Kevin Spacey’s $5.6m waterfront condominium in Baltimore has been sold at auction amid the disgraced actor’s financial struggles following a slew of sexual misconduct allegations. Last summer, a London jury acquitted Spacey on sexual assault charges stemming from allegations by four men dating back 20 years.
That was his second court victory since he saw off a $40m lawsuit in 2022 in New York brought by actor Anthony Rapp, best known for the series Star Trek: Discovery. But Spacey said in an interview with British broadcast host Piers Morgan last month that he was millions of dollars in debt, largely because of unpaid legal bills, and facing foreclosure on the Baltimore property. Spacey moved to the Baltimore area when he started shooting the political thriller House of Cards there in 2012.
He said to Morgan he nearly had to file for bankruptcy a couple times but managed to dodge it. His luxury condo on Baltimore’s Inner Harbor sold at auction on Thursday morning for $3.24m, according to the auctioneer’s website.
It sits on a floating pier and features six bedrooms, seven bathrooms, an elevator, sauna, home theater, rooftop terrace, multiple verandas and a four-car garage. A small group of potential buyers gathered on the steps of the downtown Baltimore circuit court building and made their bids, according to local media reports. The suggested opening bid was $1.
5m. The winning bidder was acting as proxy for a real estate developer and local businessman whose identity.