Kevin Spacey’s Former Waterfront Baltimore Mansion, Once At The Center Of A Legal Battle, Is Up For Sale Again

ByJoseph Gibsonon March 4, 2025inArticles›Celebrity Homes

Once you’ve taken a look at the incredible five-story waterfront mansion that until recently belonged to disgraced and embattled actor Kevin Spacey , it’s hard to forget it. The one-of-a-kind 9,000-square-foot home sits right on the water at the end of a pier near Baltimore’s Federal Hill neighborhood, and Spacey had previously gone to court to keep it from going into foreclosure. But that’s apparently all in the past, as the home’s new owner has now placed it back on the market with an asking price of $5.99 million.

That’s a profit of more than $2 million from the $3.24 million the present owner, real estate industrialist Sam Asgari, got it for at foreclosure auction last summer. Since then, Asgari was battled in court by Spacey, who accused Asgari of “bullying and threatening” him as well as neglecting to “comply with the rules applicable to purchasers following a foreclosure sale.” Asgari had some issues with Spacey’s conduct as well, saying the actor was refusing to vacate the home within the (rent-free, it should be noted) six-month period he was allotted to leave.

The home is impressive enough to be a true real estate gem, no matter what public controversies may befall it. Here’s a bit from its current official listing:

“Anchored at the end of the pier, this estate is a singular expression of distinction—crafted for those who accept nothing short of perfection. Its five meticulously designed levels encompass six bedrooms, seven full baths, and three half baths, blending opulent design with state-of-the-art modernity. Every detail has been curated for luxury living: a private elevator, spa-grade sauna, custom home theater, and multiple sprawling verandas that frame the Inner Harbor’s breathtaking vistas. The crown jewel is a spectacular rooftop terrace offering 360-degree, unobstructed waterfront views—a rare, elevated sanctuary for sunset cocktails or starlit soirées. A four-car garage accommodates any collector’s fleet, while every inch of the home reflects the craftsmanship of the highest order, with bespoke finishes that elevate it to a league of its own.”

The listing also touts the home’s enviable location, within “Baltimore’s most sought-after gated enclave in Harborview” and “directly on Baltimore’s harbor and within walking distance to the city’s bustling downtown center, as well as the trendy Federal Hill and Locust Point neighborhoods.” The larger Harborview community offers its own amenities, including 24-hour security, a health club with pool and spa, and a private dog park.

Spacey purchased the property in 2017. After his fall from grace, he made it his primary residence amid mounting legal bills and a steep drop-off in acting work. Here’s a video of it from before Spacey bought it below, courtesy of Charlie Hatter on YouTube:

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Kevin Spacey’s $6 Million Waterfront Baltimore Mansion Heads To Foreclosure Auction Next Month

ByBrian Warneron January 29, 2024inArticles›Celebrity Homes

In February 2017, a five-story home on Baltimore’s Inner Harbor waterfront sold for $5.65 million. The house was bought through a corporate entity called “Clear Coaster, LLC.”

From the moment the transaction closed, everyone wanted to know who would pay that much – a record price for the area – for a home in Baltimore? Perhaps a player on the Ravens or the Orioles? Or maybe Kevin Plank , the founder of Baltimore-based Under Armor sportswear company? Maybe Stringer Bell? The home in question spans 9,000 square feet, has six bedrooms, a home theater, elevator and sauna. Here is a video tour:

With a bit of digging, local sleuths figured out that Clear Toaster was managed by a man named David Bolno. Blono was a partner in an LA-based accounting/business management firm that represents wealthy entertainers. A little more digging uncovered that Bolno acted on behalf of another person named Evan Lowenstein.

Who was Evan Lowenstein? A little more digging revealed that in the late 1990s/early 2000s, Kevin was in a boy band called Evan and Jaron, whose song “Crazy for This Girl” hit #15 on the Billboard Hot 100 in 2000. Evan eventually gave up singing and became a manager. In February 2017, Evan had precisely one client: Kevin Spacey.

Now, it was all coming together.

In early 2017, Kevin was still a beloved actor starring on a massive Netflix show, “House of Cards.” A show that paid him $20 million a season as both the star and producer.

Why would Kevin Spacey need a $5.65 million home in Baltimore? Because “House of Cards,” which at this point was about to begin production on its fifth season, was filmed at a studio 30 minutes away in Joppa, Maryland.

As it would turn out, Kevin would only have around six months of peace and happiness in this home. In October of 2017, actor Anthony Rapp alleged that at a party in 1986, Spacey made sexual advances towards him. At the time, Rapp was 14. Spacey was 26. This allegation opened the proverbial floodgates. Fifteen other people came forward and made similar allegations against Spacey. His career and reputation were swiftly destroyed.

(Photo by Alexi Rosenfeld/Getty Images)

Netflix didn’t know what to do with Spacey. “House of Cards” pretty much single-handedly minted Netflix and original content streaming business. In the end, Netflix and the production company behind the show, Media Rights Capital (MRC), decided to end the series after a shortened sixth season. Spacey was removed from the show as both a star and executive producer. Netflix also canceled a biopic about Gore Vidal that he was supposed to star in and eventually cut ties altogether. As did Kevin’s agency, Creative Artists Agency. Kevin’s career was dead. And with it, his ability to earn $20 million a season from “House of Cards” and $5-10 million per major film role were also gone. And that wasn’t the worst of the financial pain to come.

In January 2019, Media Rights Capital sued Kevin. MRC’s lawsuit sought compensation FROM SPACEY PERSONALLY for the financial damages it incurred for having to scrap the entire sixth season after filming two episodes. Furthermore, MRC claimed in the scramble to right the ship, it only had enough time to produce eight episodes for the sixth season, five fewer than Netflix ordered. MRC lost millions in licensing fees by not being able to deliver a full season. In November 2021, a jury agreed with MRC and ordered Kevin to pay $31 million in damages. Kevin appealed, but in August 2022, the damages were upheld. This meant that Kevin had to pay MRC $31 million personally.

It’s possible Kevin Spacey could have cut that check at the absolute peak of his career when he had a net worth that we estimate once topped $50 million . But after spending God knows how much money on lawsuits and losing his ability to earn big paychecks, clearly something was off for Kevin’s finances.

This probably explains why, in mid-2022, Kevin reportedly stopped paying his $20,000 monthly mortgage on the Baltimore house. By February of 2023, the debt had apparently grown to $171,000, and a debt collector had sought permission to begin foreclosure proceedings. In July of 2023, the Home Owners Association filed a $43,400 lien against the property, apparently because he had not paid the $2,600 monthly HOA fee for approximately 16 months. In August of 2023, a judge granted a debt collection agency the right to sell the mansion. That foreclosure auction will take place on February 29.

It’s not clear if Kevin owns other real estate around the country that he can retreat to after this home is sold at auction. He has always bought properties through LLCs, just as he did in Baltimore, to obscure his identity. We do know that he previously owned a mansion in Los Angeles. In 1997, Kevin paid $2.135 million for a home in LA’s Los Feliz neighborhood. He sold this house in July 2017 for $11 million.

The opening bid for Kevin’s soon-to-be former Baltimore house is not known. I’m no Baltimore real estate expert, but I can’t imagine there are a lot of people interested in paying $5+ million for homes in downtown Baltimore. Especially ones that have the bad mojo of Kevin Spacey as the previous tenant. There’s one property currently listed for sale in all of Baltimore for over $4 million. It’s a condo not far from Kevin’s unit. The list price is $4.25 million and has been on the market for 236 days.

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