Leonardo DiCaprio Makes Off-Market Deal for Estate-Sized Spread Above Malibu’s Paradise Cove (EXCLUSIVE)

Leo DiCaprio Paradise Cove Property
via Zillow

BUYER: Leonardo DiCaprio
PRICE: $23,000,000
SIZE: 1.76 acres

YOUR MAMA’S NOTES: Circumstantial evidence certainly suggests and indefatigable real estate yenta Yolanda Yakketyyak swears on her top-secret holiday fruitcake recipe that it was Leonardo DiCaprio who shelled out $23 million in a covert, off-market deal for a 1.76-acre ocean-front property above Malibu’s postcard-ready Paradise Cove. The property, along a low bluff shared with luxurious beachfront estates owned by reality TV super-producer Mark Burnett and NBCUniversal vice chairman Ron Meyer, was acquired through a corporate entity linked to Mister DiCaprio’s Appian Way production company.

A deep dive into property records reveals the property, with about 90-feet of beach frontage, was once owned by prolific four-time Oscar-nominated film and television producer Ridley Scott who picked up the property in June 2004 for $7.2 million and sold it at a considerable profit about 1.5 years later for $11 million to a corporate entity linked to New York City-based billionaire businessman Vince Viola. Mister Viola, the son of a truck driver and a self-made man with a net worth estimated by the bean counters at Forbes to be in the range of $1.78 billion, briefly listed the property on the open market in 2012 with an asking price of $15 million and listing details from the time show the mostly undeveloped estate-sized spread then had a freshly renovated 610-square-foot cottage with one bedroom and one bathroom plus a viewing deck with panoramic coastline views. Mister DiCaprio’s plans for the property are unknown.

Mister Viola, recently nominated by president-elect Donald Trump as Secretary of the Army, is certainly no stranger to the property gossip columns. In late 2013, amid much hullabaloo and tongue-wagging, he put an unapologetically palatial, 40-foot-wide townhouse on New York City’s Upper East Side — it has a recording studio in basement and a swimming pool in the sub-basement — up for grabs with an idiosyncratic and publicity assuring asking price of $114,077,00 million. The asking price dropped to $98 million before the roughly 20,000-square-foot behemoth was pulled from the market in the fall of 2014.

Earlier this year Mister DiCaprio, Oscar-winning star of “The Revenant” who is slated to produce and co-star with Jonah Hill in the bio-drama “The Ballad of Richard Jewell,” sold an apartment in New York City for $8 million — he took a punishing $2 million loss on the condo that the bought several years ago for $10 million — and he additionally got rid of a fairly ordinary if hardly inexpensive ranch-style home in an affluent though unsung neighborhood in Studio City for $2.237 million. Even with those sales his residential property portfolio remains fat. Our research indicates he continues to own an ocean-front home along Malibu’s Carbon Beach that is currently on the market at just under $10 million as well as a Spanish style house in the Silver Lake area of Los Angeles and two neighboring homes near the tippy-top of the Bird Streets ‘hood above the Sunset Strip. He additionally maintains: a Donald Wexler-designed mid-century modern residence in Palm Springs scooped up in early 2014 for $5.23 million; a couple of spacious apartments in an eco-consciously built complex in the Battery Park area of lower Manhattan acquired in two separate transactions several years apart at a combined cost of $11,665,700; and, with investment partners, Blackadore Cay, a 104-acre private island off the coast of Belize purchased in 2005 for $1.75 million and currently being developed into a high-end eco-resort.

Photo: via Zillow

Filed Under:

Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Cheese Cake says:

    The purrrrrfect hunting grounds for lil kittens who’ve lost their mittens. Mmhmm

More Dirt News from Variety