Britney Spears recently sold her Calabasas, California home in an off-market deal for $10.1 million, marking a loss from the $11.8 million she and her husband, Sam Asghari, paid for it just a year earlier. The sale, completed on March 1st, resulted in a roughly $1.7 million deficit compared to their purchase price and fell short of their initial off-market listing price of $12 million.

The new owner is reported to be a personal injury attorney from Texas. Spears and Asghari’s decision to sell the property was influenced by their preference for more privacy, as the Calabasas location was deemed too exposed. They now reside in another home in Thousand Oaks, a short drive away.

This transaction comes amidst a broader real estate market affected by declining home prices and rising mortgage rates aimed at combating inflation. Despite the financial loss on the sale, Spears’ recent legal emancipation from her conservatorship has marked a new chapter in her life, allowing her more personal and financial independence.