Bruce Springsteen, winner of 20 Grammy Awards, has sold one of his two neighboring homes in Florida’s Palm Beach County for $1 million less than its original list price, reported the Palm Beach Daily News. This is just further proof that celebrity real estate isn’t immune to the housing bubble.

The legendary rocker sold the home at 3561 Ambassador Road in Wellington for $2.95 million, a big cut from its original $3.95 million list price. The sale price is also less than the $3.1 million Springsteen paid for the 5-bedroom in the spring of 2008. The $150,000 loss (not including his real estate agent’s cut), may seem like a drop in the Atlantic Ocean for a man worth millions, but when you consider the short time he owned the home, it’s quite a chunk of change.

The Springsteens’ primary residence is in Rumson, N.J., and they also own a home in Beverly Hills, CA