Not everything Jessica Simpson touches turns to gold.

The singer turned fashion mogul hasn't been able to unload her Beverly Hills mansion, and has decided to drop the asking price by a whopping $700,000.

Originally listed at $7.995 million, the home she purchased to live in as a single girl after her divorce from Nick Lachey, has a new price tag of $7,295, according to the real estate listing service, Redfin.