Home Where Michael Jackson Died Sells For $20 Million Less Than Original Asking Price

It was originally listed in 2008 for a whopping $38.5 million.

And four years later, the French Chateau-style mansion where Michael Jackson met his end has been finally sold for $18.1 million and this is $20 million less than original asking price.

The 17,000-square-foot property, designed by Richard Landry and built in 2002, boasts a theater, elevator, gym, pool, wine cellar, and a stunning guest house.

Spooky landmark: The Bel Air home was originally listed in 2008 for a whopping $38.5 million

Major transaction: The buyer was reportedly Steven Mayer, a senior managing director for Cerberus Capital Management, and the seller was Hubert Guez, the chief executive of designer clothing label Ed Hardy

Amenities: The 17,000-square-foot property, designed by Richard Landry and built in 2002, boasts a theater, elevator, gym, pool, wine cellar, and a stunning guest house

Concert promoter AEG leased the Holmby Hills property for $100,000 a month for Jackson, who overdosed on Propofol in one of the home's seven bedrooms back in June 2009.

The 50-year-old king of pop had spent six months in the 1.3-acre mansion while rehearsing for his This Is It concert at the Staples Centre in downtown Los Angeles.

He had been living there with his three children, Prince Michael, 15, Paris, 14, and Blanket, 10.

Haunted? Concert promoter AEG leased the Holmby Hills property for $100,000 a month for Jackson, who overdosed on Propofol in one of the home's seven bedrooms back in June 2009

Final digs: The 50-year-old king of pop had spent six months in the 1.3-acre mansion while rehearsing for his This Is It concert at the Staples Centre in downtown Los Angeles

Memories: Jackson had been living there with his three children, Prince Michael, 15, Paris, 14, and Blanket, 10

The superstar's final concert tour which he referred to as his 'final curtain call' and was due to start at London's O2 arena only weeks after the singer died.

His doctor, Conrad Murray, was later found guilty of involuntary manslaughter and sentenced to four years in prison.