Cher’s former Miami Beach home located at 64 La Gorce Circle, on beautiful La Gorce Island, was just reduced by $2,000,000 in asking price. The price was dropped from $16,900,000 to a more reasonable $14,900,000. Boasting 6 bedrooms and 7.5 Bathrooms, the lovely mediterranean home has a very spacious 11,460 square feet of living space, and sits on a lot measuring 29,507 square feet, with 158 linear feet of bay front.
The home was purchased in June 2006 for $9,700,000; some remodeling was done to the property, and in October 2006, it was put back on the market for sale at an asking price of $ 14,420,000. The price was then raised 3 times to a high of $16,900,000 in December 2007, before being dropped back down yesterday to $14,900,000.