Leonardo DiCaprio’s Malibu beach house is listed for $23 million, nearly a 70% increase from the $13.75 million he paid in 2021, according to Realtor.com. At the same time, the Oscar-winning actor is offering the property as a short-term rental for $65,000 per month.
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While the dual listing draws attention because of DiCaprio’s star power, it also reflects a growing trend among affluent homeowners who are monetizing real estate while holding on to long-term assets.
The $23 Million Beach House
The Pacific Coast Highway estate is tucked into a secluded cove known as El Sol, with expansive blufftop views and only a few neighboring homes directly on the sand. Listed by Tara Switzer Real Estate, the residence sits behind gates just off Pacific Coast Highway and offers an oceanfront lifestyle centered on seamless indoor-outdoor living. Floor-to-ceiling glass and open-air terraces create panoramic views of the surrounding cliffs and coastline.
As detailed by Realtor.com, the home includes four bedrooms and 4 1/2 bathrooms. The primary suite offers a fireplace, as well as a spa-style bathroom with a soaking tub and steam shower. The home also has multiple balconies overlooking the water.
The home’s exterior spaces are designed for relaxation and entertaining. There is a hot tub, a fire pit lounge area and a sauna. A gated stairway leads down to a quiet stretch of beach below. Privacy is built into the landscaping and security systems, which are essential in today’s high-end rental market.
DiCaprio’s Malibu property highlights how a combination of location, timing and smart design can elevate a home’s value. With coastal access, architectural appeal and celebrity cachet, it sits firmly in Malibu’s luxury tier where both lifestyle and investment goals align. Whether used as a private retreat or rented out to high-end clients, the estate reflects how wealthy homeowners increasingly view real estate as both personal space and financial strategy.
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Are the Wealthy Choosing Renting Over Buying?
More wealthy individuals are opting to rent luxury homes rather than buy, according to Kiplinger. Factors such as rising interest rates, lifestyle fluidity and market uncertainty have made short-term rentals increasingly appealing. Jetset Times reported a spike in demand for high-end rentals in Los Angeles neighborhoods like the Hollywood Hills, with clients ranging from business executives to entertainers.
Whether rented or sold, high-end homes like DiCaprio’s offer owners financial flexibility and give renters access to privacy, location and luxury, without the commitment of ownership.
Some view luxury renting as a trial run before committing to a multimillion-dollar purchase. Others see it as a practical solution during life transitions or temporary assignments. For property owners, offering homes like this for rent provides the chance to generate income while maintaining long-term value.
In DiCaprio’s case, the home could bring in up to $780,000 annually in rental income if occupied year-round, though that figure does not account for taxes, management fees or vacancies.
A Glimpse Into Celebrity Living
In this elite segment of the market, properties tied to celebrity names attract added interest. According to listings on Zillow, luxury rentals in Malibu commonly range from $40,000 to over $100,000 per month depending on location, privacy and features.
For high net worth travelers or professionals, renting a home like DiCaprio’s offers a unique combination of prestige, seclusion and access to one of California’s most iconic coastlines.
In a market where luxury and flexibility drive demand, homes like DiCaprio’s offer more than just a glimpse into celebrity living. They represent how real estate at this level supports evolving financial goals, lifestyle preferences and the enduring appeal of the California coast. Whether admired for its design, rented for its location or held as a strategic asset, this Malibu beach house continues to make waves.
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This article originally appeared on GOBankingRates.com: For Rent: Leonardo DiCaprio’s $23 Million Luxury Beach House
