A TV icon of the 1980s and 90s might soon lose his home to foreclosure, while a TV star of today has just bought a posh new pad in New York City.
Burt Reynolds, who followed up hit movies like "Smokey and the Bandit" and "Cannonball Run" by starring in TV's "B.L. Stryker" and "Evening Shade," might soon be moving out of his Hobe Sound, Florida, house known as "Valhalla." He reportedly has not made a mortgage payment on the $2.4 million residence since September 1, 2010. The 5-bedroom, 7-bath house features a 20-seat screening room, and the property includes a heated outdoor pool, a dock on the Intracoastal Waterway and a helipad.
She might not have an Emmy to match Burt Reynolds', but Bethenny Frankel, reality TV star and entrepreneur, might soon boast swankier digs. She and her husband have reportedly purchased a $5 million home in the TriBeCa building where Jay-Z married Beyonce. The corner unit includes three bedrooms, three bathrooms, 11-foot ceilings and 16 windows. Perhaps even rarer than a helipad, the New York City apartment comes with a designated parking space in a private garage.
These celebrities' different situations reflect national real estate trends. Florida has been plagued by foreclosures since the housing bust, while a Douglas Elliman Realty report showed the average sales price of a Manhattan property rose during the second quarter of 2011.