Kevin Spacey’s $5.6 million waterfront condominium in Baltimore has been sold at auction amid the disgraced actor’s financial struggles following a slew of sexual misconduct allegations. Last summer, a London jury acquitted Spacey on sexual assault charges stemming from allegations by four men dating back 20 years. That was his second court victory since he saw off a $40 million lawsuit in 2022 in New York brought by “Star Trek: Discovery” actor Anthony Rapp.
Quick Read
- Kevin Spacey’s Waterfront Baltimore Condo Sold at Auction After Foreclosure:
- Background: Kevin Spacey’s $5.6 million luxury condo in Baltimore, located on the Inner Harbor, was sold at auction due to his financial difficulties following numerous sexual misconduct allegations.
- Financial Struggles: Despite being acquitted of sexual assault charges in London last year and winning a $40 million lawsuit in New York in 2022, Spacey revealed in an interview with Piers Morgan that he was millions in debt, primarily from unpaid legal fees, and facing foreclosure on his Baltimore property.
- Auction Details: The condo sold for $3.24 million, significantly below its original value. The auction took place Thursday morning with a small group of potential buyers bidding on the property. The suggested opening bid was $1.5 million.
- Property Features: The waterfront condo includes six bedrooms, seven full baths, an elevator, a sauna, a home theater, a rooftop terrace, multiple verandas, and a four-car garage.
- Buyer Information: The winning bidder represented a real estate developer and local businessman whose identity remains undisclosed, as reported by The Baltimore Sun.
- Personal Impact: Spacey, who moved to Baltimore while filming “House of Cards” in 2012, expressed emotional distress over the situation, mentioning the need to store his belongings and his narrow escapes from bankruptcy.
The Associated Press has the story:
Kevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure
BALTIMORE (AP) —
Kevin Spacey’s $5.6 million waterfront condominium in Baltimore has been sold at auction amid the disgraced actor’s financial struggles following a slew of sexual misconduct allegations. Last summer, a London jury acquitted Spacey on sexual assault charges stemming from allegations by four men dating back 20 years. That was his second court victory since he saw off a $40 million lawsuit in 2022 in New York brought by “Star Trek: Discovery” actor Anthony Rapp.
But Spacey said in an emotional interview with British broadcast host Piers Morgan last month that he was millions of dollars in debt, largely because of unpaid legal bills, and facing foreclosure on the Baltimore property.
Spacey moved to the Baltimore area when he started shooting the hugely popular political thriller “House of Cards” there in 2012. Speaking through tears during the interview, Spacey said he would have to go back to Baltimore and put all his things in storage. He said he nearly had to file for bankruptcy a couple times but managed to dodge it.
His luxury condo on Baltimore’s Inner Harbor sold at auction Thursday morning for $3.24 million, according to the auctioneer’s website. It sits on a floating pier and boasts six bedrooms, seven full baths, an elevator, sauna, home theater, rooftop terrace, multiple verandas and a four-car garage.
A small group of potential buyers gathered on the steps of the downtown Baltimore Circuit Court building and made their bids, according to local media reports. The suggested opening bid was $1.5 million.
The winning bidder was acting as proxy for a real estate developer and local businessman whose identity hasn’t been disclosed, The Baltimore Sun reported. During tearful testimony in a London courtroom last summer, Spacey denied the allegations against him and told the jury how they had destroyed his acting career as the #MeToo movement gained momentum in the U.S.
