Kevin Costner’s Real Estate Portfolio Just Might Surprise You

It’s safe to assume that someone who has won two Academy Awards, three Golden Globes, and an Emmy would have an impressively lofty real estate portfolio. That assumption couldn’t ring more true for Kevin Costner—an actor known for playing tough, masculine, salt-of-the-earth characters, including his standout role as Montana homesteader John Dutton III on the hit show Yellowstone.

The show’s newest season lacks any and all Costner appearances, though directors have shared that Dutton’s presence is still very much felt throughout the episodes. For fans that are saddened over the fact that they will no longer be graced with the character’s iconic cowboy-hat-and-suit combos, the next best thing is (obviously) a deep dive into Costner’s IRL real estate portfolio. Will there be ranches? Let’s just say that Costner might be engaging in some method acting by staying true to his Yellowstone character’s real estate preferences. See for yourself!

Carpinteria Compound

Courtesy Google EarthPart of Kevin Costner’s Carpinteria compound, which benefits from exclusive beach access and a picturesque view of the Pacific Ocean.

In 1988, a decade after meeting his first wife, Cindy Silva, Kevin Costner locked down a massive cliffside compound in Carpinteria, California. Per People, the property sits on 1.4 acres and boasts a main house with two additional guest houses. Interior imagery is not available, though due to its seaside location, it undoubtedly has killer views that Costner gets to enjoy on a regular basis (he still owns the compound).

Remember how we mentioned those additional houses? They made it squarely into the spotlight last year in a very unusual way. Amid a heated divorce battle, Costner’s second wife, Christine Baumgartner, was ordered by the court to move out of the actor’s compound but proceeded to stay close by simply moving into one of the two smaller homes on the property. This was a temporary measure, and the logistics of their divorce have been ironed out by now.

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The story doesn’t end there: In 2006, according to Mansion Global, Costner added to his Carpinteria real estate holdings with the purchase of a $28.5 million parcel “after jogging by it one day and seeing a for sale sign.” It measured 17.25 acres, seven of which he sold the very next year. This particular piece of land already included a modest house, the outlet reports, but Costner’s visions of building out a larger home, pool, and guesthouse were never realized (he did convert the on-site polo field into a baseball field, though!).

In 2017, Costner put 2825 Padaro Lane—his freshest addition to the compound—up for sale, with an asking price of $60 million. Said sale was not in the books for him, apparently, because Costner ended up taking it off the market and still calls the perched-on-a-bluff abode home. Notably, in 2023, the actor revealed that he had to mortgage that particular property to fund his latest film project: a four-movie Western epic called Horizon: An American Saga.

Costner’s entire Carpinteria compound is currently valued at about $145 million.

La Cañada Flintridge Home

Courtesy Sotheby’s International RealtyIn Los Angeles County, this 1820 Fairmount Avenue property, which Costner sold in 1999, resembles an Italian villa—with perks like a 1,000-bottle wine cellar and frescoed ceilings.

While still married to Silva, in 1989 Costner decided to commission a home that was a stone’s throw away from the Angeles National Forest. The manse’s design direction? “Italian palazzo,” according to 1820 Fairmount Avenue’s Sotheby’s listing (its latest sale was managed by Georges Rouveyrol)—punctuated by hand-painted frescoes, Murano glass windows, Venetian plaster, elegant loggia, and garden-plus-pool vistas that just might sweep you off your feet. Stone finishes here are many, along with arched doorways and candelabras.

Advertisement – Continue Reading BelowCourtesy Sotheby’s International RealtyHand-painted fresco ceilings, evident in this well-appointed living room, are common in Kevin Costner’s former La Cañada Flintridge home.

In case all of that isn’t enough, there’s also a standalone “connoisseur’s retreat with a downstairs game/tasting room and a 1,000-bottle wine cellar,” per the listing. Costner, spent a decade at the striking residence, selling it in 1999 for $2.69 million.

Spanish-Style L.A. AbodePaul Harris//Getty ImagesThe backyard of Costner’s hacienda-style L.A. home, which he acquired in 1995.

According to the Los Angeles Times, Costner copped a home in Los Angeles’s Westside region for close to $3 million. This was in 1995—the year after he split from his first wife. Not much is known about the space beyond what was reported by the outlet: mainly, that it clocks in at about 9,000 square feet, has five bedrooms, and benefits from bells and whistles like staff quarters, a pool, gym, and library. The stucco exteriors of the house are very hacienda-like, and we can imagine similar vibes when you step inside.

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Costner sold it to Ryan Seacrest in 2006 for a profitable $11.5 million. The TV personality then renovated and expanded the digs to his liking.

Paul Harris//Getty ImagesCostner poses with his three dogs in the aforementioned backyard, back in March 4, 2002. He sold the residence in 2006, handing the metaphorical baton to Ryan Seacrest.Dunbar RanchSummit Photo and FilmCostner’s ranch, a gloriously bucolic residence nestled in Colorado’s Elk Mountain Range, is available to rent out when not used by the actor.Advertisement – Continue Reading Below

Kevin Costner buying a ranch is something his Yellowstone alter ego, the Dutton family’s patriarch John Dutton III, would no doubt sign off on. This did, indeed, happen in 2000—when Costner acquired 160 acres of majestic mountain land, minutes away from downtown Aspen, and proceeded to build a luxury retreat of sorts (lovingly named after Costner’s character, Lieutenant Dunbar, in the 1990 flick Dancing with Wolves).

There’s a lot of public information available on Dunbar Ranch, and for one key reason: It can be rented out when Costner isn’t present, which usually occurs during the winter months, per the New York Post (we have a hunch he hibernates in Carpinteria!). The retreat—managed by broker associate Amy Mottier, of Coldwell Banker Mason Morse—has three separate residences with a total of 12 bedrooms and eight bathrooms, spanning approximately 6,000 square feet. They can be rented separately or together, with the latter option costing a cool $36,000 per night.

Summit Photo and FilmThe Aspen ranch’s lake allows guests to kayak, canoe, paddleboard, and fish off its dock. If that’s not paradise, we don’t know what is.John Kelly//Getty ImagesCostner canoeing on this very lake, circa 2003.

Personally, we’d be satisfied with just the views here—provided by the lake, rolling hills, mountains, and thick pine forests Costner settled on as the site of his Colorado dwelling. If you’re the type to get bored easily, however, know this: Those who rent the ranch also have access to à la carte services like ski instruction, massages, private pilates classes, and beyond. Playing on the property’s baseball field, chilling in a treehouse, dog-sledding, and canoeing on the lake are all additional options for how you can spend your time in the celeb’s bucolic sanctuary.

It’s so very down-to-earth…if down-to-earth things cost over $30,000 a night, that is.