After Gambling Away $100M, ‘Deadwood’ Creator David Milch Tries to Offload Martha’s Vineyard Estate

Published: March 26, 2016 | By: American Luxury Staff

Amid ongoing financial troubles, David Milch, creator of popular television shows “Deadwood” and “NYPD Blue,” has cut the asking price of his Martha’s Vineyard, Massachusetts, home by almost $2 million.

Milch is now asking a hair under $7 million for the 22-acre oceanfront estate in hopes of getting the IRS off his back for a little bit. The writer and producer would net a profit from the sale since he purchased the property for $4 million in 1996.

The compound has a total of 11 bedrooms and 8 bathrooms split up between three different residences, with the 1880s-built main house making up the lion’s share with 5 bedrooms and 7 bathrooms. The other two buildings are a pool house converted into a four-bedroom spread and a 600-square-foot pond-side cottage. The estate also sports a pool, tennis court, and a 300-foot stretch of private beach.

Milch also recently sold his Brentwood home in Los Angeles, California, for $4 million in 2014.

Milch’s previous fortune was estimated at $100 million. According to a lawsuit filed by his wife Rita, he is currently living on a $40-per-week allowance to make sure he doesn’t gamble. He owes $17 million to the IRS, which he is on a payment plan for.

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