David & Victoria Beckham to Sell British Mansion: Reports
03/25/2012 AT 01:45 PM EDT
That's the word out of Britain, where multiple reports say David and Victoria Beckham are planning to sell their 24- acre English estate dubbed Beckingham Palace.
The asking price is around $28 million, according to the Daily Mail.
When the couple and their children moved to Los Angeles in 2007, they held on to the property, located north of London in Hertfordshire, as a base for when they went back home.
The Beckhams bought the seven-bedroom estate in 1999 for nearly $4 million and are said to have spent millions renovating the property to include, among other things, a 52-ft. garden pavilion with a marble floor, indoor and outdoor swimming pools, tennis courts, recording studio and gym.
But with the couple's three sons settled into their Hollywood lives and a recent family addition, daughter Harper, they seem to be strengthening their ties to the States.
Earlier this year David, signed a new two-year deal with the LA Galaxy soccer team, after turning down an offer to join France's Paris Saint-Germain club.