Elle Macpherson is eager to offload her $22 million Florida mansion after slashing price for a SECOND time in two years - as friends reveal why she's hurrying to sell the Coral Gables home

Elle Macpherson has slashed the price of her Florida mansion for a second time to $22million, knocking $7million off the original asking price in a bid to finally offload the property two years after first listing it.

The Australian supermodel, 60, is eager to shift the six-bedroom, Normandy-inspired home she bought in 2018 as she feels now is the right time as her two sons have flown the nest.

The property, located in the private Journeys End Estates in Coral Gables, was first listed in April 2022 for $29million.

She then dropped the price to $27million in the December, before slashing it for a second time to $22million in March 2023.

Elle Macpherson has slashed the price of her Florida mansion for a second time to $22million, knocking $7million off the original asking price

The Australian supermodel, 60, is eager to shift the six-bedroom, Normandy-inspired home she bought in 2018 as she feels now is the right time as her two sons have flown the nest

The property, located in the private Journeys End Estates in Coral Gables, was first listed in April 2022 for $29million, before she slashed it to $27 million eight months later 

She then dropped the price again in April 2023, took it off the market but then re-listed and is now keen to snag a buyer 

On failing to sell the two-story property, she removed the listing in September, before relisting it the following month.

But despite two price drops, Macpherson has not made a sale.

The supermodel, who was born in Australia before moving to New York in the 1980s, purchased the mansion in 2018 for $8.1 million and made it her home after relocating from London with her family.

She was reportedly unsure about how much she wanted to sell up when she first listed it back in 2022, but now that her sons Flyn, 26, and Cy, 21, are fully independent and have moved out she is ready to push for a sale. 

‘She was a little less motivated to sell back in 2022,' a friend of the model told DailyMail.com exclusively. 'She loves the house so much and had offers at the time, but she was not ready to let it go.

‘But now that her sons are older and living on their own, now seems like the right time.’

They added: ‘Her current travel schedule also brings her outside of Florida for most of the year.’

Macpherson, who is dating musician Doyle Bramhall II, shares her sons with her ex Arpad Busson.

A friend of the model said she had interest in 2022 - but she didn't feel ready to sell the property

The friend said: 'Now that her sons are older and living on their own, now seems like the right time'

 At $22million, Macpherson is asking for $3million over the average price in the neighborhood, which runs around $19.14million.

Journeys End Estates recently replaced regions in California and New York for the most expensive homes in the United States. 

Celebrities such as Pharrell and Jennifer Lopez’s exes Alex Rodriguez and Marc Anthony all bought properties in the ritzy region before the pandemic.

Macpherson’s palatial 8,314 sq ft. home boasts six bedrooms – including a large master suite with two walk-in wardrobes – as well as six bathrooms and one powder room.

There is a large living and entertaining area, dining room and a chefs kitchen with marble bench tops, as well as a separate office space and a library.

Walls are adorned with artworks by Damien Hirst, John Wesley, Andy Warhol and Jean-Michel Basquiat among others.

The outdoor space has a large saltwater swimming pool and a relaxing lounge area surrounded by sprawling, manicured gardens with oak, lemon, orange and mango trees.

There is also a private dock and tennis courts for use by Journeys End Estates residents.

Celebrities such as Pharrell and Jennifer Lopez’s exes Alex Rodriguez and Marc Anthony all bought properties in the ritzy region before the pandemic 

Macpherson’s palatial 8,314 sq ft. home boasts six bedrooms – including a large master suite with two walk-in wardrobes – as well as six bathrooms and one powder room

Macpherson hired New York City–based AD100 architecture, interiors, and landscape firm Sawyer | Berson on buying the property, which had previously been renovated in 2017 by Miami-based architect Chad Oppenheim.

House-proud Macpherson previously spoke to Architectural Digest about her decision to purchase the mansion, revealing it was not what she wanted initially.

'This place is so different from what I had in mind, but I believe in being openhearted and open-minded in life, and this space and location just felt right,' she told the publication in 2019.

'I wanted the house to feel effortless, eclectic, and fun, with no pretension. But it still had to feel considered. Less is more, but it can also be more challenging. It requires discipline and editing.’

Known as the 'girl next door' figure on starting out in the 1980s, Macpherson went on to become part of the new generation of supermodels alongside Naomi Campbell, Linda Evangelista and Cindy Crawford among others, landing Vogue covers and walking for the likes of Louis Vuitton and Ralph Lauren.

In March, she walked her first runway in 14 years at the Triumphant x PayPal Runway at Melbourne Fashion Festival in Australia.

Lourdes Alatriste and Pablo Alfaro of Douglas Elliman have the listing.