London, Oct 25 (ANI): Alicia Keys is reportedly buying Eddie Murphy's Englewood estate for 12 million dollars - less than half the original asking price of 30 million dollars.
The 31-year-old singer plans to live in the house with her producer husband Swizz Beatz and their two-year-old son Egypt, the Daily Mail reported.
The property was called Bubble Hill during Murphy's bachelor days, referring to a slang term for party.
The house has taken many price cuts since it was first put up for sale in 2004, dropping to 22 million dollars in 2007 and as low as 12.75 million dollars in 2010.
"The closing has been delayed for months but they're almost there," a source told the New York Daily News.
"When she closes, she'll buy the two-acre lot behind the house, too," the source said.
Murphy bought the home for 3.5 million dollars in 1985, back then it was 10,000 square feet.
However, Murphy added an additional 15,000 square feet making it one of the most extravagant pads in the area.
The 32-room Colonial mansion was once occupied by Murphy and his former wife, Nicole - whom he met in 1988 and divorced in 2006 - as well as their five children. (ANI)
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