Travis Barker: ~ $2.8 Million, California

Shelling out $2.8 million for this 7,196 square foot, 6 bedroom home in a guard-gated Calabasas community made perfect sense for the Blink-182 rocker Travis Barker, but, Travis does not intend to stay here at all. Instead, he has refurbished and renovated the pad to turn it into a dog friendly rental, which is always a good investment.

At just $27,500 a month, the renters get to enjoy ample entertaining spaces, a double-height sitting room, freshly revamped kitchen with Shaker-style kitchen cabinets, built-in media center in the grand family room, swimming pool and a den/playroom. The high end rental sits on a green plot that is a little over one-third of an acre.