He doubled its size to 20,000 square feet; created a hobbit-themed TV room with mushroom-shaped windows, a retractable television screen, and curved walls; and installed a 14,000-gallon curved aquarium in the primary bathroom. In the mid-’90s, he added two important structures to the property: a guesthouse and a study, which he wanted to integrate “as if they had always been there,” he told AD in April 1994. The three structures are connected via a spiral ramp reminiscent of Frank Lloyd Wright’s late work. Spielberg also added a vineyard to the property in 2013. The director and his current wife, Kate Capshaw, still consider this compound their primary residence, and it has been estimated to be worth upwards of $100 million by the website Celebrity Net Worth.
Spielberg purchased the first of two Malibu properties that would become a mega-compound for $3.375 million this year. More than a decade later, in 2000, he would buy the second for $3.2 million. The two-parcel spread comprised 1.41 acres with a 7,237-square-foot main house and a separate, self-contained guesthouse. Built in the Arts & Crafts style, the seven-bedroom, eight-and-a-half bathroom residence included a media lounge with a fireplace, a dining area with a bay window, and a spacious home theater. The second-floor primary suite boasted an oceanside terrace, a massage room, and a private library. Spielberg and Capshaw put the sprawling residence up for rent in 2013, asking $125,000 a month (later, it rose to $150,000 a month) before finally selling it in an off-market deal for $26 million in 2015.
Spielberg next expanded his East Hampton holdings with the purchase of a 1900s home for $20 million. The Hollywood icon promptly razed the existing house and planned to build a new mansion in its place on the three-acre pond-front lot, but nothing came of the building plans for years. Finally, in 2014, he quietly listed the empty Georgica Cove lot for $24.5 million. It sold for $21.25 million several months later.
Spielberg then turned his attention from land to sea, commissioning the construction of a 282-foot mega-yacht he named Seven Seas after his seven children and his wife. The oceanic behemoth was built by Netherlands-based company Oceano, and featured four decks, a swimming pool, multiple spas, full cinema, and helipad. It could easily accommodate up to 20 guests in its nine staterooms, as well as up to 28 crew members, and with its 77,000-gallon fuel tank, could potentially make a transatlantic trip. The main suite on the upper level featured a private study, a walk-in closet, and a spacious bathroom with spa. Spielberg listed Seven Seas for $160 million in spring 2021 and sold it several months later for a reported $150 million, to billionaire steel baron Barry Zekelman. The yacht has since been appropriately renamed to Man of Steel. It has been rumored that in 2019, Spielberg commissioned Oceano to build a new, even larger yacht measuring 358 feet.