Actress Barret Swatek is known for associating with well-heeled characters when playing Victoria Jenkins on “Yellowstone.” However, in real life, the actress also associates with some financial power players. In fact, she is one, herself. She and her husband, retired hedge-fund manager Adam Weiss, are putting their plush Maui home up for auction, having initially listed it for $65 million, $20 million more than they paid for it in 2021, according to The Wall Street Journal.
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A Daughter And A Departure
The reason for the speedy departure from their laid-back tropical home was the birth of their daughter, Dixon, last year and Swatek’s desire to raise her in Swatek’s home state of Alabama, closer to Swatek’s parents and Weiss’s two daughters from a previous marriage.
“We just feel like we’re too far from them and from Barret’s family, and I think the baby kind of changed the equation on that,” Weiss, a co-founder of Scout Capital Management, told the Journal.
Auctioning For a Speedy Sale
Maui’s real estate market has traditionally attracted plenty of high-net-worth buyers able to afford the eight-bedroom, 21,700-square-foot beachfront property located on Keawakapu Beach on the island’s west coast. However, after whisper-listing the home for $65 million late last year, they have decided to forgo the traditional listing process and put the home up for auction, commencing April 10 and ending April 22. Though Weiss declined to disclose a target price, Chad Roffers, CEO of Concierge Auctions, the company handling the auction, said he expected bids to start between $17.5 million and $35 million.
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After buying the home, the couple began an extensive renovation, adding a bar off the kitchen and converting a media room into a library. In the primary suite, an office became a dressing room. Most of the furnishings are included in the sale price. Despite living in paradise, the call of sweet home Alabama was too loud for Swatak to ignore.
“I’ve really cherished how I grew up,” Swatek said. “When I came back from school, my brothers and I would hop on a horse bareback and ride for the afternoon.”
A History Of High-Priced Homes
Swatek and Weiss have a history of buying and selling high-priced real estate. In 2022, they sold their Malibu home for $70.4 million, after initially listing it for $99.5 million. Former supermodel Cindy Crawford and husband, Rande Gerber, previously owned that home.
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Weiss co-founded Scout Capital in 1999 with James Crichton and closed its doors in 2014 after both partners decided they wanted to pursue different things. The company had roughly $5 billion under management when it shuttered, and in a letter to investors, the firm said it planned to return 95% of its clients’ money. In 2015 Weiss returned to asset management as the Chief Investment Officer/Limited Partner of Stillwater Investment Management LP, a Palo Alto, California-based hedge fund.
Besides “Yellowstone,” Swatek has starred in “Lethal Weapon 4,” “The 40-Year-Old Virgin,” and “7th Heaven.” Prior to landing her break, she studied with the famed Upright Citizens Brigade, an improv troupe whose alums include Amy Poehler and Will Arnett,
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