Grammy winner and multi-platinum recording artist John Mayer has closed escrow this week on his home in the Pacific Palisades. While it went into contract in just thirteen days at very close to asking price, it looks as if Mr. Mayer took a sizable loss on this one. Per MLS records, he purchased the property in June 2006 for $1,750,000 and just sold it for $1,291,875 (interesting price right?). Celebrities are susceptible to the ebbs and flows of the real estate market just like the rest of us, although I am sure he can afford to take the hit more then your "average Joe" could. Although I think the front is kinda hideous, I do like the interior floor plan with it's soaring ceilings and open floor plan. I also like the furnishings and design accents John added. The property is on a large lot with lush green surroundings, and in very desirable Pacific Palisades. Do you think the Piano pictured is where he wrote some of his many hits?