Leonardo DiCaprio was finally able to bid farewell to his Malibu home in December of 2013 but not before enduring a bit of a high tide with the initial listing price.
DiCaprio initially listed the beachside beauty as a rental in mid-2012, with monthly rental amounts of $75,000 or the option to enjoy for the entire summer for only $115,000 per month. Sounds like a super-hot deal you think? Leonardo felt it was and so much so, that by November, he was ready to release the anchor on the property entirely and listed it for sale with an appealing $23 million price tag attached.
Designed to Allure
The spacious and wonderfully designed compound that was strategically positioned on a captivating oceanfront in the star magnet community of Malibu Colony, featured three homes on one property that presented an enormous 7 bedrooms and 6 bathrooms that make colony living an absolute majesty. Property of this magnitude designed only for the elite of the buyer’s market, dare not come without enhanced privacy accommodations, such as the private access to the beautiful beach that layers the subtle view of this Malibu home. Naturally artistic designs and features embody the entire premise of the property with ambient flows of natural light escaping into the rustic living room windows producing an invigorating and calm feel. Everything about the home is nature’s best consideration but there was no natural attraction for buyers to take it off of Dicaprio’s hands at the initial asking price.
The Market Didn’t Bite
DiCaprio’s home proved to be a great catch for beach lovers who enjoyed spending summer months taking in the sandy views and wonderful accommodations of the large property. Still on the market after months and about to enter into another summer, DiCaprio once again listed the property as a rental at the original $75,000 per month and needless to say, it was a summer hit. By the end of the summer, DiCaprio decided to reposition his line with a different bait or shall we say, a less expensive lure and listed the property for sale at $4.1 million less than the original asking price. That’s right, this fabulous Malibu colony styled home would now be available for a sizeable less amount than before.
Hook Line and Sinker
It seems that this was the perfect price point for a great catch because soon after the price decrease, in December 2013, Leonardo DiCaprio finally closed a deal on his Malibu compound for $17.35 million dollars. Yes, a little more than the original $4.1 million dollar decrease, but considering that his actual purchase price was around the $6 million dollar mark in 2002, it seems he reeled in a pretty attractive close. DiCaprio finally freed himself of what was once his pearl of the sea and begin to enjoy the environmentally friendly accommodations of a New York penthouse located in the prominent Battery Park. It took a few throws of the line but he landed the big catch, hook, line and sinker.