03/03/2016 06:21 EST | Updated 03/04/2016 01:59 EST

Celine Dion's Florida Home Can't Sell. So She Slashed The Price.

It's the second time she's lowered the asking price.

Celine Dion has had a tough time selling her luxury home in Florida at $62.5 million.

So, she has slashed the price to a much more affordable $45.5 million.

Photo gallery Celine Dion's Jupiter Island Mansion See Gallery

Dion and her late husband René Angélil had the home built on Florida's Jupiter Island in 2010, The Montreal Gazette reported Thursday.

It's a spectacular gated property that's as much a waterpark as it is a home. Five separate pavilions include two guest homes with four bedrooms each, according to The Pinnacle List.

The buildings sit next to a 500,000-gallon waterpark that has pools, waterslides, as well as a lazy river. A seperate, 126-metre-long pool overlooks the Atlantic Ocean.

Dion's property was first list for $72.5 million in 2013. It was reduced to $62.5 million in 2014.

Realtor Joseph Montanaro told Gossip Extra that slashing the price means the singer could take a big loss on the home, as the original listing price was around what it cost to build it in the first place.

Celine Dion performs during the Sinatra 100 - An All-Star Grammy concert at The Wynn in Las Vegas on Dec. 2, 2015. (Photo: Eric Jamison/Invision/AP)

The chanteuse had more luck selling a mansion on an island off Laval, Que. earlier this month.