No stranger to real estate investment and development, Academy Award-winning actor Michael Douglas began his real estate sideline at age 21. With the first money he ever made, working on one of his father?s films in 1966, he bought 70 acres of raw land in Vermont – which he still owns. Unlike many celebrity house flippers, Douglas holds on to his properties for decades. Now at the age of 74, Douglas and Academy Award-winning wife, Catherine Zeta-Jones, have been spending their time between their homes in New York and Bermuda and rarely have the opportunity to visit their Mediterranean estate, S?Estaca, on the Spanish island of Majorca, which Douglas has owned for 30 years. It is listed at $32.7 million.

From 1838 when Chopin spent his winters there, Majorca has been the place to be seen for celebrities from the arts to politics. In Hollywood?s heyday, Audrey Hepburn and Elizabeth Taylor vacationed at Hotel Formentor, which was also where Grace Kelly and Prince Rainier had their honeymoon. In more recent times that person who looks so familiar could be Gwyneth Paltrow, Harrison Ford, Noel Gallagher or Sting checking out the day?s catch in the local fish market. Douglas hosted many of his Hollywood friends at S?Estaca over the years, which is set up to sleep 20. 
Filled with a romantic history, and completely private on its almost 200 acres spanning the mountains to the sea, S?Estaca was purchased by Archduke Ludwig Salvator of Habsburg in 1867 as a place ...