Michael Caine and Ricky Martin once owned a Beverly Hills mansion that recently sold for $35 million after being listed at $75 million in August 2025. The price dropped significantly over four months, with Carl Gambino of the Gambino Group at Compass handling both sides of the sale. Built in 1956 and situated on 2.37 acres, the Tuscan-style property includes a six-bedroom main house, a guest house, tennis court, playground, and mature landscaping, offering extensive privacy and views.
Written locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
The massive Beverly Hills mansion that was once owned by
Michael Caine and
Ricky Martin has found a buyer after being listed for four months.
asserted
that → own → months
The deal for the Benedict Canyon estate was closed for $35 million after a huge discount, according to a report by Realtor.com.
uncertain
deal → close → Realtor.com
The buyer has not been identified.
asserted
buyer → identify → ?
Carl Gambino of the Gambino Group at Compass represented both sides of the sale.
asserted
Gambino → represent → sale
Doris Day's family, then Caine, then Martin
Built in 1956, the Tuscan-style residence sits on 2.37 acres in the Benedict Canyon neighbourhood.
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residence → build → neighbourhood
The ‘legendary’ Beverly Hills mansion has had many owners since.
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mansion → have → owners
Doris Day’s family lived in the mansion for several years before it passed to Michael Caine, who is now 92.
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who → live → Caine
Ricky Martin lived there from 2004 until 2006.
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Martin → live → 2006
Martin sold the house to Michael Smith, CEO of natural gas exporter Freeport LNG, and his wife, Iris, for $15 million in 2006.
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Martin → sell → 2006
The Smiths kept it for close to two decades as one of several homes in their property portfolio.
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Smiths → keep → portfolio
The couple also had a Malibu beachfront home that they purchased from Hard Rock Cafe founder Peter Morton for $110 million, according to The Real Deal.
uncertain
they → have → Deal
"This exceptional Beverly Hills estate offers an unmatched combination of privacy, history, and panoramic views, presenting a rare opportunity to own one of the area's most storied and breathtaking properties.
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estate → offer → properties
From $75 million to $35 million in four months
Pic credit: Realtor.com
In August 2025, the Smiths listed the property on the market, asking $75 million, which is almost five times what they had paid for.
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they → list → what
But despite the famous previous owners, buyers did not rush in.
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buyers → rush → owners
A few weeks later, the asking price fell to just under $50 million.
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price → fall → million
Real estate agent Carl Gambino of the Gambino Group at Compass took over the listing.
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Gambino → take → listing
The revised figure still didn’t attract buyers.
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figure → revise → buyers
The listing lingered until December.
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listing → linger → December
A famous address and a fresh renovation were not enough to hold the first asking price.
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address → hold → price
Finally, on December 30, the deal was closed.
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deal → close → December
The buyer paid $35 million, which is about 47 per cent of the original asking price.
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which → pay → price
It still sits roughly $20 million above what the Smiths paid in 2006, before any renovation costs are counted.
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costs → sit → 2006
From listing to closing, about four months passed.
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months → pass → closing
The identity of the buyer remains unknown, and the price and closing date are the only hard details so far.
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price → remain → buyer
What the buyer gets
The six-bedroom main house was pitched as the best of both worlds in terms of extravagance and comfort, with living spaces that feel spacious and cosy at once.
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that → get → spaces
"The grounds include a luxurious main residence, guest house, lighted tennis court with pavilion, separate children's playground and play court, and a dedicated security house—all surrounded by vast lawns, lush gardens, and mature landscaping," the description on the listing reads.
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description → include → listing
The primary suite "features its own terrace with city and ocean views".
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suite → feature → views
It also has a private sitting room, two bathrooms with dressing areas, enormous closets, and an adjoining flex room described as "ideal for a nursery, massage room, office or additional wardrobe."
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It → have → nursery
Beyond the main house, the parcel holds a guest house, a lighted tennis court with a pavilion, a separate children's playground and play court, and a dedicated security house.
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parcel → hold → pavilion
From there, "state-of-the-art home, perimeter, and grounds security systems" are monitored.
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systems → monitor → ?
The house is designed to take full advantage of the views.
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house → design → views
The pool gives a beautiful view of the ocean.
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pool → give → ocean
"From the moment you arrive, the most striking feature is the panoramic views—stretching from Mid-Wilshire, over Santa Monica and the ocean, all the way up the coast to Malibu," the listing says.
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listing → arrive → Malibu
"These sweeping vistas can be enjoyed from nearly every part of the estate, including all the primary rooms, patios, yards, and terraces.
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vistas → enjoy → rooms
Even the pool is positioned to allow for ocean views while swimming."
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pool → position → views
The property also has an orchard, herb and rose gardens, and a motor court that can hold up to 20 cars.
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that → have → cars
The Aporia
