Michael Douglas Lists His Majorca, Spain Property For More Than $32M, And Narrates The Marketing Video Himself

By on July 1, 2019 in ArticlesCelebrity Homes

When you're a major celebrity, it can be tough deciding how much of your fame and notoriety to leverage in your day-to-day business dealings. Leave too much on the table, and you might be doing yourself a financial disservice, lean too heavily or crassly on your name, and you run the risk of cheapening your brand. One celeb who's facing this problem head on is actor Michael Douglas, as he lists his compound in Majorca, Spain for about $32.5 million in American dollars – and he decided to narrate a real estate video touting the property himself.

Douglas bought the property, made up of two villas and five apartments, with a total of ten bedrooms and ten baths altogether, way back in 1989, with then-wife Diandra Luker. Variety reports that they paid about $3.5 million for it then, and have remained co-owners since they split in 1995, each of them reportedly having access to it for six months out of the year. Now, they're attempting to sell it for the second time, following a botched attempt in in 2014 at the price of over $60 million, generally considered to be overoptimistic, at best. The price quickly dropped to about $40 million, after it was taken off the market and becoming the subject of rumors and British tabloids that the property had been "left to rot" by the former couple.

That appears to not be true, and if there was any truth in it it seems to be taken care of. The estate, known as S'Estaca, sprawls over about 200 acres and was once the property of Archduke Ludwig Salvator of Austria in the late 1800s. It's located on a high cliff overlooking the Mediterranean sea, with incredible views of same, and is arranged in a communal style with plentiful gardens and a marble swimming pool. Inside, amenities like a screening room, library, wine cellar, gym, and artist's studio are present, but why read about it when you can hear Michael Douglas himself talk up the property in the video below from Engel & Völkers Westcoast below. Not to get your expectations up, but some of the commenters on YouTube are calling this the greatest real estate video of all time: