenities we’ve already mentioned, but you also have spa baths and a solarium, as well as a chef’s kitchen. All you have to do is pay $18 million.
Hayes Mansion – $36 Million
Built in 1905, this historic mansion in San Jose, California, was almost taken off the market for a cool $47 million. However, that sale didn’t go through — and so, this home still remains empty.
This house is truly a part of history when it comes to California, and to own this piece of history, you simply have to shell out $36 million.
Mel Gibson’s Malibu House – $12.8 Million
If you’re looking for a beautiful French country home in the Malibu area, then you may have come across the home of Mel Gibson. This home is outfitted with five bedrooms and five baths, and was originally put on the market in 2010.
It has a certain old-world feel, and yet it still sits on the market, but the price has dropped from its original $14.5 million to $12.8 million.
Kurt Russell & Goldie Hawn Beach Mansion – $14.8 Million
Kurt Russell and Goldie Hawn have been together for years and have starred in several movies together. When not doing this, they like to relax in one of their many homes. One of these many homes was a beautiful Malibu beach house.
Designed with a Bali-like feel in 2011, this home went on the market for $14.8 million. Because they were unable to sell it, this Hollywood couple opted to rent it out for $95,000 a month.
Faith Hill & Tim McGraw Tennessee Mansion – $20 Million
Part of the land that measures over 750 acres, this barn-style home was once occupied by one of country music’s favorite couples, Tim McGraw and Faith Hill. The house has five bedrooms and 10 bathrooms. This home seems like it would go quickly.
But, that assumption would be wrong as it has been sitting on the market for quite a while, and yet no one has purchased it. We wonder why?
Tommy Hilfiger’s Mansion – $48 Million
One of the most recent additions to the mansion real estate market is the Connecticut home of Tommy Hilfiger. Just placed on the market in 2020, this property features a beautiful mansion originally built in 1939.
Of course, you would imagine that — since it is the home of such an illustrious fashion designer — you can expect to pay quite a pretty penny. You would be guessing right as this home is on the market for a cool $48 million.
Michael Jordan Chicago Estate – $29 Million
Michael Jordan was the “IT” player of the NBA during the ’80s and early ’90s. So, with his status, he had the ability to buy a pretty impressive mansion to call home. In 2012, the retired NBA star placed this beautiful mansion on the market.
Sitting on seven acres, this property was initially put on the market for $29 million — but it has since dropped down to $15 million.
J-Lo’s LA Mansion – $17 Million
If you have an extra $17 million lying around and have a devoted love for Jennifer Lopez, then you are in luck because you could purchase one of her former homes. Located in the Hidden Hills, her Los Angeles home was put on the market in 2015.
This house has a dance studio along with a recording studio, and since putting it on the market, the “Jenny From the Block” singer has had to lower the price down to $12.5 million.
Sylvester Stallone’s La Quinta Estate – $4.5 Million
In 2010, Sylvester Stone originally purchased this La Quinta estate. A mixture of Tuscan and Mediterranean styles, it has four-and-a-half bedrooms and five bathrooms. It also features hardwood floors and arched entryways.
Originally purchased for $4.5 million, Stallone soon found himself putting it back on the market at a reduced price of $3.87 million. At least he’s not taking that much of a hit.
Ellen DeGeneres’ LA Mansion – $8 Million
Ellen DeGeneres loves to buy homes and renovate them so that she can flip them. One of these homes is this beautiful Los Angeles property. Though this may be one of her smaller properties, it seems like it’s not going anywhere anytime soon.
In fact, this condo has been on the market since 2014 and hasn’t budged a bit. The condo started with an $8 million price tag and is now available for $5.85 million.
Helen Hunt’s Hollywood Hills Mansion – $8 Million
Taking a home that once belonged to a Hollywood legend, Helen Hunt made this Hollywood Hills estate her own. But, in 2002, she decided she would place it on the market with a price tag of $9 million.
Though that seems like a high price to pay for this newly refurbished Hollywood estate, some have been interested in it — but only at a lower price.
Steve Cohen’s Penthouse – $115 Million
When you say the word hedge funder, many things probably come to mind, including having several lavish estates. Steve Cohen sits on several great properties, including this Manhattan duplex penthouse.
In 2013, this businessman decided he wanted something new and put it up on the market for $115 million. But eventually, he realized that might be a little too steep, so now it’s available for $57.5 million.
Alan Wilzig’s New York Townhouse – $44 Million
American entrepreneur Alan Wilzig owned a fabulous Tribeca townhouse. This subdued and classic-looking home was put on the market in 2014 for $44 million.
After sitting on the market for a little bit in 2018, the financial businessman reduced the price to $18.75 million. Doesn’t that just seem like a bargain?!
Vincent Forge Mansion – $825K
Sometimes finding the right home is like buying a piece of history. Originally built in 1770, this mansion is made of stone and has beautiful gabled roofs. Because of this history, in 1984, it was declared a building that was to be preserved.
That coupled with the $825,000 price tag may be why this mansion seems to be unsellable. There may also be rumors that the house is haunted, which could also be part of the problem.
The Halston Penthouse – $38 Million
If you’re into ’70s history, then you may have heard the name Halston in conjunction with Studio 54. This amazing and spacious penthouse once belonged to Roy Halston Frowick and has had several famous names walking its corridors.
In 2011, this minimalistic-designed penthouse went on the market at $38 million. However, after not selling as quickly as they thought it would, the price tag was reduced to $24 million.
Palazzo di Amore – $129 Million
If you’ve ever wanted to live in the Beverly Hills area and you have $129 million available, you could be the owner of a beautiful Mediterranean-style mansion.
This mansion has 12 bedrooms and 23 bathrooms, a reflecting pool, and an entertainment complex. In 2014, the house went on the market at quite the markup, seeing how that owner only paid $35 million for the home.
Aiken Estate – $1.3 Million
Looking for a little southern charm in Savannah, Georgia? Then, you might be interested in the Aiken estate. This home was built in 1855 and was the home of famous American poet Conrad Aiken.
In 2015, this beautiful historic home went on the market for just $1.3 million. However, it has remained unsold for quite a while. The truth is, though, most people don’t think it’s the price tag that’s keeping someone from buying it — but rather the fact that it’s rumored to be very haunted.
Granot Loma – $40 Million
For those that are a little more outdoorsy but still want a lavish lifestyle, this home on Lake Superior might just be a great fit for you. This home, which had 400 workers and 22 different architects on the project, has been empty since the ’50s.
When it initially went on the market, it was placed at $40 million, and after a little bit of time, that price dropped to $20 million.
Neverland Ranch – $100 Million
So, Neverland ranch has been on the market since 2015 and was originally built in 1981. Of course, most people know the name because it was once the home to Michael Jackson. After he died, the property wasn’t taken care of and fell into disrepair.
But, in 2015, the property was renovated and placed on the market at $100 million. Not only because of the price but because of the allegations against the “King of Pop,” this property has remained unsold and is now only worth $31 million.
SK Pierce Mansion – $329K
The SK Pierce mansion may not be as expensive as some of the other properties, but it’s just as hard to get off the market. This home was originally built in 1875 and is a beautiful, albeit eery-looking Victorian home.
Eery is the keyword because part of the reason why this home — that only costs $329,000 — is still empty is due to the fact that many people have experienced some pretty scary occurrences within its walls.
Golden Gate Glamour – $29.5 Million
Having a home that’s filled with old Hollywood glamor is very appealing to many people. Often, homes described as this have beautiful tactile textures and artisanal ornaments that make the property feel more grandiose.
The home is designed with seven bedrooms and 11 bathrooms, and it features a rooftop deck. This home, which went on the market in 2017 for $29.5 million, has sat without a new owner for several years.
Denise Richards’ Mansion – $7.7 Million
Actress, model, and reality television star, Denise Richards has led a pretty interesting life. Arriving to Hollywood in the ’80s, she has found herself attached to such names as Charlie Sheen. She has lived in many homes, including this beautiful mansion.
In 2015, she placed it on the market for $7.7 million, and it spent quite a bit of time waiting for someone to purchase it. Instead of buying outright, many people have rented it over the years, including Angelina Jolie allegedly.
30 Colleges That Aren’t Worth the Tuition They Demand
Going to college is really necessary if you want to work in some fields, but often it doesn’t pay to go to certain schools. Based on the tuition fee, the return on investment is in the negative for many of these, even 20 years after joining the workforce, according to research done by PayScale. Check out what colleges are simply not worth the money!
Columbia International University – Columbia, South Carolina
You might think Columbia International University is in New York, but that’s just Columbia University. While the $133,000 for a four-year degree is much less than what you’d pay to study at the other Columbia, you aren’t expected to make nearly as much as you would after graduating from the Ivy League school.
Located in Columbia, South Carolina, PayScale has the return on investment at -$115,700. It’s a small, multi-denominational Christian school of only 620 undergraduates.
Mississippi Valley State University – Itta Bena, Mississippi
Mississippi Valley State University is known for both its football team and marching band that are recognized nationally. Jerry Rice, one of the greatest NFL wide receivers ever, went to school here, for example. That being said, not everyone can do the things that Jerry Rice can, and that’s why he got paid so much.
He had a 20-year return on investment of millions, yet students shouldn’t expect a similar outcome. After dishing out $75,700 for a four-year degree, the 20-year return is -$174,800.
Wilson College – Chambersburg, Pennsylvania
Wilson College is located on 300 acres in Chambersburg, Pennsylvania. For over 144 years it was a women’s liberal arts college that was the first in the U.S. that began thanks to an endowment by a woman, Sarah Wilson.
Since 2013, they have been accepting men, too, but why would anyone want to study there when the 20-year average return on investment is -$86,700? A four-year education sets you back $156,000 from this school, but only 39% graduate in that time.
St. Andrews University – Laurinburg, North Carolina
St. Andrews University costs $167,000 for four years. That’s a lot of money, but at least the student-faculty ratio is 12 to one. The town of Laurinburg, North Carolina, is quaint and seems to be very conducive to higher learning.
Despite this, don’t expect to come out of this school making millions of dollars with your diploma. After 20 years, the return on investment is -$98,800. On the plus side, they’ve been offering Master’s degrees in business administration since 2013, so hopefully some of these graduates will redeem the school slightly.
Stillman College – Tuscaloosa, Alabama
Stillman College in Tuscaloosa, Alabama, is a small school of only some 615 students who are drawn to an intimate setting in a town dominated by the University of Alabama. Students get the best of both worlds as they can go to UA parties for a big-school feel.
With a tuition of $98,700 over four years and a graduation rate of just 23%, you’re likely to spend well over six figures, all the while the 20-year return on investment is -$80,400.
Unity College – Unity, Maine
Many people want to make sure the years they spend at college are spent making a positive impact on the planet, and Unity College in Unity, Maine, offers that to many students. Students get an education emphasizing sustainability when they study environmental studies.
What the school doesn’t offer, however, is an education that translates into high-paying jobs in the workforce. A 20-year return on investment, according to PayScale, is $-82,100. The 54% graduation rate is better than half, but a four-year degree costs $151,000.
Rust College – Holly Springs, Mississippi
Rust College only accepts 43% of applicants, as there are many more applicants than can be admitted in the small, 800-student school. It’s a historically black college in Holly Springs, Mississippi, that’s still in operation and the second-oldest private college in the state.
It’s also extremely cheap, with tuition and fees amounting to less than $10,000 a year (a bargain in the U.S.) However low the tuition is, with a four-year degree costing $63,400 including room and board, the return on investment after 20 years is -$97,100. That’s terrible.
Shaw University – Raleigh, North Carolina
Shaw University opened in 1865, and is so prominent a historically black school that it’s been named the “mother of African-American colleges.” It started off training freedmen and grew into the private arts university that we know today.
That’s a really nice name that unfortunately does nothing to mitigate the horrific -$93,600 20-year return on investment. For a college that costs $118,000 for a four-year degree, however nice Raleigh is does nothing to justify that terrible return on investment.
Emory & Henry College – Emory, Virginia
Although its alumni include its share of successful people, Emory & Henry College shouldn’t be mistaken for Emory University, which is in Georgia. Most people simply do not break even after graduating from Emory & Henry.
Emory & Henry graduates pay $179,000 for a four-year degree and have a 54% graduation rate, which compares terribly with the 91% the more famous Emory boasts. The latter institution also has a $452,000 return on investment, and Emory & Henry in Emory, Virginia, has a shameful -$91,300 return after 20 years.
Saint Augustine’s University – Raleigh, North Carolina
Saint Augustine’s motto is “the truth will set you free.” The truth about this Raleigh university, however, is that only 24% of students graduate in four years. Considering that a four-year degree costs $129,000, which is not how long it takes for most people to graduate, the -$77,700 return on investment doesn’t seem justified.
That’s enough to buy a house in a lot of neighborhoods. Less than a thousand students study there, and we hope they got something out of school that makes them feel it was worth the money.
Cazenovia College – Cazenovia, New York
Cazenovia College is close to Syracuse, New York, in a town called Cazenovia. There’s an academic staff of 154, a lot compared to the 915 undergraduates there. That could be the reason why people pay $184,000 for a four-year degree.
It’s a liberal arts school with a great teacher-to-student ratio, but the return on investment is -$98,600. One of its most notable alumni is Leland Stanford, who might have founded Stanford University because he thought he could give students a better return on their investment than his alma mater.
Voorhees College – Denmark, South Carolina
Voorhees College in Denmark, South Carolina, is located in the central part of the state. There are just over 3,000 people in the town, and 600 of them are students. It’s another historically black school whose education gets great reviews, but warm feelings don’t always translate to full bank accounts.
Only 26% of students graduate within four years, and a four-year degree costs $97,000. The return on investment after 20 years is -$153,400 on average, which makes you wonder what they have going on there that makes people love them so much.
Paine College – Augusta, Georgia
Although it’s got the distinction of training John Wesley Gilbert, the first African-American archaeologist, that was back in 1886. Paine College was de-credited by the Southern Association of Colleges and Schools in 2016 and, even though they found another accreditor, it stands to follow that their graduation rate would be as low as 20%.
Living up to the name, students have to pay a painful $97,500 for four years of school. After 20 years, they have a return on investment of -$94,700.
Wheelock College – Boston, Massachusetts
Wheelock College in Boston, Massachusetts, is one of the many colleges that make Boston such a fun town. It was once known as Miss Wheelock’s Kindergarten Training School, as it was founded by Lucy Wheelock, a descendant of John Adams who became a famous educator.
After merging with Boston University’s School of Education, it was renamed Wheelock College. Teachers really don’t make enough money, though, and they need to spend $201,000 for a four-year degree from Wheelock. After 20 years, there is a -$140,700 return on investment.
Lindsey Wilson College – Columbia, Kentucky
Lindsey Wilson College is another school that simply doesn’t return on its investment. There are a lot of serious athletics going on in the school, at least, and there are several alumni playing professional sports. Their soccer team is one of the most dominant forces in the NAIA, the sports league for smaller schools.
It costs $152,000 to get a degree in four years, something only 34% of students manage to do. The return on investment after spending so much for school is -$160,800, which is really depressing.
Martin Luther College – New Ulm, Minnesota
Martin Luther in Minnesota is the home of one of the most peculiarly active campuses in the U.S. A third of the under 900 students play varsity sports, while two-thirds play intramural sports. That definitely has a lot to do with how happy the students look all the time.
As in shape as the students are while they are in school, they are apparently not that equipped for the real world. Tuition costs $93,300 for four years, but after 20 years there’s -$123,200 return on investment on average.
Johnson University – Kimberlin Heights, Tennessee
Johnson University in Tennessee is a Christian school just 12 miles away from Knoxville in a town called Kimberlin Heights. It’s a charming place to put a private school, and the whole town appears filled with team spirit supporting the Johnson University Royals.
Chances are only slightly more likely you’ll graduate on time, but the return on investment for the $89,800 that it costs you to study there for four years doesn’t add up according to PayScale. After 20 years, the return on investment is -$97,900.
Claflin University – Orangeburg, South Carolina
Under 2,000 undergraduates study at Claflin University, which makes it a relatively small educational setting. It’s a historically black college that is in the history books for awarding the first diplomas in the U.S. to a black woman when Alice Moorer and Annie Thortne graduated in 1884.
The college’s contributions to humanity have been far less impressive lately, even though over half of the students graduate after four years. Tuition is $128,000, but expect to see a return on investment of -$133,900 20 years after you receive your diploma.
Benedict College – Columbia, South Carolina
Benedict College is a liberal arts school that was founded in 1870 as a teacher’s school in Columbia, South Carolina. Over 2,000 undergraduate students go to school there, paying $124,000 for a four-year degree. That being said, only 22% can expect to graduate in that amount of time.
You’d think that they’d be able to teach their students useful skills for the outside world considering their long history in education. Unfortunately, the 20-year return on investment stands at -$76,800.
Campbellsville University – Campbellsville, Kentucky
Campbellsville University is next to Green Lake, a manmade reservoir in Kentucky that allows students to study in the middle of nature. It has a satellite campus in Hodgenville, a town in the same state that has the distinction of housing the cabin where Abraham Lincoln was born.
As for the university, it includes colleges of music, education, and art, but sadly none of those professions really offer that much money. The tuition is $143,000 for four years, and the return on investment after 20 years is -$76,800.
Talladega College – Talladega, Alabama
Talladega College costs $88,200 for a four-year degree, and some 43% can expect to graduate in that time. It’s a historically black college established on a building meant to be a Baptist academy. Postbellum, it was purchased and charted by the governor.
It’s famous for its marching band, the Talladega College Tornado Marching Band, which competes nationally. Despite this distinction, the return on investment 20 years after graduating is -$156,900.
Miles College – Fairfield, Alabama
Despite Charles Barkley having donated $1 million to the school in January 2020, which was the most ever given to the school, the 1,500 students studying there shouldn’t expect the most lucrative futures. One of the worst returns on investment can be expected after going to Miles College in Fairfield, Alabama, according to PayScale.
It costs $90,200 for a four-year degree, but only 17% end up finishing in four years. A full 20 years after graduating, you can expect a return on investment of -$164,600.
University of Montevallo – Montevallo, Alabama
Montevallo, Alabama, is home to a university that takes its name from the town. It’s a public liberal arts school that is ranked high on the U.S. News & World Report’s list of public schools in the state. The campus is beautiful and is characterized by antebellum architecture.
There’s even a yearly Life Raft Debate, which is where every professor must argue why their skill set is more valuable than that of their peers. While tuition for in-state students is $48,360, out-of-state students are required to shell out $100,440!
University of Science and Arts of Oklahoma – Chickasha, Oklahoma
The University of Science and Arts of Oklahoma is a public school in Oklahoma that costs just over $6,000 a year. It’s considered one of the best in-state deals as the education isn’t bad at all. Even though that’s still no small amount, it’s nothing compared to the whopping $99,700 out-of-state students pay to go there.
After 20 years, that makes the return on investment -$65,500, so it might be best to look for your own state for good deals on public schools.
Morris College – Sumter, South Carolina
Morris College is in Sumter, South Carolina, which shouldn’t be confused with Fort Sumter, located in the same state. It’s another historically black college, many of which appear on this list, unfortunately. For a town of only some 40,000 people, many of them are students.
Joining the 551 students at Morris are students from several other institutions that have campuses in Sumter. Four years at the college costs $92,200. The 20-year return on investment from Morris is -$106,800.
The University of Montana Western – Dillon, Montana
The University of Montana Western, as it’s currently called, is located in Dillon, Montana. It used to be called the Montana State Normal school and was formed to train teachers. Later, its name changed to Western Montana College of the University of Montana, and then again to its current name in 2000 on becoming part of the Montana University system.
Some 1,500 students study here, 46% of which can expect to graduate within four years after paying $109,000. The 20-year return on investment is -$71,400, which doesn’t justify the price tag.
Maine College of Art – Portland, Maine
Maine College of Art is also shortened to MECA, and for many New England students this is a Mecca of art expression and learning. That comes at a steep cost, though, with a four-year degree costing $184,000.
That’s astronomical! If you go to school here, don’t expect to use your art degree to make a lot of money, as the return on investment is -$163,600. They claim their “educate artists for life,” but evidently that doesn’t include how to integrate into the workforce.
Brewton-Parker College – Mount Vernon, Georgia
Brewton-Parker offers students a small, intimate education experience in the quiet town of Mount Vernon, Georgia. Out of 2,451 people who live in the town, some 1,119 of them are students at the college. Although many students will be attracted to being so connected with the townies, this comes at a serious sacrifice.
A four-year education costs $113,000, but only 17% actually graduate in time. The 20-year net return on investment is -$92,200 all in all, which is abysmal.
University of South Carolina Aiken – Aiken, South Carolina
The University of South Carolina Aiken, located in Aiken, South Carolina, is part of the University of South Carolina system. Over the past few years, it’s made a name for itself as the fastest-growing of these schools, which are by nature cheaper for students studying in-state.
For out-of-state students, though, the four-year tuition is a whopping $130,000. After 20 years, the return on investment for these students is only -$66,000, which is hardly enough to justify going to school far away from your parents.