realestate

Kevin Bacon and Kyra Sedgwick's Real Estate Windfall After Financial Setback

Kevin Bacon's business venture aims for financial success

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evin Bacon and Kyra Sedgwick were left financially strained after falling victim to Bernie Madoff's investment scheme. Although the exact amount they lost is unknown, reports suggest it was around $30 million. However, the couple has since seen a significant increase in their passive income through real estate investments.

    Their properties in America have proven lucrative, with a base in New York and Los Angeles, as well as a 40-acre farm in Sharon, Connecticut. The farm, purchased by Kevin in 1983 for an undisclosed sum, is now worth significantly more due to the area's rising house prices. In fact, according to Redfin, Connecticut house prices have increased from around $275,000 in 2020 to over $451,000 in 2025.

    Similarly, New York has seen a 4.9% increase in house prices last year, while Los Angeles, although experiencing a slight decline, has still seen a significant rise in the past five years. It's believed that Kevin and Kyra received some of their funds back after the scandal, but their real estate investments have undoubtedly contributed to rebuilding their fortune.

    Kevin has spoken publicly about the experience, stating that he doesn't want to complain too much about the incident, especially considering his fans may be struggling with financial issues themselves. He's also shared how his rural life on the farm has influenced his diet, jokingly admitting that he no longer eats goat or pig due to having them as pets.

Kevin Bacon and Kyra Sedgwick's Los Angeles real estate portfolio after financial recovery.