In what can only be described as a real-life Hollywood drama, Bethesda-based investor Sam Asgari finds himself locked in a tense standoff with Kevin Spacey, the disgraced actor who refuses to vacate his lavish Baltimore home after losing it in a foreclosure auction. The waterfront property, once hailed as “Baltimore’s most extraordinary home,” has now become the center of a bitter dispute.
Asgari, who snagged the sprawling 9,000-square-foot estate for $3.24 million—a fraction of its original $5.65 million purchase price—during an auction at Baltimore Circuit Court, thought he had scored the deal of a lifetime. But what should have been a straightforward transaction quickly turned into a nightmare when Spacey allegedly refused to hand over the keys.
“Right now, he’s refusing to leave,” Asgari told the Baltimore Banner. “He’s asking for six months to leave the property without paying anything.” This refusal has forced Asgari into a frustrating back-and-forth with Spacey’s legal team, turning what should have been a simple real estate acquisition into a protracted legal battle.
Spacey’s attorney, Edward U. Lee III, was quick to deny Asgari’s claims, calling them “false.” However, the investor’s frustration is palpable as he faces delays in taking possession of the home he rightfully won at auction. With a $100,000 deposit already down, Asgari is prepared to initiate eviction proceedings, possibly with the aid of sheriff’s deputies, once the sale is ratified by the courts.
The mansion in question served as Spacey’s primary residence during the tumultuous period following his ousting from the hit Netflix series “House of Cards,” amid a series of sexual assault allegations. Spacey, whose career has been marred by scandal, defaulted on the $20,230 monthly mortgage payments, leading to the foreclosure. This financial turmoil is just one chapter in the fallen star’s ongoing saga of legal and personal woes.
In a tearful interview with Piers Morgan in June, Spacey admitted, “I’m not quite sure where I’m going to live now,” revealing the depths of his financial despair. Unable to keep up with his mounting legal fees and with his belongings in storage, Spacey’s refusal to vacate the Baltimore home seems like a desperate attempt to cling to the last vestiges of his former life.
As Asgari waits for the courts to finalize the sale, the saga continues to attract attention. Sam Sheibani, the Compass agent who previously listed the property, remarked, “The sale of Mr. Spacey’s home marks the end of an era and the beginning of a new chapter for this iconic home.” Yet, the new chapter is off to a rocky start, with the specter of eviction looming over the once-glamorous estate.
Meanwhile, Spacey’s legal battles continue. Though he has won some court cases, including a recent acquittal on sexual assault charges in London, his future remains uncertain. High-profile friends like Sharon Stone and Liam Neeson may rally to his side, but Spacey’s days of luxury living in Baltimore appear to be numbered.
As the drama unfolds, Baltimore residents may soon bid farewell to the once-revered actor, whose quiet walks with his dog and dinners at the upscale Sagamore Pendry hotel will become memories of a time when Kevin Spacey still held on to a piece of his former glory. But as it stands, Spacey’s refusal to leave his foreclosed mansion suggests that his final act in Baltimore may be his most dramatic yet.
