Price Slashed on Spederline House

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Britney Spears and Kevin Federline have slashed the price of their Malibu estate.2

The seven-bedroom mansion was put on the market in January for $13.5 million, but was dropped to $11.9 million late last week.

Spears bought the Serra Retreat property for $6.9 million in 2004.

Via PEOPLE.com

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