Will Smith’s ‘Fresh Prince’ mansion gets 25% price cut to $22.95M, may face demolition

While Will Smith may have quickly shifted from Philadelphia to Bel Air, the move is not as easy as it seems for everyone. His opulent home in 'The Fresh Prince of Bel-Air' is back on sale after a king-sized price cut. Earlier this year, a listing priced the mansion at $30 million which attracted a lot of visitors but zero buyers. Now, the abode is back on the market with a 25% price cut, at $22.95 million, according to a report by Realtor.com.However, what makes the listing even more interesting is that the nearly century-old home's heyday has passed and it would likely be torn down by its new purchaser. This is because it would require a massive amount of work and expenditure to revitalise instead of just building anew. If a buyer were inclined to hold onto the home’s history and keep it standing, its entire nearly 6,500 square feet of interior space would have to be gutted and rebuilt. The outside, so frequently seen in the 1990s pop culture landmark show, would need to support that work.While Smith's uncle and aunt owned the home in the popular sitcom, in reality, it has been owned by Farhad Rahban for nearly 50 years as part of his expansive real estate holdings in the Los Ange...