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.
asserted
who → live → Caine
Ricky Martin lived there from 2004 until 2006.
asserted
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.
asserted
Martin → sell → 2006
The Smiths kept it for close to two decades as one of several homes in their property portfolio.
asserted
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.
asserted
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.
asserted
price → fall → million
Real estate agent Carl Gambino of the Gambino Group at Compass took over the listing.
asserted
Gambino → take → listing
The revised figure still didn’t attract buyers.
asserted
figure → revise → buyers
The listing lingered until December.
asserted
listing → linger → December
A famous address and a fresh renovation were not enough to hold the first asking price.
asserted
address → hold → price
Finally, on December 30, the deal was closed.
asserted
deal → close → December
The buyer paid $35 million, which is about 47 per cent of the original asking price.
asserted
which → pay → price
It still sits roughly $20 million above what the Smiths paid in 2006, before any renovation costs are counted.
asserted
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.
asserted
parcel → hold → pavilion
From there, "state-of-the-art home, perimeter, and grounds security systems" are monitored.
asserted
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.
asserted
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.
asserted
vistas → enjoy → rooms
Even the pool is positioned to allow for ocean views while swimming."
asserted
pool → position → views
The property also has an orchard, herb and rose gardens, and a motor court that can hold up to 20 cars.
asserted
that → have → cars
The Aporia
