American actor and film producer Leonardo DiCaprio has purchased one of President-elect Donald Trump’s cabinet picks $23 million for a almost barren 1.8-acre Malibu beachfront property, records show.
The home on Pacific Coast Highway is situated in a special neighborhood of celebrity-owned mansions, wedged straight between “Friends” star Courteney Cox and also TV producer Mark Burnett, based on estate information. However in contrast to their impressive beachfront houses, “The Beach” star’s new digs are made up of a one-bedroom, cliff-side bungalow the dimensions of an affordable Manhattan flat.
From the road, a thick of trees and also overgrown brush shelter the property, secured by a simple chain-link fence. However beyond the fence, along an unkempt gravel road, is exactly what appears like an impressive as well as unobscured cliffside vista.
real estate investor, Mr. DiCaprio, 42, paid for the property under company known as Jinpar 1031 at the end of November, based on the deed, which lists the mailing address of Mr. DiCaprio’s production company Appian Way.
The seller was none other than Mr. Trump’s select for Army secretary, Vincent Viola, a billionaire investor, who acquired the property back in 2006 from English film director Sir Ridley Scott for $11 million, based on real estate records. Mr. Viola’s son, Michael Viola, authorized the property over Mr. DiCaprio’s LLC, as outlined by the deed.
Mr. Viola is no unfamiliar person to the real estate limelight. He together with his wife, Teresa, created news in in 2013 after they listed their restored 19th Century Upper East Side townhouse for $114 million.
Mr. DiCaprio’s acquisition comes in the midst of a flurry of sales and also listings by the actor. A year ago, he sold his Studio City home for $2.237 million and then his condo in Greenwich Village for $8 million. The “Titanic” movie star continues to be aiming to sell some other Malibu pad for $10.95 million, about seven times what he paid for it.
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