JUPITER INLET COLONY — The price of Grease star Olivia Newton-John‘s house in Jupiter Inlet Colony is melting like a glacier in global warming!
The 6,300-square-foot waterfront house built in the shadow of the historic Jupiter Inlet Lighthouse is now on the market for $5.6 million, its third price reduction this year.
It was first listed in May 2013 for $6.2 million!
The Australian actress and John Easterling, her medicinal herb peddler husband, could lose as much as $600,000 on the sale at the latest price.
They bought the place at 104 Lighthouse Drive in 2009 for $4.1 million and sunk $2 million in an extensive renovation.
“It’s going to sell,” said local luxury real estate broker Rob Thomson. “It’s a great house, right by turquoise waters in a really private community. Now, it’s priced to sell.”
Why has the house been on the market for so long?
The singer and star of Xanadu was having the house prepped for a sale to TV personality Rosie O’Donnell last August when contractor Christopher Pariseleti shot himself in a backroom.
Florida law forces realtors have to report the death to potential buyers.
Newton-John and her husband recently spent $550,000 on a condo nearby, according to property records, and live there as the mansion lingers on the market.