Leonardo DiCaprio Cuts Price for Malibu Home

---

Hollywood actor Leonardo DiCaprio has re-listed his Malibu home for $18.9 million, a $4.1 million cut from the previous price. 

The beach house has made its rounds on the property market. "The Great Gatsby" actor purchased the home in 2002 for $6 million and listed it as a rental for $75,000 a month in May 2012. 

In November 2012 Mr. DiCaprio listed the home for sale with the price of $23 million, but failed to find a buyer. Earlier this year, the house was listed as a rental again with the same $75,000 a month fee. It is now "tenant occupied" and not available for showings until after Labor Day, according to the listing.

The oceanfront property consists of three separate remodeled homes with direct access to the beach. The estate offers a total of seven bedrooms, six baths, gym, two kitchens and gated parking area. 

Built in 1927, the main house includes a rooftop terrace, and an open floor plan with floor-to-ceiling windows leading to other living space.  

Known for his performance in "Titanic," "The Departed" and "Inception," among others, Mr. DiCaprio owns an eco-friendly penthouse in New York's Battery Park, according to Zillow. 

But Malibu is the preferred spot for Hollywood's elite. Actors Goldie Hawn and Kurt Russell recently sold their 4,200-square-foot Malibu home for $9.5 million.