Michael Douglas makes own trailer to shift island paradise

World

Michael Douglas makes own trailer to shift island paradise

Hollywood star also reduces £49m price tag of estate to £26m after fruitless five-year sales campaign

James Badcock

Selling a property in a difficult market can be a frustrating experience for any homeowner. But in the case of Hollywood star Michael Douglas it has forced him into narrating his own promotional film in an attempt to sell the Majorca mansion he first put on the market five years ago.

Despite its many features, the s’Estaca estate on the Spanish island’s spectacular northern coast has failed to generate much interest. The 200-acre site is on offer at just over half its original 2014 asking price of £49 (R918m). The promotional film, released by upmarket German estate agency Engel & Völkers, features footage of a white palace on a wooded cliff overlooking the Mediterranean.

Douglas’s voice-over begins: “In the mid-19th century, Archduke Ludwig Salvator of Habsburg bought a large piece of land on the north-west coast of the island of Majorca and began to create a magical retreat.” He explains how in 1990 he himself “fell under the spell” of the isolated paradise with its own vineyard and olive grove, when he bought the property with Diandra Luker, his ex-wife, for a reported £2.7m. The couple agreed to share the estate – six months each – so they could continue to enjoy its two cottages, five flats, spa, gym and harbour, when they split in 2000...

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