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Real Estate and the Academy Awards

Posted by: Chris Palmeri on February 19, 2008

Online real estate sites have to do something to attract attention these days., a division of the Fidelity National title insurance company, recently came with an analysis of where this year’s Oscar nominees live.

In all there are 19 nominees in the four acting categories. Only six live full time in Southern California or New York City, the two stereotypical hotspots for movie stars. The Web site notes that after the ceremony on February 24, the majority of the statuettes could be shipped abroad.


Ten nominees have their primary residences overseas. Marion Cotillard (“La Vie en Rose”) lives in France, Javier Bardem (“No Country for Old Men”) in Spain and Tilda Swinton (“Michael Clayton”) hails from Scotland. Double nominee Cate Blanchett (“Elizabeth: The Golden Age” and “I’m Not There”)lives in Sydney, Australia.

Many of the nominees have homes in the U.S. and abroad. Johnny Depp (“Sweeney Todd: The Demon Barber of Fleet Street”) lives mostly in Paris, but also Los Angeles. Daniel Day-Lewis (“There Will Be Blood”) owns properties in Litchfield County, Conn. and Ireland. George Clooney (“Michael Clayton”) has an eight-bedroom Tudor above Laurel Canyon in the Hollywood Hills and an Italian villa.

Then there are the more traditional stars like Hal Holbrook (“Into the Wild”) and his wife, Dixie Carter, who own a house in Beverly Hills that Cyberhomes values at $3.3 million. Casey Affleck (“The Assassination of Jesse James by the Coward Robert Ford”) and his wife, Summer Phoenix, own two million-plus properties in the Mulholland Drive area of Los Angeles. Philip Seymour Hoffman (“Charlie Wilson’s War”) lives in a penthouse apartment of a 45-unit building in Manhattan’s Greenwich Village. Cyberhomes values his unit at a little over $1 million.

Tommy Lee Jones may be the biggest winner even if he doesn’t pick up an Oscar for his performance (“In the Valley of Elah”). He and his wife live in Terrell Hills, a community northeast of San Antonio, that shows the highest appreciation over a two-year period among all the nominee neighborhoods. From January 2006 to January 2007, home prices in Tommy Lee’s hood appreciated nearly 12%, well above the national average. Of course the median price was just $300,000.

Reader Comments

Real Estate

January 1, 2009 11:49 PM

Real Estate and the Academy Awards.
real estate sites have to do something to attract attention these days.

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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