The sprawling three-acre multi-million dollar Warwick estate owned by Michael Douglas and Catherine Zeta-Jones has been put up for sale, just weeks after the couple relisted their Majorca estate and slashing the asking price by $30 million”.
According to the report, the eight-bedroom, eight-bath compound in Bermuda “has been owned by the couple for decades”.
“It comprises of a main house, two-storey guesthouse, two-bed caretaker’s cottage and one-bed apartment”, as “the pair seem to be scaling down their real estate portfolio; they are also trying to sell their Majorca estate”.
“The compound includes eight bedrooms and eight bathrooms across the main residence, two-storey guesthouse, two-bedroom caretaker’s cottage and one-bedroom apartment.
“Set in landscaped gardens in Bermuda’s Warwick Parish, the 7,300-square-foot main house is in a Colonial style and covered with ivy,” the article continues.
According to the report: “The 7,300-square-foot main house on the ranch was built in a Caribbean Colonial style, with an ivy-covered facade and painted white roof.
“Inside, there are comfortable formal living and dining rooms with working fireplaces, and an expensively kitted-out, if slightly cozy, kitchen-diner with wood cabinets and an exposed-beam ceiling.
“The children’s wing of the house is made of bedrooms and lounges on the ground floor, while the adult section comprises an en suite guest bedroom, office and master suite with a wooden-planked veranda overlooking Hamilton Harbour.
“There is also a gym with a sauna in the basement, and a herb garden, fruit orchard, tennis court and swimming pool outside.”
The property also includes “landscaped gardens, a herb garden, fruit orchard, tennis court (pictured above) and swimming pool.
“Aside from owning a home there for decades, Michael Douglas has a multi-generational connection to the tiny nation of Bermuda.
“Through his mother, Diana, the actor belongs to one of the oldest and well-known families on the island, and his ancestors lived there in the 17th century,” the report said.
“I celebrated my first birthday [in Bermuda],” Douglas told Architectural Digest in 2002.
“There’s real solace in returning to this tiny island where I have so many relatives, probably 70, in one place. To me, Bermuda is a real family spot.,” he added.
“The ranch, which has been on and off both the sales and rental markets for several years, is now listed with Lyndy Thatcher at Rego Sotheby’s Intl. Realty for an asking price of $10.6 million.
“The Hollywood power couple own over $100 million in real estate all over the world, and the Welsh-born Oscar winner admits: ‘Like people collect art, we collect homes. We love architecture. It’s like a passion.”
“But they are clearly scaling back their collection as they have also been trying to sell their Majorca estate for around five years.”
The estate was put on the market in 2014, “by Sotheby’s for a colossal $60 million”.
“They were forced to drop the price last year to $45 million, and then again to $40 million in January, and finally to almost half the original price – $32.38 million.
“It’s thought that, despite the Wall Street actor calling it his ‘spiritual home’, wife Zeta-Jones, 49, prefers their other holiday homes they have dotted around the world, including an apartment in Manhattan, summer home in Bedford, New York, and – until recently – the ranch in Bermuda.
“The couple are also trying to sell their Majorca estate, which boasts two cottages, five apartments, 10 bedrooms in total, 11 bathrooms, home theater, outdoor heated pool, library, games room, outdoor kitchen, wine cellar and vineyard. In the past, the stunning Spanish retreat has played host to the likes of Tom Cruise, Nicole Kidman, Michelle Pfeiffer and Jack Nicholson.”