Leonardo DiCaprio, star of the recently released Wolf of Wall Street, has finally found a buyer for the beachfront Malibu property he has been trying to sell for more than a year.
He reportedly sold the property on Thursday for $17.4 million. This price tag is considerably smaller than his original asking price of $23 million, having been dropped in August to $18.9 million, and again to facilitate this sale.
The compound, complete with a main house and two guesthouses, boasts seven bedrooms, two kitchens and a modern gym. Although the home has a private beach that stays dry even during most high tides, a rarity in the neighborhood, as well as lush landscaping on a large lot, it appears DiCaprio experienced a lot of hassle trying to rent and then sell the property.
The features of the property, including high ceilings, plentiful windows, and a flat grassy lawn, make it seem like a desirable investment. However, a 2012 article by the UK’s Daily Mail was harshly critical of the home, calling its décor “plain” and saying that the house, built in Cape Cod style in 1927, “lacks strong character.” Perhaps these were some of the issues faced by DiCaprio in trying to sell the home, which he purchased back in 2002 for $6 million.
Details as to the new owner of the Malibu Colony beachfront complex are unavailable.
