The Malibu property has unrivaled views over the Pacific Ocean. Distribution and use of this material are governed by Thanks for contacting us. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. Malibu is the preferred enclave for billionaires. Yup, we said it warmer water, too. The windows and doors allow plenty of natural light to flow through and encourage outdoor living as they open onto the spacious lawns and courtyards. Theres a pool out back, as well as a cliff-side elevator that descends to an oceanfront cabana, according to the Wall Street Journal, which first reported the listing. YES, what you see in the photo above is Eisner's $225 million mansion. The buyer of a $91 million manse in Malibu last month has been hamming it up in Paradise Cove. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M. ), Listing agent: Mickey Hartling, Seven Gables, Get our latest stories in the feed of your favorite networks. They have also lived in West Hollywood, CA and Encino, CA. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. I quickly found the property, but I was confused. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. Malibu, CA Instilled values in campers based on Jewish morals . ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. The listing agent, Kurt Rappaport of Westside Estate Agency, tells WSJ that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. Check into Howard Johnsons classic seven on the Upper East Side. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. To take advantage of Madison Houses extraordinary height and showcase the great views, we employed generous planes of rich, natural materials and hand-applied finishes, cofounder Christine Gachot tells AD PRO. - Malibu, CA - Carolyn is a scarcely known figure but she sparked the emergence of incredible forces and people who live on in the American landscape. Listing agent Kurt Rappaport of Westside Estate Agency told the Journal the mighty asking price is warranted; what the Eisners built would be difficult to replicate these days in its large scale, prized location and access to the beach. The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. Former Disney executive's $225M estate may break CA record | The 25,000 square feet, 16 bedrooms, 28 bathrooms. This incredible 4+ acre beachfront compound is located at 33550 Pacific Coast Highway in Malibu, California. ", And speaking of "otherworldly" things, let's talk about the price tag. 2023 Dirt.com, LLC. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Howard Deering Johnson made his name in hotels and restaurants, but its his two-bedroom co-op on Manhattans Gold Coast thats up for sale for $6.49 million.Apartment 3A at 812 Fifth Avenue is a classic seven, with a marble-floored entrance, Central Park views in the living room, and a library that can easily be converted into a third bedroom. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. Home of the Week: J.P. Morgans Former Family Carriage House in NYC Just Hit the Market for $25 Million, Legendary Music Producer L.A. Reid Just Listed His Artsy Bel-Air Home for $21.5 Million, This $30 Million N.Y.C. Heres a Look Inside. Other Malibu homes have sold for soaring sums in recent years. Michael Eisner Seeks Record Sale with $225M Price on Malibu Compound Claudine Zap covers celebrity real estate, housing trends, and unique home stories. To revisit this article, visit My Profile, thenView saved stories. Former Disney CEO Michael Eisner is listing his cliffside Malibu estate for $225 million - and a price anywhere close would be the most expensive home sold in the history of California. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. By subscribing, I agree to the Terms of Use and Privacy Policy. Former Disney CEO Michael Eisner Asks $225 Million for Massive Malibu Eisner, who was at Disney from 1984 to 2005, now helms the investment firm the Tornante Company and through that he owns Britains Portsmouth Football Club. Sales have launched at 42 Pine, the first luxury boutique building in Miami Beachs 41st Street and Pine Tree Drive neighborhood, with architecture and interiors by renowned local firm Arquitectonica. If Michael and his wife Jane get anywhere near that amount, it will smash the record for California's most-expensive home sale. This lush materiality brings warmth and context to the buildings monumental scale. Gachots team designed the amenities spaces the same way we would design a private members club, she adds. Get the latest scoop directly in your inbox. Her menagerie of vintage furnishings was a perfect match for the house, including the boomerang coffee table she picked up at a yard sale. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Car dealer sets Palm Beach resi record with $170M purchase, Hard Rock founders Malibu mansion nabs title of priciest home sale in LA County, Andreessen plucks third home along Malibu beachfront. Select this result to view Eric Norris Eisner's phone number, address, and more. Its stone structures are clad in antique terra-cotta roof tiles and linked by manicured gardens and courtyards. Listing agent Kurt Rappaport calls it "one of the world's great . The New Taste: Join AD Experts at the Kitchen Workshop, Best known for skyscrapers like the 15 Central Park West, Stern designed for Eisner a 25,000-square-foot Mediterranean-style estate more suggestive of Provence or the French Riviera than SoCal. Carolyn Bryant is dead at 88. | Malibu, CA Patch Designed by Robert A.M. Stern the architect behind tony New York City addresses including 15 Central Park West and 220 Central Park South listing images show airy interiors with beamed ceilings, large windows that open to the outdoors and a neutral-tone cabana that sits right on the beach. The listing agent, Kurt Rappaport of Westside Estate Agency, notes the assemblage represents a once-in-a-lifetime opportunity to acquire one of the worlds great properties.. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. our Subscriber Agreement and by copyright law. Eisner and his wife, Jane, first purchased land on the bluffs in the 1990s and tacked on adjacent parcels in the years since. The $225 million oceanside estate is being sold by former Disney executive Michael Eisner, who served as CEO of Walt Disney Co. from 1984 to 2005. The 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. The home has received nearly 123,000 likes on Zillow Gone Wilds Twitter. Hes going for gold in the game of Golden State real estate. This 5-acre estate on Malibu's Encinal Bluffs is situated above a largely private beach. Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). Anthony Barcelo. micro wedding packages dfw; pygmy goats for sale in central illinois; My Cart 2023 Dirt.com, LLC. The estate now comprises at least five separate parcels, records show. There are 16 bedrooms and 28 bathrooms. In the past two years, the tony Southern California town saw massive record-breaking listings and sales, from former Disney CEO Michael Eisner's . Michael Eisner doesnt think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. It's even got a cabana on a bluff with its own elevator that will take you down to the beach!!! He bought up those properties over many, many years and assembled all this land. The estate sprawls over five acres. Eisner is hoping to sell for a record-setting sum. If sold for $225 million, the home will break sale records in California, which was set last year when billionaire Silicon Valley venture capitalist Marc Andreessen shelled out $177 million for a Malibu compound. And now, Eisner is looking to sell his Malibu seaside compound for $225 million. Eisner first floated the property in the spring of last year at $225 million. https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. If the deal closes for that amount, the home will be the. Send us a tip using our anonymous form. Steve's widow Laurene Powell Jobs has since sold half of that stake but still owns 74 million shares and is the company's largest individual shareholder. The compound was created over the decades and completed in 2020. Shellstone paths wind down the bluff, past a horizon-edge spa, to a spacious two-story cabana nestled the rocks just above tiny and all-but-private Watkins Cove beach. Michael Eisner Lists His Malibu Estate With Record-Setting Price Tag Ex-Disney CEO Michael Eisner Lists Malibu Estate for Record - TMZ Or so Yolanda believes. Own Michael Eisner's Malibu Home for Just $225 Million Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. They then hired renowned architect Robert A.M. Stern to design what you now see. There is a main residence, several guest homes and an oceanfront cabana accessed via a cliffside elevator; the latter is exceedingly rare for California, let alone Malibu. . The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. ex-Disney CEO Michael Eisner's home in Malibu, California. Inside Michael Eisner's Malibu Home - DIRT You Do ADU, Part 1: Thousands of Californians are building ADUs. The estate has 9 separate structures, a smidge over 25,000 square feet, boasting 16 bedrooms and 28 bathrooms in the main house and guesthouses alone. Natural light floods the home. There are NINE structures spanning 25,000 square feet of living space. Eisner, at the time, was CEO of The Walt Disney Company and the face of the company until 2005. History of Malibu | OP Stories USA - Oliver Peoples He currently owns Tornante Co., a private investment firm. The Round Housedesigned by Sarasota School of Architecture partners Jack West and Elizabeth Boylston Waters. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) Kurt sold that one too! If you've got enough money to afford a $225 million mansion, I hope you have about a billion more in cash sitting around the cover pesky little bills like property taxes. It has all of the exuberance of the decade, CambridgeSeven president Gary Johnson told The Architects Newspaper. Michael Eisner, if he still owns 14 million shares, would receive around $25 million per year from Disney dividends. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. But we digress take a look at Mr. Eisners lavish new Newport digs. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . The deal might set a record for the costliest home ever sold in California if it finds a buyer. Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. Eisner and his wife spent 25 years scooping up land and building on the properties. His property portfolio includes a ranch in Snowmass, Colo., a mansion in Bel-Air and an apartment on New Yorks Upper East Side, records show. If an ultra-high-net-worth buyer sweeps up the amenity-loaded cliff-top spread for that price, the deal would set a record for the priciest home ever sold in California, according to the Wall Street Journal, which first reported news of this listing. An unusual, time capsulelike home designed by Frank Williams is on the market in Sarasota, Florida. Architect Robert A.M. Stern. It was built in 2002 and is comprised of 9 structures. Portuguese products available Online we mail to all lower 48 states. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. (Papa Eisner, of course, is a Forbes-listed billionaire who had an epicly long tenure as Disneys CEO he was basically King Disney for decades. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. How could this be a $200+ million property: That's certainly a very nice multi-structure house with a gorgeous pool, seemingly-fantastic ocean views and an impressive circular driveway. The Eisners oceanfront Malibu pad lies in the far northwestern reaches of the city and is certainly extravagant theres supposedly a secret elevator that ferries guests from the blufftop down to the beach. Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. Anthony Barcelo. Just not safe, A proposed 50-story skyscraper in this San Francisco neighborhood would stick out, First Republic: Cheap, interest-only jumbo mortgages to Silicon Valleys elite fueled the banks failure, SpaceX used wildlife preserve as dumping ground for space waste, lawsuit alleges, This Barbie is a Hollywood legend: Mattel debuts elegant Anna May Wong doll, Musk said hed never settle an unjust legal case against him. Our Ms. Rabe paid exactly $9 million for the property in 2008 a couple years after unloading her Malibu monster and lived here for a full decade before getting $11.5 million from the Eisners.
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