Kevin Spacey had to sell his house at a discounted price to avoid bankruptcy

Kevin Spacey sold his $5.6 million Baltimore home at a significantly discounted price to avoid bankruptcy.

In June, the Oscar-winning actor cried during an interview with Piers Morgan after revealing that he was bankrupt and would have to sell his house to pay his legal fees.

Now, it has emerged that the nearly 840-square-metre property has been sold to an anonymous businessman for $3.24 million.

“It is an iconic Baltimore property”“We were very interested in acquiring it, obviously not in the circumstances under which it’s being sold, but who’s selling it,” Compass real estate agent Sam Sheibani told the Baltimore Sun.

The two-unit oceanfront condo last sold in 2017 for more than $5.6 million to Clear Toaster LLC, a company registered by entertainment agent David Bolno.

Kevin Spacey’s difficult present

Spacey has not worked in Hollywood since several men He was accused of sexual misconduct in 2017The actor was cleared of all charges last year and a US court dismissed a sexual assault lawsuit against him in 2022.

Other lawsuits have also been dropped and Spacey has denied all allegations. However, in May, 10 other men came forward with allegations of abuse in a two-part Channel 4 documentary about him called Spacey Unmasked.

In the interview with Morgan, Spacey said: “I have nothing to hide and I want to live a more open life than the one I lived”.

He later got emotional saying that his Baltimore home is in foreclosure and will be auctioned off soon.

“I’m not really sure where I’m going to live now,” Spacey said. Morgan also asked him how much money he has, to which he replied: “None.” He said he still owes millions in legal fees.

He continued: “I’ve spent so many years not wanting to talk about myself and avoiding questions about my personal life and my sexuality,” said Spacey, who identifies as gay.