While many Hollywood celebrities might seem quite flaky, there are a few who have maintained their wits and demonstrated talents in the real estate market.
Whether enjoying owning multiple homes, spinning off properties during booming real estate markets or development, there are a few celebrity real estate barons who are doing quite well.
Some people sell their scrap gold for cash, Nicholas Cage sells properties. He seems to live in his newly acquired homes for a short while and then sells them for profit. One estimate has him holding fourteen buildings in five countries.
He has used his Hancock Park Real Estate Trust to purchase numerous properties including the following:
The “LaLaurie House” - 1140 Royal Street, New Orleans, French Quarter, in the 1830s Delphine LaLaurie engaged in horrible torture of slaves; since then, the spirits have haunted the mansion, testifying to her horrible crimes.
Bel-Air Los Angeles, California - 11,817 square foot home, Tudor estate with seven bedrooms, formerly owned by Dean Martin and Tom Jones, listed for $35 million.
British Castle in Bath, England - club-shaped, built in 1775, 58 acres, seven bedrooms, two cottages.
Bavarian castle, Schloss Neidstein, Germany - with 28 rooms, has a 395 acre estate of forests and fields, 6,888 square feet, cost $1.7 million.
5100 Spanish Heights Drive, Las Vegas, Nevada - home with 14,306 square feet, in gated community, seven bedrooms, nine bathrooms, sixteen car garage, tennis court, theater room, paid $8.5 million for in 2006.
Clint Eastwood has shown a particularly effective talent for developing important properties:
Mission Ranch restaurant on Carmel River - local hangout serving steak ribs and potatoes.
Pebble Beach - working with Peter Uberroth and Arnold Palmer, property includes four golf courses, purchased in 1999 for $820 million.
Carmel Development Company - Tehama, Carmel, California (Native-American for “Abundance of Nature”) is an exclusive 2,000 acre plus real estate development with picturesque hills above the Pacific Ocean; it has a private 18-hole golf course, fitness center, swimming pool and tennis courts.
Jack Nicholson is well-known for his numerous properties, many of which he simply enjoys living in.
The following is a partial list:
12850 Mulholland Drive, Beverly Hills, California - 3,303 square foot house, sits on 23,000 square foot lot, built in 1957, has pool and putting green.
12830 Mulholland Drive, Beverly Hills, California - 3,197 square foot house, rests on 20,909 square foot lot, built in 1947.
12900 Mulholland Drive, Beverly Hills, California - vacant 39,997 square foot lot, formerly Marlon Brando’s home, razed due to mold problem.
7327 Woodrow Wilson Drive, Los Angeles, Hollywood Hills, California - 1,301 square foot house, sits on 17,847 square foot lot, built in 1950.
Yellow Hill Road Malibu, California - 2,313 square foot house, built in 1966.
626 Kaimalino Street in Kailua, Hawaii - 3,018 square foot house on 15,419 square foot oceanfront lot.
206 Lake Avenue Aspen, Colorado - 5,790 square foot Victorian-style home, on 11,921 square foot lot.
Ted Turner is the largest individual United States property owner with an estimated 1.8 million acres in Arkansas, Colorado, Florida, Georgia, Kansas, Montana, Nebraska, New Mexico, Oklahoma, South Carolina and South Dakota. He owns the largest buffalo herd in the world - selling the buffalo meat at Ted’s Grill. He makes money from ranching, forestry, hunting, fishing and oil leases.
He charges hunters fees for tracking down game at his 113,000 acre Flying D in Southwestern Montana. He attempts to make money while remaining environmentally-conscious, returning wild animals to the land and saving native species.
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