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Leonardo DiCaprio finally sells off Malibu beach home

December 30th, 2013 3:10am EST | By: Dave Simpson favorite Add to My News

Leonardo DiCaprio

Leonardo DiCaprio has finally offloaded his beachfront mansion in Malibu, California after slashing the price by more than $5 million (£3.3 million).

The Titanic star originally placed the property, which is located in the exclusive Malibu Colony area and boasts two guest houses, up for sale in 2012 for $23 million (£15.3 million), but it failed to attract any buyers and he reduced the price in June (13) to $18.9 million (£12.6 million).

However, realtors still struggled to shift the pad, prompting the actor to lower the cost once more - and now it has been purchased for $17.4 million (£11.6 million).

However, DiCaprio still has reason to celebrate - he paid just $6 million (£4 million) for the 1927 home in 2002, according to TheMalibuRealEstateBlog.com.

This news article provided by World Entertainment News Network
Photo Credits: PacificCoastNews


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