As we previously reported, RHOC stars Shannon and David Beador finally sold their Newport Beach mansion after having it on the market for several years, however they took quite a hit on the asking price.
The 13,306 square foot mansion in the desirable Crystal Cover neighborhood of Newport Beach, California and features its own gym and basketball court. The couple originally listed their home in 2013 for $16 million and it just sold for $9.05 million on April 28th. So what caused the couple to take a $7 million hit on the price of their home? Let’s find out.
David infamously cheated on Shannon in 2015 with his mistress Nicole McMackin, and according to a source close to Shannon, “She really just wanted to get rid of the house after David’s cheating scandal because it carried a lot of bad memories.”
“Shannon knew that if she didn’t sell the house than she might not be asked to return next season,” the source told RadarOnline.
“Shannon and David are strapped for cash right now, which is why they took such a huge cut he house,” the insider noted.
Check out the photos of the Beador’s home below.
Photo Credit: Bravo/Trulia