The forty seven year old actor apparently fell in love with Venice last year whilst filming The Tourist with co-star Angelina Jolie.
According to local newspaper La Nuova Venezia, the Hollywood star outbid an Arab prince for the empty property.
The seventeenth century Palazzo Donà Sangiantoffetti was one of the only properties for sale overlooking the Grand Canal in the highly sought-after Santa Croce area of Venice, close to the Santa Maria Mater Domini Church.
Depp’s new pad needs extensive renovation but has lots of original features such as high ceilings, ornate columns and a roof platform.
The Palazzo will be a holiday retreat for Johnny Depp and his French girlfriend, singer and actress Vanessa Paradis, and their two children Lily-Rose, eleven and Jack, eight.
During the promotional tour for his recent film, The Tourist, Depp spoke of his love for Venice and admitted to walking through the quiet alleyways late at night when the paparazzi had gone home.
“My experience of Venice really happened between 10pm and 2am when the streets closed and I was able to walk around and experience the poetry of Venice, the ghosts of Venice, all those wonderful dark alleys,” Depp commented.
“For an actor being able to film within the confines of that magical city certainly helps. The city's magic shone through completely,”
The impressive Palazzo Donà Sangiantoffetti is just one more property in Johnny Depp’s growing real estate portfolio; Depp also owns homes in West Hollywood, USA, Oahu, Hawaii, Somerset, England along with a forty-five acre island in the Bahamas.
When taking a break from filming, Depp usually resides at his US$2 million farmhouse in Plan-de-la-Tour, France.
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