“Kevin Costner Owns a Sprawling Ranch Fit for His Yellowstone Character — Where Does He Live?”
Where Does Kevin Costner Live? Inside the Sprawling Properties That Reflect His Yellowstone Character
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Kevin Costner’s real estate portfolio is as expansive and iconic as the characters he portrays—particularly his role as John Dutton in Yellowstone. Earning a reported $1.3 million per episode for the hit series, it’s no surprise that Costner’s collection of homes is both impressive and pricey. Over the years, his properties have fascinated fans—not just because of their grandeur, but also because of the personal drama surrounding them, especially his longtime Carpinteria, California estate, which was at the center of his 2024 divorce from second wife Christine Baumgartner.
In a bold financial move, the Dances with Wolves star even mortgaged another Santa Barbara property to fund his multi-part film project, Horizon: An American Saga. “I did it without a thought,” he said. “It’s my life, and I believe in the idea and the story,” though he admitted it sent his accountant into “a f–king conniption fit.”
Despite some setbacks, Costner has held on to most of his properties for decades—and hasn’t added any new ones in nearly 20 years. Below, we take a closer look at the actor’s impressive real estate holdings.
Carpinteria Beachside Compound
Costner and his first wife, Cindy Silva, purchased a sprawling compound in Carpinteria in 1988, near Santa Barbara, California. Originally their family home, the 1.4-acre oceanfront estate includes three separate homes and sits atop a scenic bluff overlooking the Pacific. After the couple divorced in 1994, Costner retained ownership.
The property made headlines again in 2023 amid Costner’s divorce from Baumgartner, who reportedly refused to vacate and moved into a smaller home on the estate, originally intended for staff. Eventually, she relocated to a $40,000-a-month rental in Montecito after the couple reached a confidential settlement.
Costner frequently uses the estate to host One805LIVE!, a benefit concert supporting Santa Barbara County’s first responders. The most recent event in September 2025 included appearances from Prince Harry, Meghan Markle, Rob Lowe, Trisha Yearwood, and others, with a star-studded guest list including Oprah Winfrey and Orlando Bloom.
La Cañada Flintridge Estate
In 1989, Costner and Silva acquired a 0.75-acre lot in La Cañada Flintridge, where they built a Mediterranean-style villa designed by architect John McInnes. Completed in 1991, the property included a 6,754-square-foot main home with luxurious details—frescoes, stone columns, and a grand staircase—plus a separate building housing a wine cellar, game room, and custom aquarium.
The couple sold the property in 1999 for $2.69 million.
Midnight Star Casino, South Dakota
Though not a home, Costner once owned the Midnight Star Casino and Restaurant in Deadwood, South Dakota—a place he fell in love with while filming Dances with Wolves. He opened the venue in 1991 in a restored historic building, adding restaurants and a grand casino staircase. The casino closed in 2017 and was sold in 2020.
Spanish-Style Los Angeles Home
After his 1994 divorce from Silva, Costner purchased a Spanish-style mansion on L.A.’s Westside in 1995 for around $3 million. Built in 1974 and formerly owned by Richard Dreyfuss, the 9,000-square-foot home featured five bedrooms, staff quarters, a library, gym, wine cellar, screening room, tennis court, and pool.
Costner sold the property in 2006 to Ryan Seacrest for $11.5 million. Seacrest later gave Architectural Digest a tour of the home, describing it as his dream villa.
Aspen Ranch (Dunbar Ranch)
Costner’s real-life ranch is as cinematic as his Yellowstone role. In 2000, he bought 160 acres in Aspen—now known as Dunbar Ranch, named after his Dances with Wolves character. The retreat includes three residences, with the main home offering 12 bedrooms and eight bathrooms across nearly 6,000 square feet.
With its log beams, antler chandeliers, vaulted ceilings, and mountain views, the ranch is rustic luxury at its finest. It also features a private lake, baseball field, sledding hill, and three hot tubs. A full-time staff maintains the grounds.
Costner often rents the ranch out during winter for as much as $250,000 per week. In recent years, it’s been listed for as much as $36,000 per night. It also served as the venue for his 2004 wedding to Baumgartner.
Despite the cowboy persona, Costner has a humble take: “I may look like I know how to do it well, but I would never pretend that’s who I am,” he said in 2024 about his riding skills.
Second Santa Barbara Property
While jogging in 2006, Costner noticed a For Sale sign on a bluff in Santa Barbara and purchased the 17.25-acre property for $28.5 million. A year later, he sold seven acres to a neighbor but kept the rest, which offers both mountain and ocean views along with private beach access and horseback riding trails.
The main house is a modest two-bedroom, two-bathroom 1942 home—about 1,000 square feet. Though Costner once planned to build a larger estate, those dreams were paused when he used the land as collateral to fund Horizon. He did, however, convert a former polo field into a baseball diamond.
Though he briefly listed the property for $60 million in 2017, it remains in his hands today.
If Kevin Costner’s real estate journey tells us anything, it’s that he’s always followed his gut—whether that means holding onto iconic properties or risking it all for a creative vision. And while he might not be a cowboy in real life, his homes certainly paint the picture of a man living out his own version of the American West.
