Barry Manilow Can Live Without Malibu

Barry Manilow is the latest celebrity to be caught up in the real estate down-turn.  The singer/songwriter has dropped the price on his oceanfront Malibu pad to an even $10 million from the $12.6 million on the original listing.

The house has just over 3,500 sq ft. with separate guest quarters.  There’s a media room with ample room for your baby grand, a chef’s kitchen, and several terraces perfect for sunset-watching. He paid $3,850,000 when he bought the place in 2002.

So why is Barry selling?  A close friend of the American Idol mentor told RadarOnline.com that as much as Barry loooooves the place, with his main home in Palm Springs, CA, an apartment in Manhattan, and his standing show at the Las Vegas Hilton, Mr. Manilow “just never has time for the beach.”

(Photo: WENN)