Model Elle Macpherson is the latest celeb to drop the price of her home more than once. The Australian supermodel first put her London home on the market for £9.5 million last summer. The seven-story, Grade II-listed property is located in the Notting Hill area. Macpherson dropped the price to £8.95 million a while back but now she has switched agencies and dropped the price to £7.5 million. She has a recurring role in a new television show, "The Beautiful Life" which will debut in the U.S. this fall. She bought the home in November 2006 after her break-up with multi-millionaire Arpad Busson, the father of her two children. Busson is now engaged to Uma Thurman. The Victorian property was built in the 1850s and has six bedrooms. It has been redone in a modern style and includes a large kitchen with multiple islands
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