Leonardo DiCaprio sells one of his beachfront
Malibu mansions for OVER asking price
at $10.3million... after picking it up
in 1998 for $1.6million
Daily Mail (UK),
by
Justin Enriquez
&
Kelvera
Original Article
Posted By: Imright,
11/29/2021 2:22:37 PM
Leonardo DiCaprio may have sold his beachfront Malibu mansion for a healthy profit but much like his Wolf Of Wall Street character, he is saying: 'I ain't going anywhere!' The 46-year-old Oscar winner - who owns two additional properties in the affluent beach city - has sold his private, ocean-facing property in the exclusive Carbon Beach community for $10.3 million which is $300,000 above the asking price according to TMZ on Monday. The A-lister put the property on the market in September as the home has proved to be one smart investment, as the star originally picked the three bedroom, two bathroom abode up for $1.6million in 1998.
Reply 1 - Posted by:
Lawsy0 11/29/2021 2:39:14 PM (No. 992117)
What's that smell? Is it jealousy or real estate envy. Good for DiCaprio to buy low and sell high. American enterprise going on.
13 people like this.
Reply 2 - Posted by:
janjan 11/29/2021 3:04:42 PM (No. 992145)
Looks like there’s no real news today.
10 people like this.
Reply 3 - Posted by:
Quigley 11/29/2021 3:42:53 PM (No. 992163)
The rich get richer. How un-Dimokkkraptic.
I thought pappy poopy pants was looking out for the little guy. And of course little girls. And big ones too! This creep is single-handedly driving up housing costs- pappy calls it “corporate greed.”
5 people like this.
Nice ROI. Especially since the leftoid crowds are sure that beachfront property will be underwater soon due to "climate change". Kinda makes you wonder if they believe their own propaganda.
Let's Go Brandon!
12 people like this.
Reply 5 - Posted by:
sw penn 11/29/2021 3:55:52 PM (No. 992172)
And,,,
the value of those $10.3 million continues to decrease...
7 people like this.
Reply 6 - Posted by:
TXknitter 11/29/2021 3:58:59 PM (No. 992177)
Hey nice flip there, sir. I only say Congratulations to him. It is probably good to do it now too.
7 people like this.
Reply 7 - Posted by:
red1066 11/29/2021 4:33:29 PM (No. 992201)
I have absolutely no problem with this. Real Estate is almost always a good investment, especially in southern California. If I were to sell my house right now, I'd probably make about three times what I paid for it, and I'm not in a warm sunny part of the country, and certainly not beach front.
7 people like this.
Reply 8 - Posted by:
Nimby 11/29/2021 4:39:35 PM (No. 992204)
One of his mansions!!! And these are the people who preach
5 people like this.
Reply 9 - Posted by:
NYbob 11/29/2021 4:57:35 PM (No. 992211)
At the rate rat/RINOs are blowing up the dollar, your house will soon be 'worth' $10 million. A dollar today only buys 58.93% of what it could buy back then.
4 people like this.
Paid $23 million for a vacant lot in another part of town in 2017. WIll be interesting to see the final return on that one.
4 people like this.
Reply 11 - Posted by:
Starboard_side 11/29/2021 5:09:39 PM (No. 992221)
Hopefully, he isn't going it under a 1035 exchange, so the State of California will see a nice capital gains payment. You only get $250,000 exemption.
3 people like this.
Reply 12 - Posted by:
JunkYardDog 11/29/2021 5:13:08 PM (No. 992226)
But..but...Leo is an avid believer in CLIMATE CHANGE! His waterfront property-you know, the one that will be underwater soon because CLIMATE CHANGE-was sold to someone at a profit? How could a do-gooder like Leo take advantage of someone like this?? It's almost like he doesn't really believe in it.
4 people like this.
Reply 13 - Posted by:
Catherine 11/29/2021 5:22:18 PM (No. 992236)
He learned a lot from Clooney. Raise millions for charity, then keep it.
4 people like this.
Reply 14 - Posted by:
OK state mom 11/29/2021 5:32:02 PM (No. 992247)
Interesting the elite can't figure out cement and asphalt are not good for the environment.
3 people like this.
Reply 15 - Posted by:
chance_232 11/29/2021 5:49:11 PM (No. 992258)
Since covid....MANY MANY homes are selling for more than asking price in certain markets. I sold one for more that I was asking and bought one for full asking price. Lost out on three others, even after offering better than asking price. I expect the real estate market to crash one the evictions and foreclosures work their way through the courts.
Right now, with the inflation, supply chain issues and labor shortages, new construction has become cost prohibitive, driving up the costs of existing structures.
3 people like this.
Reply 16 - Posted by:
bad-hair 11/29/2021 6:04:07 PM (No. 992267)
Did nobody but me catch this?
FTA ... has sold his private, ocean-facing property in the exclusive Carbon Beach community for $10.3 million.
Carbon Beach ... on Irony Bay I suppose.
7 people like this.
Reply 17 - Posted by:
earlybird 11/29/2021 7:21:14 PM (No. 992324)
Southern California real estate is very hot right now. Not just in Malibu. 1700 sq.ft. condos going for $800,000+. and that is in an inland, nice middle class neighborhood….
3 people like this.
Reply 18 - Posted by:
anniebc 11/29/2021 7:41:18 PM (No. 992337)
How does he avoid capital gains taxes?
2 people like this.
Reply 19 - Posted by:
MickTurn 11/29/2021 8:06:23 PM (No. 992353)
Hey Leftie D'Cap, now that you made a hefty profit, WE the PEOPLE Confiscate 100% of your excessive profit.
Have a Nice Day!
3 people like this.
Reply 20 - Posted by:
Jennie C. 11/29/2021 10:34:12 PM (No. 992452)
And I should care about someone with more money than brains, buying a house from a minor actor. Why?
0 people like this.
Reply 21 - Posted by:
Strike3 11/29/2021 10:48:25 PM (No. 992462)
The location sucks.
0 people like this.
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