Johnny Depp Takes a Loss on Sale of Longtime Kentucky Ranch

Published: March 21, 2020 | By: American Luxury Staff

After dealing with listing and relisting—and, once, attempting to auction—his horse ranch in Kentucky for better than three years, Johnny Depp has finally sold the farm.

In the end, the actor accepted an offer of just $1.35 million for the property, a far cry from the $3.4 million initial ask it carried when Depp first marketed it in 2016—and a loss, in the end, as Depp paid $2 million for the bucolic bit of splendor in the Bluegrass State when he took ownership of it in 2005. It was more of a repurchase, as Depp had bought and sold this same property prior to that.

The ranch joined a host of other Depp-owned residences in a selloff that launched in the middle of the last decade, and is still ongoing. Among the other entries in the Oscar-winner’s portfolio: a quintet of condos in the Columbia building, and a small village in Provence, France.

The horse farm in Kentucky was, according to multiple online sources, purchased as a gift for a family member. Depp may have sold it—and the other properties—to help cover losses incurred after a substantial financial disparity originating in a dispute with former business managers…who happen to have been investigated by the Justice Department, the SEC, and the IRS, a triumvirate of Federal agencies with whom no-one should ever find themselves in opposition.

The property’s house is an unassuming, casual design, although it begins with a very formal neoclassical portico entrance. The red brick of the front path foreshadows the warmth of the interiors.

But the real star of the show is the land—42 acres of rolling, fertile land, with pasture, paddocks, barns and stalls, and the other trappings favored by the equine. A pool, and a guest house, fulfill warm-weather recreational needs and augment accommodations.

Depp’s more recent roles include the lead in Minamata, which debuted in Berlin last month to critical acclaim. The film also stars Bill Nighy—a second good reason to go see it.

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