The estate includes two cottages, five apartments, a home theatre and library, outdoor heated pool, games room, wine cellar, and your very own vineyard.

Oscar-winning Hollywood actor and film-maker Michael Douglas has returned to film at the age of 74 to try and offload his luxurious mansion on the island of Mallorca, Spain.

Douglas narrates the video to sell the virtues of buying his US$32.4 million home S’Estaca, which has been on the market for five years.

Perched on Mallorca’s spectacular northern coast, the estate was originally listed at US$62 million – almost double what it’s going for today.

Michael Douglas, who has been married to Welsh actress Catherine Zeta-Jones since November 2000, lends his iconic Hollywood voice to the property video showing off the lavish estate.

“In the mid-19th century, Archduke Ludwig Salvator of Habsburg bought a large piece of land on the northwest coast of the island of Mallorca, and began to create a magical retreat,” begins Douglas’s voiceover, as viewers are treated to footage filmed from a helicopter.

“He had fallen in love with Mallorca, so different in every way to the formality of the royal court Vienna,” Douglas says of the Austrian aristocrat, who created the 81-hectare property. According to Douglas, Salvator used to invite Empress Cici of Austria to stay at the grounds on his private yacht, and even built a baiting house for her, carving steps into the rocks.

“When I first saw S’Estaca in 1990, I also fell under its spell and bought the property,” Douglas says. “Many of my friends have stayed at S’Estaca and we have enjoyed wonderful times here together.” Architectural Digest reported some of those famous guests include actors Tom Cruise, Nicole Kidman, Michelle Pfeiffer and Jack Nicholson.

S'Estaca property

Douglas bought the isolated paradise, with its own vineyard and olive grove, with his now ex-wife Diandra Luker in 1990 for a reported US$3.5 million. The couple agreed to split the estate as a timeshare – six months each – when they divorced in 2000.

Douglas said that he has spent 30 years “completely modernising and redecorating” the estate. It now includes two cottages and five apartments with a total of 10 bedrooms and 11 bathrooms, a home theatre and library, outdoor heated pool, games room and outdoor kitchen, wine cellar, and your very own vineyard.

“My life has taken a new course, and now it’s time for me to let someone else enjoy the privilege and adventure of S’Estaca,” Douglas says in the video.

“Someone who will appreciate the beauty, the privacy and the uninterrupted views. Someone with the vision and the spirit of the creator of S’Estaca, Archduke Ludvig Salvator.”