American Idol creator Simon Fuller lists lavish Beverly Hills mansion for $15.9 million

American Idol creator Simon Fuller has again listed his lavishly renovated mansion in Beverly Hills after slashing the price to $15.9 million.

At that price, the British reality TV and music entrepreneur would make a decent profit, after snapping up the five-bedroom home for $8.5 million in July, 2005.

But it’s $5 million below his initial asking price, when he listed the mansion for sale at $21.5 million in 2014, and again at $19.995 million in 2015, with no takers.

Breathtaking: Simon Fuller listed his renovated Beverly Hills home on the market for $15.9 million, almost twice the amount he paid for in 2005

The 8,000 sq ft. home has been named the ‘crown jewel’ of one of Beverly Hill’s finest streets.

The five-bedroom, eight-bathroom mansion, located on almost an acre of land, combines a traditional elegance with modern sophistication.

Conveniently located near the Beverly Hills Hotel and Rodeo Drive, the massive home sits on a cul de sac with terraces that overlook the Marmol Radziner designed pool and a detached guest house.

Simon’s home offers privacy with walled and gated doors as it sits on a lot of approximately 38,000 square feet.

Secure: Located on almost 38,000 square feet, the estate is listed on what is known as the 'crown jewel' of Beverly Hills' most popular neighborhood 

Secure: Located on almost 38,000 square feet, the estate is listed on what is known as the ‘crown jewel’ of Beverly Hills’ most popular neighborhood 

Class with a touch of modern: The historical yet contemporary home consists of five bedrooms and eight bathrooms

Class with a touch of modern: The historical yet contemporary home consists of five bedrooms and eight bathrooms

Fancy: Sunlight and nice touches of decoration make each home in the house unique

Fancy: Sunlight and nice touches of decoration make each home in the house unique

Views galore: The 8,000 sq ft. home sits on almost an acre of land with beautiful views

Views galore: The 8,000 sq ft. home sits on almost an acre of land with beautiful views

Upgraded: Purchased in 2005 for $8.5 million, Simon's compound has  been redesigned with a contemporary flavor

Upgraded: Purchased in 2005 for $8.5 million, Simon’s compound has  been redesigned with a contemporary flavor

One of the home’s key amenities is the floating, sculptural staircase that leads to the second floor of the historically contemporary estate. 

Other lavish features consist of a luxe screening room, a plush wine cellar/tasting room, an open-plan, granite kitchen equipped with bar seating, an office, sauna and fitness center. 

In addition, French doors in several rooms overlook a mountainous view.  

Dramatic: One of the key features of the home is the floating, stylistic staircase that cascades to the second floor

Dramatic: One of the key features of the home is the floating, stylistic staircase that cascades to the second floor

Sculptural: The staircase is the most modern touch to the home

Sculptural: The staircase is the most modern touch to the home

Overlook: The mansion, both walled and gated for privacy, features a Marmol Radziner designed pool on the lower level

Overlook: The mansion, both walled and gated for privacy, features a Marmol Radziner designed pool on the lower level

Views: The property also features a detached guest house

Views: The property also features a detached guest house

Nature at its finest: French doors lead to vast terraces of the house, with a mountainous view in the background

Nature at its finest: French doors lead to vast terraces of the house, with a mountainous view in the background

Peaceful: Serenity flows through the inside and outside of the home

Peaceful: Serenity flows through the inside and outside of the home

Simon first gained acclaim as the manager of Spice Girls and went on to work with Kelly Clarkson and Carrie Underwood. 

This listing comes amid a court motion that would cause the 56-year-old to lose out on 10 percent profit share from his created-shows, American Idol and So You Think You Can Dance, according to The Hollywood Reporter. 

This development follows a growing argument between Simon and the shows’ parent company, Core Media, that filed Chapter 11 bankruptcy in April after Fox cancelled Idol.

There is no word on where he is planning to move next, however, the LA Times reported that the British entrepreneur bought another home in Los Angeles in 2014 and sold two apartments in the Plaza Hotel, according to Forbes. 

Family home: Although massive, the Beverly Hills house is suitable for a family to feel right at home with amenities for everyone 

Family home: Although massive, the Beverly Hills house is suitable for a family to feel right at home with amenities for everyone 

Flavorful: The open-kitchen plan with a granite bar is offered with the purchase

Flavorful: The open-kitchen plan with a granite bar is offered with the purchase

Room with a view: The 5 bedrooms have large windows overlooking the view

Room with a view: The 5 bedrooms have large windows overlooking the view

Great for a  get-together: Equipped with a bar and screening room, there are perfect amount of rooms suited for a nice gathering with friends

Great for a  get-together: Equipped with a bar and screening room, there are perfect amount of rooms suited for a nice gathering with friends

Nice: A semi-circle, velvet couch is perfect for family and friends to gather on

Nice: A semi-circle, velvet couch is perfect for family and friends to gather on

Lavish: Another luxurious feature is the plus wine cellar/tasting room along with a gym and sauna

Lavish: Another luxurious feature is the plus wine cellar/tasting room along with a gym and sauna

Good taste: The 56-year-old, pictured with his wife, Natalie Fuller in June, is best known for his creation of the Idol franchise 

Good taste: The 56-year-old, pictured with his wife, Natalie Fuller in June, is best known for his creation of the Idol franchise 

Read more at DailyMail.co.uk