Johnny Depp is relisting his compound in the South of France for €50 million, or about $55.5 million—more than double its previous asking price.

The actor’s estate, a former village with more than a dozen buildings, first went on the market in June of 2015 with Côte d’Azur Sotheby’s International Realty for roughly $26 million. The listing was taken off the market after a few months, and is now being relisted with Rick Hilton of Hilton & Hyland and Michaël Zingraf of France-based Michaël Zingraf Real Estate. Both firms are exclusive affiliates of Christie’s International Real Estate: Mr. Depp sold eight works by artist Jean-Michel Basquiat through Christie’s for a total of $14.6 million in June. The actor is in the midst of a highly publicized divorce from actress Amber Heard.
Mr. Hilton said the “Pirates of the Caribbean” star thinks the property was priced too low. “Mr. Depp feels that €50 million is the appropriate price for this asset,” he said, adding that the property is ideal for a buyer seeking privacy and that several billionaires have expressed interest in the estate.

Alexander Kraft, CEO of Sotheby’s International Realty France, said the original price was already “ambitious” considering the “rustic” nature of the property and its location—roughly 17 miles outside the French Riviera resort town of Saint-Tropez.

In an interview conducted around the time the property was previously listed, Mr. Kraft said Mr. Depp had spent extensive time at the property with his two children and former partner, French singer and actress Vanessa Paradis.

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