Pam, Leo, Pierce: A Summer of Celebrity Rentals

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celebrity rentalsTis the season, it seems, for high-end celebrity rentals! Not that we're complaining. It's just that the level of (largely unattainable) eye candy being thrust on the market is getting slightly out of hand.

First, there was Pamela Anderson's $50,000-a-month rental in Malibu (down $25,000 from last year). Then there was Leonardo DiCaprio's newly-remodeled Malibu Colony beach house, renting for $150,000 a month for leases less than six months and $75,000 a month for long-term tenants. And if you thought that was steep, funnyman Martin Lawrence has put his sprawling Beverly Hills castle up for an exorbitant $200,000 a month. You read that right: That's $200K. A month.

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Martin Lawrence's Beverly Hills Estate
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Pam, Leo, Pierce: A Summer of Celebrity Rentals
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Our favorite A-list rental, however, would have to be Pierce Brosnan's exceptional Malibu beach house. The architecture is a mix of Thai-Balinese contemporary that's eco-friendly and features a luxurious indoor Japanese spa with a soaking tub. And it can be temporarily yours for an icy cool $250,000 a month.

All of this raises the question: Is being a landlord the hot new trend among celebrities, along with Broadway stints and balayage?

"I wouldn't say it's a new trend," says Eric Malley, senior vice president of Sotheby's International Realty (currently representing Alicia Keys' New York City penthouse). "It's just another alternative to selling. Also, celebrities often buy properties as investments with the intent of renting them out to begin with."

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See Pam Anderson's Malibu Vacation Rental
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Malley adds that with celebrities' erratic work schedules and constant travel, they tend to have less of a connection with their properties and are more likely to want them rented out -- to fellow celebrities, unsurprisingly.

"Celebrities are definitely more likely to rent from other celebrities," confirms Jason Saft, the senior associate at Citi Habitats who famously appeared on "The Real Housewives of New York City" to help Countess LeeAnn de Lesseps find an apartment. "Like anyone, they'd prefer to rent to friends they know. Plus, fellow celebrities will generally want the same characteristics in a home -- privacy, security, plenty of space."

And not to mention, they're also in the same tax bracket ($250,000 a month?!?!).

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Celebrity Second Homes
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Pam, Leo, Pierce: A Summer of Celebrity Rentals
From Sarah Jessica Parker to Tom Cruise, celebrities snap up properties that offer a respite from the rest of the world, as well as a return on investment.
(Pictured: Nicole Kidman and Keith Urban's Nasvhille Home)
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Santa Barbara, Calif.
Billionaire Winfrey, who also owns homes in Hawaii, Milwaukee and Chicago, uses this 42-acre, $50 million estate in Santa Barbara while visiting friends on the West Coast.
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Telluride, Colo.
Cruise has held property in Telluride for more than 15 years.
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Jackson Hole, Wyo.
Indiana Jones star Ford keeps a fleet of planes at his 800-acre ranch in Jackson Hole, Wyo., which he shares with partner Calista Flockhart.
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East Hampton, N.Y.
Parker and her husband, actor Matthew Broderick, enjoy summer holidays in the perennial hot spot.
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Nashville, Tenn.
Kidman and Urban put their four-bedroom, five-bath, $2.5 million house on the market in September 2007. The property includes a gym, pool and spa, but the expecting couple decided to build a new home on 36 acres of land in the area.
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See also:
Kenny Rogers' Estate on Auction Block
Celine Dion Lists Mansion With Helipad at Soaring Price

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