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The Real Deal Los Angeles

Leonardo DiCaprio lists tiny Malibu house for titanic price

Actor lists cottage for $11M, almost seven times what he paid in 1998

September 20, 2016 03:30PM

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Leo DiCaprio and his home at 21844 Pacific Coast Highway (Credit: Getty, Berkshire Hathaway)

Leo DiCaprio and his home at 21844 Pacific Coast Highway (Credit: Getty, Berkshire Hathaway)

It turns out Jack will let go — for a steep profit.

Leonardo Dicaprio is selling his 1,765-square-foot beachfront cottage in for a sliver under $11 million, or a titanic $6,200 a square foot, Variety reported. He’s asking for almost seven times what he paid for the property, when he acquired it in 1998 for $1.6 million. 

Located on the prestigious Carbon Beach, the cottage has three bedrooms and two bathrooms. It features an open-plan living area with fireplace, sliding glass doors with the deck, a galley kitchen and access to the second-floor balcony from both bedrooms.

The Oscar-winning actor, environmentalist and philanderer of supermodels has leased the property several times. The most recent asking rent, as of last spring, was a cool $50,000 a month.

DiCaprio has sold two other Malibu homes in the past 10 years, including one for $7.4 million in 2009 and another for $17.35 million in 2013. He currently owns homes in the Bird Streets neighborhood as well as Silver Lake, and at least three apartments in Lower Manhattan.

Last year, he announced plans of opening an eco resort on his private 104-acre island in Belize. [Variety]Cathaleen Chen

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