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.
Cher's Miami House (Former) Reduced By $2 Million
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.

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