Mel Gibson's Malibu Home
Located in the small, gated community of Serra Retreat, the Malibu estate of Braveheart star Mel Gibson is on the market. Owned by the actor since 1993, the six-bedroom, six-bathroom main house sits on a lushly landscaped lot full of mature trees, fruit orchards and organic gardens. Mel originally listed the home for $14.5 million in 2010 but has since slashed the price to $12.75 million. After two additional price reductions, Mel Gibson's Malibu estate is now listed for $11.25 million. UPDATE: After multiple price cuts, Mel Gibson finally sold his Malibu estate for $9,261,250 in September 2012.