Jul 26, 2024, 4:01 PM
Jul 26, 2024, 4:01 PM

Kevin Spacey’s Baltimore Condo Sold Amid Financial Woes

Highlights
  • Kevin Spacey's luxury waterfront condo in Baltimore, valued at $5.6 million, has been sold at auction due to foreclosure.
  • This sale comes as Spacey faces significant financial difficulties stemming from sexual misconduct allegations.
  • The condo's auction reflects the broader consequences of his legal and personal controversies.
Story

BALTIMORE (AP) — Kevin Spacey’s luxury condominium in Baltimore has been sold at auction for $3.24 million, a significant drop from its $5.6 million listing price. The sale comes as the actor grapples with financial difficulties stemming from multiple sexual misconduct allegations. Despite being acquitted of sexual assault charges in London last summer, Spacey revealed in a recent interview that he is millions in debt, primarily due to legal expenses, and is facing foreclosure on the property. Spacey, who relocated to Baltimore in 2012 while filming the acclaimed series "House of Cards," expressed his emotional turmoil during an interview with Piers Morgan. He shared that he has narrowly avoided bankruptcy on several occasions and is now forced to store his belongings as he prepares to leave the city. The auction for the condo, located on a floating pier and featuring luxurious amenities, attracted a small group of bidders, with the opening bid set at $1.5 million. The winning bid was placed by a proxy representing an undisclosed real estate developer and local businessman. The property, which includes six bedrooms, seven bathrooms, and a rooftop terrace, reflects the lavish lifestyle Spacey once enjoyed. In the wake of the #MeToo movement, Spacey has faced significant professional repercussions, claiming that the allegations have severely impacted his acting career.

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