Actor Leonardo DiCaprio is selling off his Malibu beach front property for $18.9 million – a price cut of $4.1 million. The home is located in one of the most exclusive areas in the nation.
DiCaprio bought the 2,600+ square foot house in 2002 for $6 million. It has been completely remodeled, and features seven baths, seven bedrooms, two kitchens, a gym and expansive frontage on the ocean.
DiCaprio is reportedly selling the home because he spends most of his time in New York.
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.