Kevin Spacey’s $5.6 million Baltimore mansion has sold for a staggering discount, just weeks after he claimed he was forced to sell his home due to the high costs of his high-profile sexual abuse case.
The actor cried when he recently told talk show host Piers Morgan that his Charm City mansion was being auctioned off to cover his millions of dollars in legal fees.
It has now been announced that the 830-square-meter property has been sold to an anonymous businessman for $3.24 million.
“It’s an iconic property in Baltimore,” Compass Realtor Sam Sheibani told the Baltimore sun“We were very interested in it, but obviously not under the circumstances under which it is being sold, or under the circumstances under whom it is being sold.”
The two-unit waterfront condo last sold in 2017 to Clear Toaster LLC for more than $5.6 million.
Kevin Spacey cried while recently appearing on talk show host Piers Morgan’s Uncensored and revealed that his Charm City mansion was being auctioned off to cover his millions of dollars in legal fees.
Spacey’s Baltimore home, located in the city’s Inner Harbor seaport, sold for $3.24 million at auction
There were no images available of the property at auction. It was sold in “as is” condition.
Spacey has twice avoided bankruptcy since Hollywood silenced him in 2017 after allegations of sexual misconduct first surfaced.
Last year, the two-time Oscar winner was acquitted of nine sex crimes against four men over a 20-year period after a much-publicised trial in the UK.
Spacey has strongly denied the allegations, but he still faces a civil lawsuit filed by one of the accusers.
Last month he was a guest on Morgan’s Uncensored, where he said he is virtually broke and “many millions” in debt.
“Well, I mean, you have some idea about legal bills,” he said. “I still have a bunch of legal bills outstanding that I haven’t been able to pay.”
Spacey’s manager had previously tried to cast doubt on whether the property was actually owned by the star.
Points of view on two: Tax records show the home was purchased by Clear Toaster LLC for $5.65 million after being listed for sale for $6.25 million
However, court documents revealed that he still owed a significant amount of money in arrears.
The home, located in the city’s Inner Harbor seaport, was secretly occupied by Spacey while he was filming the Netflix hit House of Cards. The property is registered to Clear Toaster LLC.
The sprawling riverfront estate was put up for sale after the actor fell behind on his mortgage payments amid his sexual misconduct scandal, prompting streaming giant Netflix to fire him for breach of contract.
In 2021, an arbitrator ordered him to pay nearly $31 million to the studio that made the Netflix hit series House of Cardsafter it emerged that he had behaved inappropriately towards someone on the set of the show.
When Morgan asked him what he considered bad behavior, Spacey replied, “Pushing the boundaries.”
‘Being too hands-on, touching someone sexually in a way that I didn’t know at the time that they didn’t want. Me personally, I’ve caressed people, I’ve been gentle with people, that’s who I am.
But in February, he reached a settlement with Media Rights Capital (MRC) to pay $1 million.
The house is believed to be where Spacey was hiding while awaiting trial for sexual abuse
Decline: The price of the property has fallen in the two years since it was purchased
Kevin Spacey (pictured in 2016) was one of the most recognizable faces in Hollywood until allegations of sexual misconduct surfaced in 2017
Last month he made an emotional vow that he would “not give up acting” after new allegations were made against him in a shocking documentary by Britain’s Channel 4.
The star accused the broadcaster of having “an agenda” in its decision to air the two-part film Spacey Unmasked.
The documentary contained previously unheard testimony about the actor’s alleged inappropriate behavior.
At the height of his career, Spacey was worth nearly $77 million and had a real estate empire in the US and London.
