Current:Home > FinanceKevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure -InvestSmart Insights
Kevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure
View
Date:2025-04-18 22:13:34
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.
veryGood! (47)
Related
- The company planning a successor to Concorde makes its first supersonic test
- J. Robert Harris: Pioneering Innovation and Shaping the Future of Finance
- Hirono is heavily favored to win Hawaii’s Democratic primary as she seeks reelection to US Senate
- Bear Market No More: Discover the Best Time to Buy Cryptocurrencies at Neptune Trade X Trading Center
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Why Selena Gomez and Benny Blanco Are Sparking Engagement Rumors
- Dodgers star Mookie Betts to play right, bat second when he returns Monday
- Winter is coming for US men's basketball. Serbia game shows it's almost here.
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Where do you live? That’s a complicated question for a California town with no street addresses
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- What is Angelman syndrome? Genetic disorder inspires Colin Farrell to start foundation
- To Kevin Durant, USA basketball, and especially Olympics, has served as hoops sanctuary
- Every Change The It Ends With Us Film Has From The Colleen Hoover Book
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
- Romanian gymnast could replace Jordan Chiles as bronze medalist in floor exercise after court ruling
- Romanian gymnast could replace Jordan Chiles as bronze medalist in floor exercise after court ruling
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Reese Witherspoon Turns Film Premiere Into a Family Affair With Kids Ava and Deacon Phillippe
A homemade aquarium appeared in a Brooklyn tree bed. Then came the goldfish heist
Rev It Up: MLB to hold Braves-Reds game at Bristol Motor Speedway next August
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Florida Gov. Ron DeSantis continues political attack against Harris VP candidate Tim Walz
Safe to jump in sprinkle pool? Man who broke ankle sues Museum of Ice Cream in New York
Gypsy Rose Blanchard Reveals Sex of Her and Ken Urker's First Baby