Kevin Spacey’s $5.6 million Baltimore residence offered for low worth
Kevin Spacey‘s $5.6 million Baltimore home has been sold at a staggering discount just weeks after he claimed he was being forced to sell up due to the cost of his high-profile sexual assault case.
The actor sobbed as he recently told talk show host Piers Morgan that his Charm City home was being put up for auction to help cover his millions of dollars’ worth of legal fees.
Now it has emerged the 9,000 square foot property has been sold to an anonymous businessman for $3.24 million.
‘It is an iconic property in Baltimore,’ Compass Realtor Sam Sheibani told the Baltimore Sun. ‘We were very interested in getting it, obviously not under the circumstances that it’s being sold, from whom it’s being sold.’
The two-unit, waterfront condo last sold in 2017 for over $5.6 million to Clear Toaster LLC.
Kevin Spacey sobbed as he recently appeared on talk show host Piers Morgan’s Uncensored that his Charm City home was being put up for auction to help cover his millions of dollars’ worth of legal fees.
Spacey’s Baltimore home is located in the city’s Inner Harbor seaport and sold for $3.24 million at auction
No images were available of the property at the auction, which was sold in ‘as is’ condition.
Spacey has twice dodged bankruptcy since being cut off by Hollywood after allegations of sexual misconduct were first made against him in 2017.
Last year, the double Oscar winner was cleared of nine sexual offences against four men over a 20 year period following a highly publicized trial in the UK.
Spacey has strenuously denied the claims, but he still faces a further civil trial brought by one of the accusers.
Last month, he appeared on Morgan’s Uncensored program where he said he is virtually penniless and owes ‘many millions’.
‘Well I mean, you have some sense of legal bills,’ he said. ‘I still owe a lot of legal bills that I have not been able to pay.’
Spacey’s manager had previously appeared tried to cast doubt on whether the property was owned by the star.
Views on two: Tax records show that the home was purchased by Clear Toaster LLC for $5.65 million after being listed at $6.25 million
However, court records showed he had a significant amount in back payments.
The home, located in the city’s Inner Harbour seaport, was secretly lived in by Spacey while he was filming the Netflix hit House of Cards, with its ownership listed under Clear Toaster LLC.
The sprawling riverside property was listed for sale after the actor fell behind on mortgage payments in the wake of his sexual misconduct scandal, which saw streaming giant Netflix drop him for breach of contract.
in 2021, an arbitrator ordered him to pay nearly $31 million to the studio that made the hit Netflix show, House of Cards, after it was revealed that he allegedly acted inappropriately towards someone on the set of the show.
When asked by Morgan about what he considered bad behavior, Spacey said: ‘Pushing the boundaries’.
‘Being too handsy, touching someone sexually in a way that I didn’t know at the time they didn’t want. I personally, I have caressed people, I have been gentle with people, that is the way that I am.
But in February, he agreed a settlement with Media Rights Capital (MRC) to pay $1 million.
The home was reportedly where Spacey holed up ahead of his sexual assault trial
Tumbling down: The price of the property has tumbled in the two years since it was purchased
Kevin Spacey (pictured in 2016) was one of the most recognized faces in Hollywood until allegations of sexual misconduct were made in 2017
Last month, he emotionally vowed that he ‘won’t give up on acting’ after fresh allegations were made against him in a bombshell documentary by the UK’s Channel 4.
The star accused the broadcaster of ‘having an agenda’ in deciding to go ahead with airing its two-part film, Spacey Unmasked.
The documentary featured previously unheard testimonies about the actor’s alleged inappropriate behavior.
At the peak of his career, Spacey was worth almost $77 million with a property empire spanning the US and London.
