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.

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