Leonardo DiCaprio Buys Dinah Shore's Palm Springs Home for $5.2 Million

 Courtesy of Alex Dethier

Leonardo DiCaprio continues his spree of acquiring five-star properties. Sources have told The Hollywood Reporter that The Wolf of Wall Street actor has just purchased the former Dinah Shore estate in the Old Las Palmas neighborhood of Palm Springs.

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The 7,000-square-foot, Donald Wexler-designed home is set on 1.3 acres and features six bedrooms, a pool, tennis court and detached gym. The property has been significantly renovated and restored to reflect its original midcentury lines. The sellers, Ben Lipps and wife Jude, bought the estate for $4.9 million in April 2011. The home was offered for $5.5 million on Jan. 16 and was promptly purchased by the actor for $5.2 million. It closed escrow on Valentine's Day. "This is the quintessential midcentury modern home," says a local architecture expert.

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The latest purchase comes on the heels of a spate of real estate activity for DiCaprio, who bought an eight-figure "health-centric" home in Greenwich Village in November and sold one of his Malibu homes for $17.35 million in December.

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