Jim Carrey is the latest victim of California’s housing freeze — LA mansion price drops by $7M

Jim Carrey has hacked the price of his long-time Los Angeles estate once again.

The “Yes Man” actor, 62, initially listed his sprawling 10,954-square-foot Brentwood mansion for a hefty $28.9 million in February 2023.

But the lavish pad has failed to find a buyer, prompting Carrey to repeatedly slash the price. The first cut came two months later, dropping to $27 million. By October 2023, he’d trimmed it down again to $24 million.

Now, Carrey has dropped the asking price even further, settling at $21.9 million — a staggering $7 million reduction.

The relentless price cuts highlight the brutal reality facing California’s luxury real estate market ever since the controversial Los Angeles mansion tax kicked in.

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Dubbed Measure ULA, this transfer tax imposes a 4% levy on property sales above $5 million and a 5.5% charge on sales over $10 million, with the funds earmarked for affordable housing and homelessness programs. When Angelenos voted yes in November 2022, it instantly became a hot topic in the L.A. real estate scene.

Critics, especially those in the real estate biz, argue the tax has crippled the market — not just for luxury homes, but also for multifamily developments and commercial properties, as the tax hits all sales over $5 million.

Since the tax took effect on April 1, 2023, L.A.’s luxury real estate market has been in a deep freeze, with sellers yanking properties off the market rather than shelling out hundreds of thousands in extra taxes. A year later, the market remains just as frosty.

In Los Angeles, the only city hit by this tax, sales of homes over $5 million have plummeted at double the rate of other wealthy cities. From April 2022 to March 2023, the year before Measure ULA, L.A. saw 366 single-family home sales over $5 million. In the 12 months since, that number has plummeted to just 166— a jaw-dropping 68% drop, according to data from the Multiple Listing Service.

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Nearby cities haven’t been immune but are faring better. Beverly Hills saw a 24% dip in single-family sales, Santa Monica dropped 29% and Malibu declined 28%.

Now, Carrey finds himself the latest victim of this mansion tax mess.

“In California, the real estate market is experiencing a dry spell. These multi-million dollar properties, if initially priced too high, can linger on the market for an extended period,” a Los Angeles-based broker previously told The Post.

Carrey himself disclosed that his decision to sell stems from his evolving lifestyle.

“For three decades, it’s been a sanctuary for me, but I don’t spend a lot of time there now, and I want someone else to enjoy it like I have,” Carrey previously told The Post in a statement.

Nestled in the upscale Brentwood neighborhood, his one-story estate boasts five bedrooms, six full bathrooms and three half baths. Spanning over two acres, the property offers a tennis court, a waterfall pool and an outdoor treetop platform for yoga and meditation among its many luxurious amenities.

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Inside, the home is bathed in natural light, showcasing modern interiors with brick and hardwood floors, white walls and beamed ceilings with skylights. The chef’s kitchen is a culinary dream, featuring ample cabinetry, a circular island seating three and top-of-the-line appliances, including an indoor barbecue.

The primary suite is a retreat unto itself, with a wood-paneled bathroom equipped with a double vanity, fireplace, soaking tub and privacy-enhancing leaded-glass windows.

Additional rooms include a custom art deco theater, gym, office and ensuite secondary bedrooms, with glass doors throughout offering panoramic views of the tree-lined neighborhood.

Outside, the estate doesn’t disappoint. It boasts a spa area, a pool house with a wet bar, an infrared sauna, a steam room and a guest suite that doubles as a separate gym.

Despite these luxurious features, Carrey’s mansion remains unsold, and the actor’s continued price cuts are a stark illustration of the current state of L.A.’s luxury real estate market.

Janelle Friedman of Sotheby’s International Realty holds the listing.

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