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The Vacation Homes of the Stars


Very few celebrities have only one home -- owning multiple residences in locations around the world is key to keeping any sense of normalcy and routine in their lives. But although first homes are usually in cities like New York and LA to be close to work, where do celebrities like George Clooney, Johnny Depp, and Oprah choose to buy vacation homes? Where do they go when it's entirely up to them and they want to relax?

Well for Clooney it's a waterfront villa in Lake Como, Italy, for Depp it's a 50 acre farmhouse in France, and Oprah prefers her ocean-front ranch in Santa Monica. Where would you live? Check out this list of celebrity summer homes and see who's taste is closest to your own.

Sunday Real Estate Round-Up

From the LA Times Hot Property:
 --Another case of famous sells to famous.Kevin Costner has sold his Hollywood Hills home there to Ryan Seacrest for $11.5 million.
--Conductor Zubin Mehta and his wife have sold their Malibu getaway for $15 million. The home sold the first day it went on the market.
--Film producer Charles Roven has sold his Beverly Hills-area home for around its $9.5-million asking price.
--Lou Diamond Phillips has sold his home in Monteria Estates, a gated community in Chatsworth, for $2.1 million.


From the NY Post's Gimme Shelter:
--Nice discount! One of New York's $50 million listing has been reduced to $39 million. Real-estate developer and former WorldCom director Francesco Galesi is eager to sell. Does Galesi overestimate the value of his properties? He originally listed a Southampton mansion for $45 million and ended selling (to Calvin Klein) for $28.9 million.
--Calvin Klein's daughter Marci is buying a SoHo condo for around $10 million. Klein is a senior producer and chief talent booker at Saturday Night Live.
-- Iris Cantor, the widow of Cantor Fitzgerald founder B. Gerald "Bernie" Cantor is in a bidding war for a penthouse with a  $14 million asking price which is being built at 110 Central Park South.
--Bear Stearns CEO James Cayne becomes the latest deep-pocketed person to buy an apartment at the plaza. He is spending $25 million for a 5,000 square foot space that will be available for occupancy next year.
--Thomas Siebel, founder of Siebel Systems, is buying the entire 79th floor of the Time Warner Center's south tower for $29 million. He is also buying half of a lower floor for around $16 million.

From the NY Times Big Deal:
--Everyone's talking about the Time Warner Center, it's officially sold out with a total sales of over $1 billion. The building might be the best place in New York to meet a billionaire.The very monied who will live there include J. Joe Ricketts who founded Ameritrade (floor 78);  as mentioned by Braden Keil of the NY Post, Thomas Siebel (floor 79) and Time Warner Center developer Steven Ross (floor 80);  as well as John W. Kluge, No. 52 on the Forbes list of billionaires and Jon L. Stryker No. 428 on the Forbes list with $1.8 billion and David Martinez who spent  $54.7 million. on two floors of raw space.
--Joseph M. Jacobs, a hedge fund manager who once planned to build the biggest house in Greenwich, Conn., has now spent $13.6 million on a three-bedroom apartment at 1 Central Park West, the Trump International Hotel and Tower. He also owns a home in the Conyers Farms section of Greenwich that he planned to live in while building their  now-scrapped 39,000 square foot mega manse.

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