x17 France

« BREAKING NEWS - Russell Brand Files For Divorce From Katy Perry | Main | Ellen Pompeo And Hubby Coordinate Ensembles In Beverly Hills »

EXCLUSIVE PHOTOS - Pierce Brosnan's $45 Million Beachside Investment All Washed Up

Posted on Fri Dec 30, 2011 12:35 PM PDT

PBrosnanMansionMalibu1211_04_X17inset.jpgmansion disaster real estate malibu beach house

Pierce Brosnan recently sold his gorgeous Mediterranean estate on Broad Beach Road in Malibu for $2.79 million ... in order to move into this enormous, beachside Bali-style mansion also on Broad Beach Road that's been under construction for eight years. Back then, the 007 actor shelled out close to $45 million for the property.

Problem is ... the sand in front of this property has been eroded so much over the years that Brosnan and his wealthy neighbors are concerned that their oceanfront properties will soon be sitting up right against the water. As the sand gets washed away, so does the value of these pricey properties!

Residents living on the posh Malibu street have brought in massive boulders to protect their oceanside homes from the rising tides.

One of Brosnan's neighbors (two doors down!) is director Steven Speilberg ... who recently rented out his sprawling beach house to the Beckhams.

See more of Brosnan's diminishing property in our gallery below.

Life's a beach!



comments powered by Disqus
Celeb Digs - Luxury Celebrity Real Estate
Justin Bieber In Japan
We Want Your Tips
X17 on Twitter
Like us on Facebook!
Latest Celebrity Tweets

Who do YOU prefer as Steve Jobs?

Ashton already nailed it -- loved his performance in Jobs!
I can't take Ashton seriously -- Leo all the way!
  • Vote
  • View Results
Which looks is worse on Kendall -- tits tee or nose ring?
Tits Tee Nose Ring