Leonardo DiCaprio Sells Malibu Colony Spread for $17.35 Million

Leonardo DiCaprio House - H 2013

Leonardo DiCaprio House - H 2013

After a series of price chops, the actor gets a holiday season home sale.

Leonardo DiCaprio has just sold his Cape Cod-style home in the Malibu Colony for $17.35 million, according to The Malibu Real Estate Blog. The house, which DiCaprio originally put on the market in 2012 for $23 million, was reduced in June of this year to $18.9 million. After slashing the price again, the Inception star has finally found a buyer for the property, which includes a main house as well as two private guest houses.

Located just outside the gates of Malibu Colony, it's nestled in a portion of the area where lots are 2 to 3 times deeper than homes inside the gates, according to the real estate blog, which reported that the home rented for as much as $175,000 a month in peak summer season. The beach near the home is also deeper and stays dry at almost any tide -- a huge amenity in Malibu, where many front homes have no dry sand at high tide.

STORY: Leonardo DiCaprio, Deepak Chopra and Hollywood's Push Into Healthy Real Estate

Earlier this year, the New York Post reported that the Wolf of Wall Street star purchased a luxurious, health-promoting residence in Greenwich Village, New York. Designed and built by Delos Living, the home was one of five residences that claim to restore and promote well-being. The properties ranged from $30 to $50 million.