×

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

  • Jho Low House

    Jho Low's Gutted Hollywood Hills Mansion Lists at $15 Million Loss

    Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for $39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own “trophy” modern mansions in the hills. Very soon, the [...]

  • Michael Gross WeWork House

    WeWork's Michael Gross Nabs $28 Million Brentwood Estate

    As the We Company — better known as WeWork — mulls a widely rumored IPO, pundits continue to debate the $47 billion mega-unicorn’s longterm financial viability. The currently unprofitable, Manhattan-based co-working space behemoth is looking to raise $4 billion in debt financing this year and has already raked in $8.4 billion from confident investors, though [...]

  • Kenya Barris House

    Kenya Barris Falls for Modern Encino Showstopper

    Prices in the once-unfashionable-yet-now-seriously-swank San Fernando Valley community of Encino continue to skyrocket, just as the local buyer crop continues to trend younger and more diverse. As such, developers of new Encino spec-homes have shifted their efforts to woo moneyed home shoppers into full throttle, flooding their party-ready mansion developments with every expensive tech gizmo [...]

  • KT Tunstall House

    Singer/Songwriter KT Tunstall Cuts Price on Venice Bungalow

    Scottish musician and singer/songwriter KT Tunstall, who rose to radio fame and a 2007 Grammy nomination for her vocal performance of the single “Black Horse and the Cherry Tree” from with her debut album “Eye to the Telescope,” has re-listed a charming bungalow in the trendy heart of Venice, Calif., at $2.775 million. Tunstall, whose [...]

  • Rihanna House

    Rihanna Seeks Renter for Hollywood Hills Villa

    Not having had any luck selling, Rihanna now seeks a well-heeled renter for a Hollywood Hills residence that is now available to rent at $35,000 per month, after it popped up for sale for late last year at almost $7.5 million. The mono-monikered Barbadian pop superstar and international style icon, also a savvy beauty, fashion [...]

  • Owen Van Natta House

    Ex-Facebook COO Owen Van Natta Dumps $10 Million on Santa Monica's Gold Coast

    Only a few dozen homes line Palisades Beach, the oceanfront strip of sand sometimes labeled the “American Riviera” or “Gold Coast” in reference to its bygone famous residents, many of them among the biggest stars of Hollywood’s Golden Age. In the 1920s, when most Palisades Beach homes were built, Old Hollywood had just launched its [...]

  • Owlwood Holmby Hills

    Los Angeles' Legendary Owlwood Estate Seeks $115 Million

    For the third time in as many years, the massive — and massively idiosyncratic — Los Angeles estate known as Owlwood has popped up for sale. The current owner, much-beleaguered investment consortium Woodbridge Group, has been attempting to offload the celebrity-pedigreed property since 2017, when it was originally saddled with a rather ridiculous $180 million [...]

More From Our Brands

Access exclusive content