David Milch Has Sold His Martha's Vineyard House For $7 Million
David Milch Sold His Martha's Vineyard Home for $7 million on 12 December 2019.
The house was put on the listing around three years ago for $7.9 million.
Milch and his wife made a profit of more than $3 million by selling the Vineyard property.
Milch bought the Martha's Vineyard house for just $4 million.
The Deadwood creator David Milch sold his Vineyard Haven, Massachusetts compound. He exchanged hands with the property for $7 million ($6.9 million to be exact) on December 12, after slashing nearly $1 million, as an attempt to sell it in 2015 failed to attract a buyer.
As a matter of fact, NYPD Blue creator kept his estate for sale almost three years earlier with a tag of $7.9 million.
The 22 acres property features a main house, a 1,585 square feet guesthouse, and around 600 square feet pond house.
Moreover, the main house built in a fantastic Cape Cod-style boasts five bedrooms and seven bathrooms along with a weathered and shingled exterior.
The creator of Hill Street Blues dropped a handsome sum of $4 million in 1996 for the vineyard property.
As he sold the property for $7 million, he made a profit of more than $3 million.
Previously, Milch and his wife sold their Los Angeles Brentwood neighborhood house for $4.8 million in 2014 to cover their debts to IRS, which was no less than $5 million.
Reside In A Rented House Now
During the height of his career, David Milch, an American TV personality, writer, and producer, once owned a net worth of $100 million.
However, the gambling habit of Milch parted him with $25 million in 2014; gambled Santa Anita horse racetrack over 10 years before the financial crisis hit him, leaving no money in the pocket eventually.
As per lawsuits filed in 2016, David and his wife had already sold off $13 million in assets to settle debts.
Meanwhile, David Milch has a net worth of -$17 million (debt) and currently reside in a small rented house.