Mister Spade purchased the 4 bedroom and 3.5 bathroom beach house in May 2005 for $9.3 million and hoisted it back on the market in 2007 with a sensationally rose tinted $16 million price tag. At least once Mister Spade has put the house up for lease. In 2009 it was listed as a summer rental at $65,000 per month.
Mister Spade continues to own a gated estate in the Trousdale Estates area of Beverly Hills that he bought in late 2001 for $4,000,000 and had previously been owned by both Eddie Murphy and Warren Beatty.
source: Trulia Luxe Living
listing photo: Trulia
