You will be redirected back to your article in seconds

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

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.

Popular on Variety

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

More Dirt

  • Max Greenfield House Pacific Palisades

    'New Girl' Alum Max Greenfield, Tess Sanchez Buy Funky Beach Shack

    Jack Frost may still be nipping at our noses, but summer is basically right around the corner. And Golden Globe-nominated “New Girl” alum and current “The Neighborhood” star Max Greenfield and his longtime wife, Fox Broadcasting VP Tess Sanchez, are keenly aware of that. The couple recently closed on an offbeat L.A. cottage that enjoys [...]

  • Nikkie de Jager House Uden

    YouTuber NikkieTutorials Settles Into Spacious New Home

    In the midst of some high-profile drama in her personal life, 25-year-old Dutch beauty guru Nikkie de Jager — better-known to her legions of fans as NikkieTutorials — has found time to get settled in her new luxury residence on the outskirts of Uden, the bustling Netherlands town that’s about two hours southeast of Amsterdam [...]

  • Meghan Markle House Los Angeles

    Which L.A. Neighborhood Should Meghan and Harry Choose?

    Now that Meghan Markle and Prince Harry have officially lost their royal HRH titles — and the accompanying public payment for their royal duties — it seems all but inevitable they’ll soon begin spending the bulk of their time in North America. Frogmore Cottage, the historic Grade II-listed residence upon which they lavished $2.4 million [...]

  • Ann Yeardye House Beverly Hills

    Ann Yeardye Asks $19.5 Million for Ultra-Secluded Beverly Hills Villa

    A remarkably private estate tucked into the mountains above Beverly Hills has debuted on the market, packing an aggressive but perhaps not entirely unreasonable $19.5 million pricetag. Long owned by the 1960s Chanel model Ann Davis Yeardye, the house is sited in a celeb-friendly pocket of the Beverly Hills Post Office area and is totally [...]

  • Behdad Eghbali House Brentwood

    Billionaire Behdad Eghbali Buys $21 Million Brentwood Estate

    Just months after being crowned a billionaire by Forbes magazine, private equity pasha Behdad Eghbali has significantly upsized his residential circumstances with the baller-style, nearly $21 million purchase of a brand-new mansion in one of L.A.’s most exclusive enclaves. The Iranian-born Westside resident — who manages Clearlake Capital with co-founder and fellow real estate lover [...]

  • Ellen DeGeneres house

    Ellen DeGeneres and Portia de Rossi Buy, Buy and Buy Again in Montecito

    Two of Tinseltown’s most prolific buyers and sellers of luxury real estate in the Los Angeles and Santa Barbara areas, Ellen DeGeneres and Portia de Rossi, are at it again, recently and quietly adding three residential properties in California’s aristocratic seaside community of Montecito to their always in-flux portfolio. Last summer, the daytime chat show [...]

  • Jeff Bezos House Washington DC

    Did Jeff Bezos Buy His Neighbor's Mansion?

    Word on the Washingtonian streets is that Jeff Bezos has stealthily expanded his real estate holdings in the high-nosed Kalorama neighborhood of town. Last week, a stately red brick manor directly across the street from his $23 million Textile Museum estate — currently undergoing major renovations — sold for $5 million in an all-cash deal, [...]

More From Our Brands

Access exclusive content