Bruce Springsteen has sold one of his homes at a $150,000 loss.

The 60-year-old rocker had advertised one of his lavish mansions in Wellington, Florida – which boasted five bedrooms and six bathrooms - for sale at $3.95 million.

He bought the 7,862 square-foot property in April 2008, with his wife Patti Scialfa, for $3.1 million and finally sold it for $2.95 million - $150,000 less than they the original purchase price.

Despite the financial loss, Bruce isn't expected to miss the house too much.

Shortly after moving into building, he and his spouse bought the property next door on the Equestrian Club Estate for $4.6 million and the couple have always preferred to stay there.

Both properties have outdoor swimming pools and overlook a large pond.

It is believed the musician has sold the property to billionaire couple Daniel Podell Crown and his wife Ellen.

As well as their remaining Florida home, Bruce and Patti also own a horse farm in New Jersey.