Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. Yes! Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. But we digress take a look at Mr. Eisners lavish new Newport digs. Nine stone structures are spread across the grounds including a main house, multiple guesthouses, an office and gym. 25,000 square feet, 16 bedrooms, 28 bathrooms Lot Size 5 acres There were rumblings across the Platinum Triangle back in 2007 that former Disney chairman and CEO Michael Eisner was looking to unload his family compound in Malibu. Michael Eisner's net worth explored - Sportskeeda Can Michael Eisner Get $225M for His Malibu Compound? - Realtor.com ", And speaking of "otherworldly" things, let's talk about the price tag. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. Someone looking at Eisners home is looking for a truly bespoke, one-of-a-kind residence on the ocean that cant be replicated, saysCara Ameer, an agent with Coldwell Banker whos licensed in California and Florida. Yup, we said it warmer water, too. Former Disney CEO Michael Eisner is selling his sprawling Malibu estate for $225 million, which would set a California record for priciest home sale. By subscribing, I agree to the Terms of Use and Privacy Policy. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M. Its stone structures are clad in antique terra-cotta roof tiles and linked by manicured gardens and courtyards. When I was first tipped off to Eisner's sale, a few hours before I saw confirmation in the Wall Street Journal, I dug around the internet to see if I could locate an aerial view. Among the other perks: a gym, a pool that looks out to the Pacific and, from the pool area, a tunnel that leads to a movie theater with a large screen and several rows of plush seating. The home also has a pathway from the bluff to the beach.. And now, Eisner is looking to sell his Malibu seaside compound for $225 million. There are NINE structures spanning 25,000 square feet of living space. If he still owns all 14 million that stake is worth $1.6 billion. our Subscriber Agreement and by copyright law. Besides. In this roundup, AD PRO has everything you need to know. It has a beachfront cabana reached by a cliff-side elevator. He bought up those properties over many, many years and assembled all this land. 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. But wait, that's just one structure. Michael Eisner Lists His Malibu Estate With Record-Setting Price Tag 5 Celebrity Malibu Homes Listed for Sale No joke. Experience extraordinary with us this June. A deal anywhere near his asking price would set a sales record in California, set less than six month ago with the $177 million paid for a seven-acre Malibu spread by venture capitalist Marc Andreessen and his wife, Laura Arrillaga-Andreessen, who have since bought two more properties along the beach. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. The five-acre spread include nine structures, as well as a cliff-side elevator that descends to the beach. The kitchen still features an eat-in peninsula and double cast-iron sink, and the curved bathroom that anchors the center of the home sports a circular sunken bathtub, rounded mirror, and rounded countertops and sink. A deal has to make sense for both parties, says Ameer. Homes - Celebrity - Entertainment - Misc Links: realestalker.blogspot.com By: dawurz Advertisement Celebrity Homes Mailing List Policies kjfitz @ 2007-05-25 08:37:32 Welcome to VGT! As noted by the property gossips as theWall Street Journal, the first to report the listing, if the estate sells for anywhere near its asking price, it will blow away the current record for the most expensive house ever sold in California, the $177 million venture capitalist Marc Andresson paid for fashion tycoon Serge Azrias huge spread above Malibus Paradise Cove late last year. But anyway. Theres no other property like it in terms of size and location, adds Turturici. We've received your submission. See Massive Malibu Estate of Former Disney CEO Michael Eisner. While not a celebrity per se, Ms. Rabe and her now-deceased former husband William OConnor achieved a peculiar kind of everlasting fame when they custom-built a monstrous Malibu mansion on a 14+ acre promontory directly above Pacific Coast Highway. Besides the main house, theres a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. 2023 NYP Holdings, Inc. All Rights Reserved, Donald Sutherlands 36-year California home he gave up for Florida lists for rent, Inside Sofia Richie and Elliot Grainges $26.9M newlywed mansion, Tommy Lees hillside Calabasas mansion finally sells at a loss, Ex-NBA star sold Fla. house because state wont accept his transgender child. Anthony Barcelo. So if Mr. Eisner is craving steak, its just a quick jog from home. She is only accepting cash offers. Exec Adds to His Malibu Kingdom - Los Angeles Times Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. The property has panoramic, unrivaled views of the Pacific Ocean, and it sits on a bluff above Watkins Cove beach, which is rather small, secluded and difficult for the public to accessmeaning that youre likely to have it all to yourself. https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. Even words like "compound," "estate," and "mansion" don't really do this property justice without being accompanied by additional words like "sprawling," "palatial" or "otherworldly. The main house is 25,000 square feet. Now in his 40s, Mr. Eisner is a born-and-bred LA guy his parents have long owned compounds in Bel Air and Malibu but his latest real estate venture sees him eschewing traditional Platinum Triangle haunts. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. To revisit this article, visit My Profile, thenView saved stories. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? 7681 April 27, 2023 Real Estate. But what we see above does not fit the description of a $200+ million property. In 2018, a Richard Meier-designed estate owned by Hard Rock Cafe founder Peter Morton sold for $110 million. See more ideas about malibu homes, malibu, real estate. The Southern California waterfront estate of exec and erstwhile Disney CEO and Chairman Michael Eisner is on the market this spring with a reduced asking price of $195 million. Peter Aaron/OTTO, There are many spaces to enjoy the outdoors. The US government eventually seized the Malibu mega-manse from Mr. Obiang money laundering is a big no-no here in the States and resold it for $33.5 million to Mexican investor Mauricio Oberfeld and powerhouse realtor Mauricio Umansky. That's the same as earning around $400 million in today's dollars. 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. when George Lucas sold Star Wars to Disney. View Eric Eisner's profile on LinkedIn, the world's largest professional community. Kurt sold that one too! Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. P.S. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Billionaire Marc Andreessen buys Malibu mansion for $177 million, a California record The estate sits on seven acres between Paradise Cove and Escondido Beach. And then, of course, theres that view with the sunsets gently caressing Catalina. Malibu is the preferred enclave for billionaires. Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. You may occasionally receive promotional content from the Los Angeles Times. Townhouse Comes With a Backyard That Would Make the Berkshires Jealous, A Student Ate Maurizio Cattelans Infamous Banana Artwork Off a Museum Wall, Because He Was Hungry, This $11.8 Million Scottish Estate Will Instantly Turn You Into a Baron or Baroness, Singapores 60% Property Tax for Non-Citizens Is Now the Highest in the World. You Do ADU, Part 1: Thousands of Californians are building ADUs. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. 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. When George Lucas Sold Star Wars To Disney, He Took Half Of The $4 Billion Buyout In Stock. 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. Heres a Look Inside. The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. The main residence spans 25,000 square feet, and the interiors throughout the entire estate are a rustic-beachy style, dominated by vaulted ceilings with exposed beams, large arched windows that capture ocean views, natural wood features and a neutral color palette. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. Carolyn Bryant is dead at 88. | Malibu, CA Patch 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. Alternatively, a cliffside elevator whisks beachgoers down the bluff. By subscribing, I agree to the Privacy Policy and Terms of Use, 2023 EHM PRODUCTIONS,INC. Its such a 1960s building. Former Disney CEO Michael Eisner set to sell his Malibu - DisneyDining The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. We want to hear from you! Michael Eisner's Malibu, CA, compound (Realtor.com) With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. I quickly found the property, but I was confused. Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. Michael Eisner's House in Malibu, CA (Google Maps) (#3) Construction is complete at Madison House, the tallest residential project in NoMad, and immediate occupancy is available. If someone wants a trophy property, there are only so many that fit the bill, and this one is at the top of the list.. Send us a tip using our anonymous form. . The eight-story building houses 50 turn-key homes with French white oak flooring and Wolf and Sub-Zero appliances. He (and his young family) have quietly plunked down $11,500,000 for a large home in the Crystal Cove guard-gated community within Newport Coast. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among. He currently owns Tornante Co., a private investment firm. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. Eisner, a media mogul who served as chief executive of Walt Disney Co. from 1984 to 2005, has been assembling the compound for more than two decades. Get the latest scoop directly in your inbox. Former Disney executive's $225M estate may break CA record | The Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. Eisners place is the most expensive listing in Malibu and in the entire country. A first look at Gachot Studios interiors at Madison House. If he gets close to that price, the homedesigned by AD 100 Hall of Fame architect Robert A.M. Sternwill be the most expensive ever sold in California. April 24, 2023 12:43 PM PT. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. There's an oceanfront cabana structure that is reached via elevator. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M The project represents the ultimate evolution of the historic World Trade Center New Orleans, a city landmark designed by Radio City Music Hall architect Edward Durell Stone and completed in 1968. But hey. The 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. Anywho, Crystal Cove is but a short drive up the highway from a variety of shopping and dining destinations in Laguna Beach and Dana Point. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. Eisner Eyes California Record With $225M Price On Malibu Estate Price $225 million Architect Robert A.M. Stern Specs (approx.) ex-Disney CEO Michael Eisner's home in Malibu, California. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. Mushka Jacobson with Douglas Elliman is managing sales and marketing. Ms. Rabe continued living in the massive home for some years but eventually sold it for $30 million to Teodorin Obiang, the son of African dictator Teodoro Obiang. He hasnt yet returned any of Yolandas 14,823 phone calls. Distribution and use of this material are governed by . Why would Mr. Eisner move way down south? "The Young and The Restless" actor best known for . Should you? (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. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M This 5-acre estate on Malibu's Encinal Bluffs is situated above a largely private beach. In 2002, a securities report showed that Michael owned 14 million shares of Disney. Situated on a bluff overlooking a small cover, the property comes with an oceanfront pool thats accessible via cliffside elevator and connects to a large movie theater via underground tunnel. If the deal closes for that amount, the home will be the. Former Disney CEO Michael Eisner lists Malibu compound with 16 bedrooms and nine guest houses for $225m, meaning it could be most expensive home ever sold in California The Malibu compound,. This incredible 4+ acre beachfront compound is located at 33550 Pacific Coast Highway in Malibu, California. If the coastal retreat gets anything close to its asking price, itll go down as the highest-priced sale in California. That record currently stands at $177 million and was set by Netscape creator/Venture Capitalist Marc Andreessen in October 2021 when he purchased a similarly amazing bluff-top Malibu property located just down the road from the Eisner compound/estate/mansion. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). Some of the more expected amenities include an office, gym and boutique hotel-like swimming pool that overlooks the ocean, while one of the more unusual highlights includes a tunnel that links the pool area to a plush movie theater, with seating for at least two dozen in crimson velvet sofas. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Malibu real estate prices have been booming in recent years, but this hilltop home is sure to break sale records for both Malibu and the state of California. As a result, Eisner was at times the highest-paid corporate executive in the world. (Google Earth) By Jack Flemming. I was left even more dumbfounded when I discovered that property records indeed matched Michael Eisner's family trust as owning the property located at the address corresponding with the above photo. Here's an angle from the ocean side: And here is a video tour that was uploaded just this morning to YouTube: During Michael's multi-decade career overseeing Disney, the company's stock price rose 2,000%. Ex-Disney CEO Michael Eisner Lists Malibu Estate for $225M - Robb Report A village-like assemblage of structures linked by a series of garden courtyards and meandering stone paths, the buildings are faced in hand-set limestone rubble and capped with antique terra-cotta roofs tiles. Carolyn Bryant is dead at 88. Get the Robb Report newsletter for similar stories delivered straight to your inbox. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. 25,000 square feet, 16 bedrooms, 28 bathrooms. They picked up a neighboring home in 2012 for $8.2 million, though tax records suggest they sold it to their son Breck and his wife Georgia in early 2021 for $8.3 million, and they also maintain a ranch in Snowmass, Colo., and an apartment on New Yorks Upper East Side. Although California beaches are public, the beach below this property is harder to access, according to the Times, making it even more valuable to a buyer who wants privacy. Check into Howard Johnsons classic seven on the Upper East Side. Malibu real estate prices have been booming in recent years, but this hilltop home is sure to break sale records for both Malibu and the state of California . Michael Eisner, if he still owns 14 million shares, would receive around $25 million per year from Disney dividends. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. For non-personal use or to order multiple copies, please contact ex-Disney CEO Michael Eisner's home in Malibu, California. Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. They then hired renowned architect Robert A.M. Stern to design what you now see. This big ol Tuscan thing was spec-built in 2006. The hotel, which operates on the lower floors, opened last fall. It's even got a cabana on a bluff. Michael Eisner's House in Malibu, CA (#3) - Virtual Globetrotting As you can perhaps comprehend, my brain's first instinct was to view the compound above as four distinct mansions. 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. We want to hear from you! Those numbers don't include the 2-bedroom caretaker's cottage. The property is one of the more remarkable in the Malibu area. Get TMZ breaking news sent right to your browser! The property is spread over . - 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. By Alexandra Del Rosario Staff Writer. The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. All Rights Reserved. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. Michael Eisner Lists Malibu Compound for $225 Million, a Zillow Gone 2636 April 27, . 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. 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. So hes got the cash for fun stuff like that. Spanning about 25,000 square feet all together, there are a total of 16 bedrooms and 28 bathrooms between the main house, several guesthouses, and two-bedroom caretakers cottage. 2023 Dirt.com, LLC. When it comes to design, our most crucial consideration is how the space will make someone feel at ease., 2023 Cond Nast. In the past two years, the tony Southern California town saw massive record-breaking listings and sales, from former Disney CEO Michael Eisner's . After a few minutes of serious head scratching, I had a revelation. In 2017, after a remodel, the estate was flipped for a berserk $70 million to Hong Kong heiress Karen Lo. 2023 Celebrity Net Worth / All Rights Reserved. Completion of 42 Pine is expected by the fourth quarter of 2023, with pricing ranges starting at $700,000 for one-bedroom units. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. Inside Sofia Richie and Elliot Grainge's $26.9M newlywed mansion, Inside NYC's charming Villa Charlotte Bront, where units rarely list, Donald Sutherland's 36-year California home he gave up for Florida lists for rent, Dua Lipa exudes royalty in vintage Chanel, massive diamond necklace at Met Gala 2023, Selena Gomezs kidney donor, Francia Rasa, dodges questions about feud speculation, Meghan Markle wants to be Queen of Hollywood after signing multi-million deal, Khristina Williams previews the New York Liberty's 2023 WNBA season, Perez Hilton: 'Boring' Meghan and Harry need to 'give up and move' back to UK, Woman has 'loud, full body orgasm' in the middle of LA concert. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. Eisner and his wife, Jane Eisner, bought a piece of land on the bluffs in the mid-1990s and have been adding adjacent parcels since then, Rappaport told the newspaper. If the deal closes for that amount, the home will be the most expensive ever sold in California and one of the priciest in the world. To bring the 33-story building fully up to date, Bill Rooney Studio has reimagined the interiors with CambridgeSeven leading the transformation of the iconic exterior. Marc Andreessen pays record $177 million for Malibu mansion - Los If met, the compound's . Peter Aaron/OTTO, The oceanfront cabana is accessed via a cliffside elevator. Past wrought iron gates lies the 7,837-square-foot mansion, which is done up in neutral tones and features wide-plank hardwood floors and a host of custom moldings. First picture is from our 2016 campaign photographed by Lisa Eisner. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. The Eisner compound designed by Robert A.M. Stern is on the Encinal bluff above a tiny beach known as Watkins Cove, according to listing agent Kurt Rappaport of Westside Estate Agency.