Kevin Spacey Stands His Ground: Refuses to Leave $5.6M Baltimore Condo After Foreclosure

Photo byWiktor Szymanowicz/Future Publishing via Getty Images; Realtor.com

In a saga that intertwines the glamour of Hollywood with the harsh realities of financial and legal battles, Kevin Spacey, the acclaimed actor, is reportedly resisting eviction from his $5.6 million Baltimore condo after it was sold at a foreclosure auction. This latest chapter in Spacey’s tumultuous life comes after his highly publicized legal troubles, which have left the once-revered actor in financial disarray.

Spacey, 65, had previously disclosed that the lavish 9,000-square-foot property would be auctioned to cover the exorbitant legal fees from his 2023 sexual assault trial. Although he was acquitted of all charges, the actor revealed in a tearful interview with Piers Morgan that his finances had been severely depleted, stating, "I still owe a lot of legal bills that I have not been able to pay."

The luxurious condo, located in the exclusive Pier Homes at the Harborview community, was sold at auction in late July for $3.24 million—far below its original purchase price of $5.65 million in 2017. The winning bid was placed by real estate investor Sam Asgari, who has since come forward to accuse Spacey of refusing to vacate the premises.

“Right now, he’s refusing to leave,” Asgari told The Baltimore Banner. “He’s asking for six months to leave the property without paying anything.”

These allegations were swiftly denied by one of Spacey’s lawyers, Edward U. Lee III, who stated in an email to The Banner, “The accusation by Mr. Asgari is false.”

The property, a striking five-story combination of two townhouses, boasts six bedrooms, seven full bathrooms, three half-baths, a home theater, sauna, elevator, billiard room, and a chef’s kitchen. Multiple decks, including a 76-foot rooftop with a spa, offer sweeping views of the harbor, and a four-car garage completes the opulent residence.

The auction, held on the steps of the Baltimore Circuit Court on July 25, saw Asgari secure the winning bid after paying a $100,000 deposit. Maryland’s foreclosure laws dictate that the sale must be ratified by the court, a process that can take up to 30 days. Only after ratification does the legal title pass to the buyer, who must then fulfill the financial obligations within 10 days. In cases where the previous owner refuses to vacate, the buyer may pursue legal action to evict them—though such actions are typically a last resort.

As of now, it remains unclear whether the sale of Spacey’s condo has been ratified, as only 16 business days have passed since the auction.

This unfolding drama encapsulates the precarious intersection of celebrity, wealth, and the legal system, serving as a stark reminder that even the most celebrated figures can face the full weight of financial and legal consequences.