×
You will be redirected back to your article in seconds

A Kentucky Horse Farm Owned by Johnny Depp Heads to Auction

SELLER: Johnny Depp
LOCATION: Lexington, KY
PRICE: last listed at $2,900,000
SIZE: 41.32-acres, 5,944 square feet, 6 bedrooms, 6.5 bathrooms plus guesthouse and numerous farm and equestrian buildings

YOUR MAMA’S NOTES: After it failed to secure a buyer on the sales market, a Kentucky hobby horse farm, about eight miles outside historic Lexington and owned by globe-trotting Hollywood heavyweight Johnny Depp, will go up for auction next month. The bucolic 41.32-acre equestrian spread first came sale late last year at $3.4 million and the price tumbled to $2.9 million before an auction, handled by Halfhill Auction Group, was set for September 15. The property has an undisclosed reserve price, the minimum price for which the property will be sold. The “21 Jump Street” teen idol turned three-time Oscar nominated movie star, born in nearby Owensboro, KY, but raised mostly in Florida, has an interesting history of ownership with the rural property that he first purchased in 1995 for $950,000 and sold in 2001 for $1 million only to buy it back in 2005 for $2 million. The property was purchased for his mother, Betty Sue Palmer.

A long, gated drive swoops and curves up to a sprawling, ranch-style main residence of 5,944-square-feet that dates to 1915 and is fronted by a genteel, Georgian-style portico that provides a sweeping view over the farm’s rolling, postcard-picturesque pastures. The interiors are certainly more prosaic and less opulently decorated than the grandiose bohemian extravaganzas of Mister Depp’s myriad residences around the world and include six bedrooms, 6.5 bathrooms, formal living and dining rooms, a home office and a spacious family room that adjoins a glass-roofed sunroom. The sky light topped kitchen has been redone with sleek, modern cabinetry, butcher-block counter tops, high-end appliances and, curiously, wall-to-wall shag carpeting. The house opens to grassy backyard with a swimming pool and a children’s playground and the property additionally includes a small guesthouse or manager’s cottage, a detached four-car garage, a couple of barns with 15 stalls for horses and four automatically watered paddocks.

The timing of the sale/auction may or may not have something to do with the ongoing legal imbroglio in which Mister Depp is embroiled with his former money managers. The top earning star, who earns between $10-20 million per film plus a big chunk of the backend profits but nonetheless found himself to be $40 million in debt, contends his fortune was mismanaged by his former money handlers Joel and Rob Mandel at The Management Group who claim Depp’s weakened financial situation is due to a profoundly profligate lifestyle that cost the lavish living A-Lister about $2 million per month. Mister Depp’s jaw-dropping expenses reportedly includes as much as $30,000 a month for wine, $300,000 a month to maintain an international staff of 40, and another $200,000 a month on private planes. CNBC reported last month Mister Depp’s former business managers, who firmly claim no wrong doing, are now under investigation by three federal agencies for potential fraud and money laundering.

Oceans of high-priced wine and frequent private plane trips aside, the “Pirates of the Caribbean” franchise star has long presided over a vast portfolio of extraordinarily high-maintenance properties around the world. In addition to Little Hall’s Pond Cay, a largely undeveloped 45-acre private island in the Bahamas that he picked up in 2004 for around $3.6 million, since 2001 he’s owned a lavish and eclectically decorated, 37-acre village-like compound in the south of France that was for sale in 2015 and 2016 with asking prices that dipped to as low as about $26 million and soared to as high as around $63 million.

In Los Angeles the 53-year-old actor, who has numerous professional irons in the fire including a lead role in the upcoming bio-drama “LAbyrinth” about the 1996 murders of Tupac Shakur and Notorious BIG, owns at least five houses along the same winding cul-de-sac just above the Sunset Strip. The largest of the residences, which are not contiguous, is an imposing 7,500-square-foot chateau-style mansion on about 2.75 landscaped acres he’s owned since 1995 when he bought it for $1.89 million. None of those homes are currently for sale on the open market but at one time Mister Depp owned five penthouses at the iconic Eastern Columbia building in downtown Los Angeles that he acquired in 2007 and ’08 for a total of about $7.2 million and put up for sale last year at a combined price of $12.78 million. Four of the units have been sold for a cumulative $10.22 million and the fifth remains available at $1,799,000.

The farm is listed for sale with Gary Denton of Rector Hayden Realtors.

More Dirt

  • Silvio Horta House

    ‘Ugly Betty’ Creator Silvio Horta Seeks Sale of Laurel Canyon Villa (EXCLUSIVE)

    Silvio Horta, 2007 Emmy nominated creator, writer and executive producer of the syndicated sitcom “Ugly Betty,” has his West Hollywood, Calif., home up for sale at $3.85 million. Currently at work with superstar Mary J. Blige on a musical dramedy called “Move,” Horta has owned the property since the spring of 2007, when he picked [...]

  • Angie Harmon House

    Angie Harmon Seeks Renter for Los Angeles Cottage (EXCLUSIVE)

    A comfortably humble if hardly inexpensive Los Angeles residence owned by fashion model turned bombshell “Baywatch Nights” actress Angie Harmon has come up for rent at $15,000 per month. The “Rizzoli & Isles” alum, who has long resided primarily in Charlotte, N.C., paid $3 million for the property in late 2015, about a year after [...]

  • Nick Zano Purchases Calabasas Home

    'Legends of Tomorrow' Star Nick Zano Nabs Calabasas Mountain Retreat (EXCLUSIVE)

    “Legends of Tomorrow” star Nick Zano and his long-time partner, actress Leah Renee, rang in the New Year, according to always impeccably informed real estate yenta Yolanda Yakketyyak, with the not quite $1.6 million purchase of a sylvan hideaway tucked down a private lane in the rugged mountains between Calabasas and Malibu. Surrounded and shaded [...]

  • Tia Mowry Agoura Hills Home Sale

    Tia Mowry’s Listing in Agoura Hills Has Family Pedigree (EXCLUSIVE)

    All-grown-up teen star Tia Mowry has her former home in an affluent enclave in L.A.’s far western suburb of Agoura Hills, Calif., available at a bit more than $1.5 million. Property records indicate Mowry, two minutes younger than her twin and “Sister, Sister” co-star Tamera — and currently holding down a co-starring role on the [...]

  • Drew Taggart List West Hollywood Home

    Drew Taggart of the Chainsmokers Selling West Hollywood Villa (EXCLUSIVE)

    Drew Taggart, one half of the hugely successful, money-minting EDM-pop duo the Chainsmokers, has listed an ultra-contemporary villa in the trendy and increasingly spendy Melrose District of West Hollywood at just under $4 million. The Grammy-winning DJ and producer who, together with Alex Pall hauled in more than $45 million in 2018, according to the [...]

  • Jennifer Lopez House

    Jennifer Lopez and Alex Rodriguez List Ultra-Luxe Manhattan Condo

    Though they bought the 36th-floor condo just under year ago for not quite $15.317 million, Jennifer Lopez and Alex Rodriguez have decided their 4,000-square-foot condo at the sensationally slender and spectacularly tall tower at 432 Park Avenue in Midtown Manhattan it isn’t large enough to comfortably accommodate their blended family of six in the three-bedroom [...]

  • Maggie Gyllenhaal House

    Maggie Gyllenhaal and Peter Sarsgaard List Bespoke Brooklyn Brownstone

    As they jetted off to Los Angeles to walk the bright blue “red” carpet at the Critics’ Choice Award over the weekend, Maggie Gyllenhaal and Peter Sarsgaard officially hoisted their bespoke brownstone on a particularly picturesque block in Brooklyn’s Park Slope neighborhood up for sale on the open market at just under $4.6 million. Coupled [...]

More From Our Brands

Access exclusive content