SMOKEY ROBINSON – $2.3 MILLION, LOS ANGELES

Smokey Robinson is best known for founding the Motown group the Miracles. He led the group from 1955 to 1972 when he retired and focused on becoming the record label’s vice president. Where did he get his nickname, though, as his real name is William? As it turned out, credits go to his uncle for giving him the name Smokey, which was adapted from one of the cowboy movies.

The Motown legend’s former property recently got a fair share of headlines after it was posted for listing. Robinson sold his home for 15 years for only $2.3 million. After doing a few renovations and upgrades to the property, the estate’s new owner listed the house for $8.75 million, which is four times the price of what the Robinson originally shelled out. Now that’s how you flip a property. The Miracles’ frontman was also responsible for writing and producing various hit songs during the 1960s and 1970s.