It is an irrefutable truth that the Covid-19 pandemic has brought mute to its knees. Several entities lost money, including the real estate sector. And we are following the unfolding Evergrande crisis in China. But in all of this there were those who proved otherwise and prospered in business, namely the sale of real estate.
The latest example is a deal involving Leonardo DiCaprio. The actor decided to get rid of one of the Beaches, in Malibu - a city west of Los Angeles, California, known for celebrity homes and beaches, which include the sandy Zuma Beach.
DiCaprio acquired the property in 1998, curiously a year after the premiere of Titanic, the film that made him notable on the seventh art scene. At that time, the actor paid $1.6 million. Some 23 years later, the transaction takes place for almost ten times as much, now being worth $10 million.
To close the deal, the Hollywood star hired the consulting services of Coldwell Banker Real Estate LLC.
The property, built in the 1950s, has undergone a complete renovation, keeping up with the changing times and the luxury required by its former owner. In total it is 1,765 square meters that culminates in a large deck with glass doors that provides the best of views: the Pacific Ocean. Its great asset.
This is not to mention the various living rooms, highly equipped kitchen, its own entertainment zones, and even an open-air spa.
The actor also used the occasion to buy another house for his real estate estate holdings. A $13.8 million mansion with four bedrooms and five bathrooms and direct beach access.