Did Kevin Spacey Just Buy A $5.65 Million Baltimore Waterfront Mansion?

Did Kevin Spacey just spend $5.65 million on a spectacular waterfront Baltimore home?

That depends on whom you ask.

A five-story waterfront residence at the end of a private pier in Baltimore's Inner Harbor recently sold for $5.65 million. Local real estate sources initially identified the buyer as Spacey, who spends much of the year in Baltimore filming the Netflix political drama "House of Cards."

However, public records show that the property was technically purchased by a limited liability company called Clear Toaster LLC. Spacey's manager and business partner, Evan Lowenstein, subsequently claimed that he—not Spacey—was the person behind the company and the purchase.

Unofficially, the combination of Spacey's close relationship with Lowenstein, his longstanding ties to Baltimore and the secrecy surrounding the LLC has done little to stop speculation that the property may somehow be connected to the actor.

A $5.65 Million Inner Harbor Mansion

Regardless of who plans to live there, the residence is one of Baltimore's most extraordinary homes.

The approximately 9,000-square-foot property sits at the end of a pier in the gated Pier Homes at Harborview community. The house extends into the harbor, providing panoramic water and skyline views from nearly every room.

The residence was created by combining two adjacent five-story townhouses into one enormous home. It offers six bedrooms and approximately eight and a half bathrooms, along with an unusually long, open main living level measuring roughly 85 feet from end to end.

The interior includes:

• A chef's kitchen
• A private home theater
• A sauna
• Multiple entertainment spaces
• A five-stop elevator
• Several waterfront decks
• Two garages with room for four vehicles

The home's most dramatic feature may be its approximately 76-foot rooftop deck. The roof includes a spa and sweeping views across Baltimore's Inner and Outer harbors.

Because the residence occupies the end of the pier, it has an unusual level of privacy and unobstructed water frontage for a home in the middle of a major city.

Here is a video tour of the exact unit from last December:

The Buyer Got A Significant Discount

The mansion had reportedly been listed for as much as $8.5 million before selling for $5.65 million.

That means Lowenstein—or whoever ultimately benefits from the purchase—acquired the home for nearly $3 million below its original asking price.

Even at the discounted sale price, the transaction ranks among the largest residential purchases completed around Baltimore's Inner Harbor. Few homes in the city combine this amount of living space, waterfront exposure, privacy and luxury amenities.

The property was previously occupied by Baltimore Orioles star Manny Machado, who reportedly rented the residence before the sale.

Why Everyone Thinks Kevin Spacey Is Involved

Spacey's connection to Baltimore makes the speculation understandable.

"House of Cards" is set in Washington, D.C., but much of the series is filmed in and around Baltimore. Spacey stars as Frank Underwood, the ruthless politician at the center of the story, and also serves as an executive producer. Kevin Spacey's net worth is $20 million, and he makes $500,000 per episode of "House of Cards."

The series co-stars Robin Wright as Claire Underwood and features an ensemble that has included Michael Kelly, Kate Mara, Corey Stoll, and Mahershala Ali. David Fincher directed the first two episodes and helped establish the show's dark, cinematic visual style.

Filming the series requires Spacey to spend significant stretches of time in Maryland. A private waterfront mansion located near the production would certainly make an impressive home base.

Lowenstein is also more than a casual acquaintance. He is Spacey's manager, friend, and business partner. Before entering entertainment management, Lowenstein performed with his brother as part of the pop duo Evan and Jaron, best known for the 2000 hit "Crazy for This Girl."

Lowenstein reportedly said he purchased the home through an LLC to protect his privacy. Using a limited liability company to acquire high-end real estate is common among celebrities, executives, and wealthy buyers who do not want their names appearing directly in public property records.

That does not prove Spacey is the real buyer. But it explains why the official denial has not completely ended the speculation.