He’s already got one of the most enviable real estate collections in all of Hollywood, but Leonardo Dicaprio is still building his portfolio. This time, his attention is on Malibu, where records reveal the perennial A-lister has plunked down $13.8 million for an oceanfront retreat squirreled away in the city’s far westward reaches, well out of sight from prying eyes and away from the traffic-thronged downtown area. The off-market deal closed last month.
Back in the day, DiCaprio actually owned three Malibu houses, all of them oceanfront. But he unloaded one of them, a bluftop contemporary, in 2009 for $7.4 million. Another house — a substantially larger affair just outside the Malibu Colony gated community — was sold off in 2013 for $17.4 million to its current owners, New York-based hedge fund mogul Christian Leone and his husband, interior designer Malcolm Kutner. Located on Carbon Beach, the smallish third home remains owned by DiCaprio but has just popped up for sale with an even-steven $10 million asking price, so it too may soon be Leo real estate history.
In 2017, DiCaprio paid $23 million for an all-but-vacant lot atop Malibu’s pristine Paradise Cove, though it doesn’t appear he’s done much to develop the property since then. Presumably he’ll someday complete construction of a lavish, eco-conscious retreat on that land.
For now, however, his $13.8 million “crash pad” will have to do. Since the house was never publicly offered for sale, photos and insider details are sadly nil. But tax records do show that the two-story structure was built in 2005 and has four bedrooms and five bathrooms in about 3,200 square feet of traditional-style living space. It was sold to DiCaprio by prominent orthopaedic surgeon Rick Delamarter.
Sited atop a relatively secluded and sparsely-used sandy beach, the house is tucked away in Blue Whale Estates, a little-known gated community of only five homes, all of them with direct access to the ocean. Astute real estate watchers will recall that Leo is not the only celebrity resident of Blue Whale Estates — a few years ago, Neil Diamond bought a house in the enclave that’s right across the street from the DiCaprio estate. And right next door to the Oscar-winner’s new place is a strikingly triangular, all-glass house that was designed by “starchitect” Ed Niles and has long been owned by Elizabeth Kolawa, the prominent CEO of software/tech company Parasoft.
Aside from his new $13.8 million digs (below) and the $23 million vacant lot, DiCaprio’s other properties include two multimillion-dollar homes in Los Feliz, a stunningly preserved midcentury modern Palm Springs mansion, several luxury condos in New York City and a private island off the coast of Belize. His main residence, however, remains a three-house, four-parcel compound in L.A.’s Bird Streets neighborhood, with jetliner views of the entire city skyline to the Pacific Ocean.