Steven Spielberg S Malibu Compound Snags An Incredible 26 Million For An Epic Profit
The final amount was marked down a bit from the list price, a reported $35 million. Considering that Spielberg originally paid a total of $6.5 million for the complete property, which combines two lots, a $20 million profit certainly qualifies as a box-office smash. With the windswept beauty of Broad Beach right outside the back door, it’s easy to understand why the property was valued so highly. In fact, the Spielberg and Capshaw had been renting out the property to a tenant for $150,000 a month, according to reports!...