Kevin Costner Mortgages $145 M Oceanfront Compound in Carpinteria, CA to Fund $100M Film

Kevin Costner, the acclaimed actor and “Yellowstone” star, has taken a significant personal and financial risk to bring his long-awaited film to life.

Costner has mortgaged his 10-acre oceanfront property in Santa Barbara, California, to fund “Horizon,” a Western movie series he has been developing for over 30 years.

This prime undeveloped coastline in Carpinteria, valued at an estimated $145 million, was originally intended to be the site of a new family home.

View of  Kevin Costner's Santa Barbara Estate

A Personal Sacrifice

In an interview, the 69-year-old actor shared his unwavering belief in the project, despite the financial strain it caused, even putting his relationship with his wife Christine Baumgartner at risk.

This challenging decision underscores Costner’s deep personal and professional commitment to bringing “Horizon” to life.

A Storied Real Estate Portfolio

His extensive real estate holdings reflect his multifaceted career and personal interests, demonstrating his ability to balance significant financial ventures in film production and property investment.

Among his other notable properties are a 17-acre estate in Carpinteria and a 160-acre ranch in Aspen, known as The Dunbar, which generates significant rental income with rooms available for up to $36,000 per night.

Additionally, Costner owns several other properties, including apartments in Los Angeles.

While Costner’s decision to mortgage his prized property has raised eyebrows, it underscores his dedication to bringing “Horizon” to the big screen, marking a pivotal moment in his storied career.

Photos of his Oceanfront Estate

A rustic coastal house with a vintage truck sits on a lush green lawn, providing a picturesque view overlooking the expansive ocean.

Coastal House in Kevin Costner's Santa Barbara Estate

The expansive view showcases vast manicured lawns bordered by majestic trees, with the striking mountains in the background.

Lawn in Kevin Costner's Santa Barbara Estate

A tranquil bench on a grassy knoll faces the serene ocean, offering peaceful moments and dramatic vistas.

Bench in Kevin Costner's Santa Barbara Estate

The 10-acre property in Carpinteria features stunning views of the Pacific Ocean and lush, green surroundings.

Ocean View in Kevin Costner's Santa Barbara Estate
Pathway in Kevin Costner's Santa Barbara Estate

This panoramic shot captures verdant lawns extending to the cliffs that seamlessly meet the sparkling ocean.

Aerial View of Kevin Costner's Santa Barbara Estate

A clear blue sky stretches above a simple white house on a vibrant green lawn overlooking the tranquil sea.

Lawns in Kevin Costner's Santa Barbara Estate

Rolling green lawns gently slope towards the expansive ocean, dotted with mature and majestic trees.

Lawns in Kevin Costner's Santa Barbara Estate

Two horses graze contentedly in a lush, verdant area of the property, surrounded by mature trees.

Horses in Kevin Costner's Santa Barbara Estate

A stunning sunset view captures the golden sun dipping into the ocean, casting a warm, inviting glow.

Sunset from Kevin Costner's Santa Barbara Estate

The scenic coastal path winds down from the estate’s cliffs to the sandy beach below, lined with trees and vegetation.

Pathway in  Kevin Costner's Santa Barbara Estate

An aerial view of the property reveals dramatic cliffs meeting the sandy shore, with the expansive ocean stretching out under the clear sky.

Aerial View of Kevin Costner's Santa Barbara Estate

The expansive view shows vast, manicured lawns bordered by majestic trees, with the impressive mountains in the background.

Aerial View of Kevin Costner's Santa Barbara Estate

The winding dirt path gently slopes down a grassy hill lined with tall trees, leading to a breathtaking ocean view.

Pathway in Kevin Costner's Santa Barbara Estate

Mature trees and lush greenery perfectly frame a stunning view of the ocean beyond.

Greenery in Kevin Costner's Santa Barbara Estate

Horseback riding on the green lawn offers a leisurely experience with the majestic mountains in the background.

Horse Riding in Kevin Costner's Santa Barbara Estate

Horses graze contentedly in a verdant area of the property, surrounded by mature trees.

Horses in Kevin Costner's Santa Barbara Estate

Rolling green lawns gently slope down towards the ocean, dotted with mature trees.

Lawns in Kevin Costner's Santa Barbara Estate

Photo Credits: Movoto

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