EXCLUSIVE: Leonardo DiCaprio Cuts More Than $3 Million From Price of Malibu Beach Mansion

On-screen icon Leonardo DiCaprio is taking bold measures in his bid to offload one of his many properties—by slashing more than $3 million from the price of his listed Malibu mansion just three months after it was listed.

DiCaprio, 50, originally put the "rare and special" waterfront dwelling on the market in July—hedging his bets by listing the dwelling both for sale, with an asking price of $23 million, and for rent, this time with an ask of $65,000 a month.

But despite offering a potential buyer the opportunity to test drive the dwelling as a tenant, it appears nobody as taken that bait, prompting DiCaprio to lower both asking prices.

According to property records, the asking price for the four-bedroom, 4.5-bathroom beach abode has been dropped to $19.99 million, while potential tenants are now being asked to pay $59,000 a month.

The home, which is located on Pacific Coast Highway is described as being situated on "a stunning stretch of the Malibu coastline where properties are rarely offered for sale."

As a result of its plum spot, the dwelling offers exclusive access to "one of the most private and coveted beaches in Malibu," as well as spectacular views of the ocean courtesy of its perch atop a cliffside.

DiCaprio bought the home in July 2021, paying $13.75 million via an LLC that is run by his longtime business manager.

However, it is unclear whether the actor ever actually used the property as a full-time residence, with records indicating that he first put the home on the rental market in April, before deciding to try to offload it altogether.

Realtor.com® has contacted DiCaprio's spokesperson for comment.

The listing images include few personal touches inside the home, instead capturing gleaming white spaces that are filled with neutral furniture and decor, although the description notes that the home comes equipped with "top-of-the-line finishes and fixtures," as well as hardwood floors and "walls of glass."

Taking full advantage of its oceanside location, the home features multiple balconies and patios that can be accessed through full glass doors, allowing residents to create a true indoor/outdoor vibe throughout the year.

However, it is the primary suite that takes center stage on the property, boasting some awe-inspiring views of the ocean, as well as its own fireplace for added comfort, particularly during the colder months.

As one might expect from the home of an A-list legend, the property also offers an enormous walk-in closet, as well as a "spa-like" bathroom that features a spacious bathtub and a steam shower.

While there is ample space for entertaining inside the property, perhaps the most alluring living area is outside, where there is a picturesque firepit, seating area, and an outdoor shower and sauna.

From this spot, guests can, on occasion, see dolphins swimming in the ocean, according to the listing description, which hails the sight as being "so rare and special."

The home is not far from a former property in DiCaprio's extensive portfolio of residences, which has featured an array of incredible dwellings over the years.

Shortly after he purchased this Malibu property, he sold off a nearby dwelling for $10.3 million, having bought that home in 1998 for just $1.6 million, according to records.

Much like his newer Malibu residence, DiCaprio offered up his former home for rent before opting to sell it, initially listing it with an asking price of $20,000 a month in 2010, although that price fluctuated over the following years, dropping first to $18,500, before rising to $23,000 a few years later.

He also tested the waters when it came to selling the property, first listing it for $10.95 million in 2016—five years before he actually sold it.

DiCaprio is understood to still use his Hollywood Hills compound as his primary residence, having bought up two adjacent residences back in the '90s before later expanding the estate with the purchase of two additional dwellings.

Over the years, the actor is said to have hosted a number of impressive soirees at the home, with Page Six reporting in 2020 that DiCaprio hosted a viewing party for the presidential election, setting up an enormous screen on his basketball court so he and his pals could watch the results roll in live.