Real Estate Industry News

Actor Michael Douglas, who is ready to part with his 250-acre estate in the Balearic Islands of Spain, is lending his voice to a video promoting the $32.38 million villa, reports Architectural Digest. The retreat, which Douglas bought in 1990 for $3.5 million, first came on the market in 2014, when it listed for about $60 million. The property includes a castle-like main house, cottages and apartments with a total of 10 bedrooms and 11 bathrooms, a home theater, a library, a game room and a wine cellar.