Leonardo DiCaprio put his Malibu beach house on the market last month, after 18 years of ownership. His asking price? A cool $10.95 million.
DiCaprio purchased the home in 1998, on the heels of the release of Titanic – the colossally popular film that catapulted him into mega-stardom. The modern, bungalow-style house is modestly sized – just 3 bedrooms, 2 bathrooms, and built on a lot that is less than one-fifth of an acre – but is listed at almost seven times the cost of what DiCaprio originally paid for it.
The house underwent a number of renovations while owned by the Academy Award winner, however, including a new wooden deck – replete with Pacific Ocean-facing hot tub – and a recently upgraded kitchen.
The home also offers a spacious patio with a stairway leading directly to Carbon Beach – a popular spot among the town’s many celebrities. A gem among Malibu beach real estate, the house is expected to fetch its full listing price, if not more.
Another celebrity-owned oceanfront estate currently up for sale – hip-hop star Lil Wayne’s Miami Beach mansion – is a bigger, flashier alternative to DiCaprio’s quaint, 1,765-square-foot bungalow.
At 15,101-square-feet, the three-story home contains nine bedrooms, nine bathrooms, a movie theater, a rooftop skate park, a professional recording studio, a shark tank, and even a separate, three-bedroom guesthouse.
The rapper – whose real name is Dwayne Carter Jr. – initially listed the home in April of 2015 for $18 million, but dropped the price to $14 million in July of this year when it failed to generate serious interest among buyers. Less than two months later, Carter Jr. again lowered the price of the mansion, this time to $12 million – $6 million below its original listing.
With a heavily-windowed façade of colliding geometric planes, the house – painted entirely white, inside and out – boasts a sleek, modern aesthetic. The pool and palm trees in the backyard of the house further contribute to the home’s distinctly-Miami look and feel, as do the koi pond, the glass elevator, and its carefully manicured lawns. A narrow pier lining the water’s edge leads to a private boating dock.
The house received news coverage in August of this year, when it was descended upon by SWAT teams who were responding to a caller claiming that a man had been shot at the home. The SWAT team members reportedly conducted a thorough search and found nothing to substantiate the claims.
It’s anyone’s guess as to whether the estate will soon sell, or if Lil Wayne will have to further slash its asking price, and stomach the loss on his investment. The house is perched atop La Gorce Island – one of the premier islands off of Miami Beach – and it overlooks a canal leading into Biscayne Bay. At $795 per square foot, the home is priced well below the $965-per-square-foot average among homes on La Gorce Island.