Legal documents obtained by PEOPLE state that per a prenuptial agreement, Costner’s wife of 18 years was expected to vacate the sprawling primary residence, where their three children — Cayden, 16, Hayes, 14, and Grace, 13 — also reside, 30 days after filing.
Here’s everything to know about the beachfront property at the center of their split, along with Costner’s other homes.
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Santa Barbara, California
Costner’s Santa Barbara compound features a main home with two additional houses on a 1.4-acre property. The cliffside plot boasts stunning views of the Pacific Ocean.
According to legal documents, Baumgartner’s attorney claims that the request for order (RFO) filed by her estranged husband regarding the Santa Barbara home “seeks to kick Christine and their three children out of the house that the children have lived in for their entire lives.”
The Santa Barbara coastline.
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Costner owns another property down the street from his primary residence, Insider reports. It sits on 10 acres of land with private beach access and was briefly put on the market for $60 million in 2017.
Earlier in June, Costner revealed he took out a mortgage on the waterfront property in order to fund his upcoming movie seriesHorizon: An American Saga.
“I’ve mortgaged 10 acres on the water in Santa Barbara where I was going to build my last house,” the actor told Deadline. “But I did it without a thought. It has thrown my accountant into a f—— conniption fit. But it’s my life, and I believe in the idea and the story.”
Aspen Mountain in Autumn.
Pete Saloutos/Getty.
Aspen, Colorado
While Costner’s Santa Barbara properties are certainly impressive, his 160-acre vacation home in Aspen might just be the jewel of his collection. Dubbed Dunbar Ranch in honor of his Dances with Wolves character, the estate features 12 rooms and comfortably sleeps 27 people.
It is currently available for rent for a cool $36,000 a month and offers sweeping mountain views and lake access, along with a private baseball field and three hot tubs.
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The Midnight Star restaurant in South Dakota.
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Additional Properties
The actor has some other noteworthy spaces to tie his portfolio together. According to The Cut, Costner has an apartment in Los Angeles that he picked up after his divorce from his first wife, Cindy Silva.
Though not a home, The Bodyguard star also owned a restaurant and casino called the Midnight Star in Deadwood, South Dakota, according to Insider. The town of Deadwood caught his eye while scouting locations for Dances with Wolves, and he ended up opening the restaurant in 1991. In 2020, he sold the property because it was not generating enough revenue, the outlet reports.
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
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