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Tobey Maguire Turns Pretty Profit on Santa Monica Compound

“Spider-Man” star Tobey Maguire has spun a pretty profit off his attractive Santa Monica compound.

The 41-year-old actor, who has a penchant for real estate investment, sold the Mission-style Princeton Street property with an artistic pedigree on Wednesday afternoon for about 24% more than he paid for it less than two years ago, property records show.

Listing agent Scott King confirmed the house closed on Wednesday for $3.325 million, about $330,000 above the asking price.

While Mr. King did not disclose who the buyer and seller were, referring to privacy agreements, property records show Mr. Maguire bought the home through a limited liability company linked to his manager in 2015 for $2.68 million.

Mr. King described the buyer only as a designer.

The compound includes three buildings, a main house built in 1927, a 1,200 square-foot studio and a separate gym.

The home’s intrigue dates back long before Mr. Maguire and the mystery designer. Los Angeles-based sculptor Michael McMillen grew up in the house, later expanding it and building a separate studio as his workspace.

Mr. McMillen, whose work is in permanent collections at a half-dozen museums from the Guggenheim in New York City to the Australian National Gallery in Canberra, put more than $500,000 worth of improvements into the home, according to property records.

He hired architect Ruben Ojeda to add a second floor to the bungalow and raise the ceiling to 22 feet, Mr. King said in a previous interview from October.

“He wanted to keep the spirit of Spanish style, but he wanted to modernize and expand it,” said Mr. King. That included adding exposed wooden beams, large windows and barrel ceilings.

Mr. McMillen also hired architecture firm Koning Eizenberg to build the 1,200-square-foot studio, one of the now-famous firm’s earliest works. A third structure has been converted into a gym.

In 2015, Mr. Maguire reportedly sold a house in Brentwood, California, for $10.25 million, $1.8 million more than what he paid a year prior.

A manager for Mr. Maguire did not immediately return request for comment.

This article was written by Beckie Strum and originally appeared in Mansion Global.

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