Mel sells, sells, buys

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We’ve been slacking off in the celebrity real estate department, in part because we’re not crazy about the demi-celebrities (Nicky Hilton, etc.). But when an A-list, single-name celebrity does nearly $100 million in real estate deals on three coasts, we figure it’s worth a link.

So here are Mel Gibson’s recent moves, and there will be a short quiz to follow:

Sold his 7,000 SF beachfront Malibu home for ‘nearly $30 million,’ according to the LA Times.
Sold his 28-room, Tudor-style mansion in Greenwich, CT, for $39.5 million.
Bought a 400-acre ranch in Costa Rica for $25.8 million.

Our Quiz: Does this mean anything? We consider Gibson a shrewd businessman. Is he bailing on luxury U.S. real estate at the peak? Or, are we incorrect in viewing him as a smart businessman. Or, perhaps, his buyings and sellings have nothing to do with the real estate market. You tell us.

Photo Credit: AP