Kevin Costner's real estate portfolio: Newly single actor owns $145M beachfront property in California
LOS ANGELES, CALIFORNIA: After his wife Christine Baumgartner filed for divorce, Kevin Costner's multimillion-dollar estate has become the focus of intense speculation. It is still unclear how the couple will divide the actor's assets or what Baumgartner will get in the divorce. The 'Dances With Wolves' star reportedly has a pre-nuptial agreement, and both parties have petitioned for joint custody of their children.
Baumgartner, a 49-year-old fashion designer and Costner's second wife, filed for divorce on Monday, May 1 citing "irreconcilable differences." The family's primary residence is in Ventura, California, which is located 30 miles south of Santa Barbara. Costner also has a 160-acre estate in Aspen, where he and Baumgartner exchanged vows in 2004.
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The jewel in the crown: Carpinteria
The crown jewel of Costner's real estate portfolio is undoubtedly his vast, opulent, 10-acre beachfront mansion in Carpinteria, California, a hotspot for celebrities and worth an estimated $145 million. Costner already owned a beachfront residence in Carpinteria, but in 2006, after spotting a for-sale sign while jogging, he paid $28.5 million for a 17-acre plot that included a modest ranch with two bedrooms and two bathrooms, as reported by Daily Mail.
He consolidated his properties to form a single estate after selling seven acres to a neighbor in 2007. The house has unmatched ocean views and is positioned on a clifftop. Due to family obligations and time spent in his Aspen home, Costner never finished building the dream home he had originally planned for the location. The estate boasts a 500-foot stretch of private beach that is bordered by cliffs, and Costner has constructed what appears to be a leisure home there that is surrounded by patio furniture and umbrellas.
A close friend of the actor told the Wall Street Journal in 2017, "We’ve had some great baseball games there." The original plot of land included a polo practice field, which Costner turned into a baseball field. The house also has a riding route with views of the Santa Barbara mountains, various islands, and the coast. The celebrity listed the magnificent home for sale in 2017 for a cool $60 million. Later that year, the listing was taken down without a sale.
The primary property of the family was in Ventura, California, located 30 miles south of Santa Barbara. In addition, Costner also owns a 160-acre estate in Aspen, where the pair got married in 2004. Online property records reveal that Costner owns a variety of additional properties, including condos in Los Angeles. It was discovered in January that Costner was charging an exorbitant $36,000 a night to stay at his 160-acre Aspen residence in Colorado.
Enormous estate protected by ironclad prenup
Costner is worth about $250 million, according to CelebrityNetWorth. Based on reports, the actor makes $1.5 million for every episode of his popular show 'Yellowstone'. He earned $1.5 million for each episode in 2022, making him the highest-paid actor on television. When Costner received $14 million for his role in 'Waterworld' in the 1990s, he rose to become one of Hollywood's highest-paid actors.
Before that, in 1990, Costner received $3 million for his performance in 'Dances With Wolves', and a year later he made almost $40 million for his part in 'Robin Hood: Prince of Thieves'. Costner runs Ocean Therapy Solutions, which collaborates with other companies in environmental cleanup. In the wake of the Gulf of Mexico oil spill in 2010, the business sold BP equipment for about $52 million.
What will Christine Baumgartner get from the divorce?
The divorce between Costner and Cindy Costner, his high school sweetheart and first wife, cost him a whopping $80 million. However, given the "Yellowstone" actor has an unbreakable prenuptial agreement in place this time, his current spouse, Christine Baumgartner, might not be able to walk away with much. Baumgartner and her husband have both requested joint custody of their three children, MEAWW reported earlier.
Notably, Baumgarnter's wealth is insignificant in comparison to that of her famous husband. Nevertheless, she has established a lucrative career for herself and is thought to be worth $7 million as the co-founder of Cat Bag Couture and from her prior modeling job. She is not asking her soon-to-be ex-husband for spousal maintenance.
