MEGADETH's DAVE MUSTAINE Drops Another $700,000 From Asking Price Of California Estate

According to Zillow, MEGADETH leader Dave Mustaine has dropped another $700,000 from the asking price of his Fallbrook, California estate.

Mustaine put his house on the market in October 2015 for $5.375 million — more than five times what he paid for it three years earlier — but that price came down in June 2016 by almost a million and a half to $3.895 million. The property now sits at an even lower price of $3.195 million.

Mustaine and his family moved to Nashville in October 2014 after living in Fallbrook for a couple of years.

Speaking to MetalIreland.com, Mustaine stated about his California house: "Property like that, it's hidden, it's a bit off the beaten path, and we're not in a hurry to sell it. We want the right buyer too. We're obviously still quite attached to it. When we got it, it was abandoned, so we've completely restored it from the ground up. I mean, it has a vineyard on it, and that alone is worth the price of admission… It has a sort of 'Lord Of The Rings'… well, actually, no... more like 'The Hobbit' feel to it, with the thatched roof and everything."

On the topic of his move to Nashville, Mustaine said: "I've lived there four times before, because we did records there. So I've lived there for several months at a time… I want [my daughter] Electra to pursue her [country music] dreams. I can do my job anywhere, really… It's good for me, because my daughter is happy, and I think, if you love your children, you'll always want to protect and provide for them. And, like I said, I can pretty much do my job anywhere."

According to the Los Angeles Times, Mustaine's 9.5-acre country English-style home in the northern San Diego community was built in 1990 and includes vineyards, pastureland and a pond.

The 5,345 square feet of living space includes a paneled media room/den, a bar, an office, a gym, five bedrooms, five full bathrooms and two powder rooms. There is also a state-of-the-art sound and recording studio, a control room, a reception room and a producer's boarding room.

Public records published by Trulia.com indicate the home was last sold in December 2012 for $995,000.

You can take a virtual tour of the estate at this location.

Check out photos of the property at Los Angeles Times.