Kevin Costner’s Real Estate Portfolio Just Might Surprise You
It’s safe to assume that someone who has won two Academy Awards, three Golden Globes, and an Emmy would have an impressively lofty
real estate portfolio. That assumption couldn’t ring more true for Kevin Costner—an actor known for playing tough, masculine, salt-of-the-
earth characters, including his standout role as Montana homesteader John Dutton III on the hit show Yellowstone.
The show’s last season lacks any and all Costner appearances, but the next best thing is a deep dive into Costner’s real-life real estate portfolio. Will there be ranches? Let’s just say that Costner might be engaging in some method acting by staying true to his Yellowstone character’s real estate preferences. See for yourself!
In 1988, a decade after meeting his first wife, Cindy Silva, Kevin Costner locked down a massive cliffside compound in Carpinteria, California. Per People, the property sits on 1.4 acres and boasts a main house with two additional guest houses. Interior imagery is not available, though due to its seaside location, it undoubtedly has killer views that Costner gets to enjoy on a regular basis (he still owns the compound).
Remember how we mentioned those additional houses? They made it squarely into the spotlight last year in a very unusual way. Amid a heated divorce battle, Costner’s second wife, Christine Baumgartner, was ordered by the court to move out of the actor’s compound but proceeded to stay close by simply moving into one of the two smaller homes on the property. This was a temporary measure, and the logistics of their divorce have been ironed out by now.
The story doesn’t end there: In 2006, according to Mansion Global, Costner added to his Carpinteria real estate holdings with the purchase of a $28.5 million parcel “after jogging by it one day and seeing a for sale sign.” It measured 17.25 acres, seven of which he sold the very next year. This particular piece of land already included a modest house, the outlet reports, but Costner’s visions of building out a larger home, pool, and guesthouse were never realized (he did convert the on-site polo field into a baseball field, though!).
In 2017, Costner put 2825 Padaro Lane—his freshest addition to the compound—up for sale, with an asking price of $60 million. Said sale was not in the books for him, apparently, because Costner ended up taking it off the market and still calls the perched-on-a-bluff abode home. Notably, in 2023, the actor revealed that he had to mortgage that particular property to fund his latest film project: a four-movie Western epic called Horizon: An American Saga.