Peter Aaron/OTTO, There are many spaces to enjoy the outdoors. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. Those numbers don't include the 2-bedroom caretaker's cottage. Dirt is a part of Penske Media Corporation. 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. 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. Her work has appeared on Yahoo, New York Post, and SFGATE. Eisner and his wife spent 25 years scooping up land and building on the properties. He also says that Eisner loves the creative process and is selling to start another project elsewhere. That's the same as earning around $400 million in today's dollars. 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. Natural light floods the home. https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. A deal has to make sense for both parties, says Ameer. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. Malibu is the preferred enclave for billionaires. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. 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. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. 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. Expect a record-breaking price.. 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. Born in Greybull, Wyo., Eisner credits the over-the-top glamour of her home state's rodeo queens for her early fascination with fashion. The hotel, which operates on the lower floors, opened last fall. A swimming pool overlooks the Pacific Ocean. I quickly found the property, but I was confused. Spanning nearly 5 acres, the estate sits on a bluff above Watkins Cove a small, secluded beach thats difficult for the public to access because of the tide. Carolyn Bryant is dead at 88. Kurt Rappaport of Westside Estate Agency holds the listing. 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. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. When Steve Jobs sold Pixar to Disney, he received 138 million shares of Disney which made him the company's largest individual shareholder BY FAR. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. He bought up those properties over many, many years and assembled all this land. It's even got a cabana on a bluff. Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. An underground tunnel from the pool area leads to a large movie theater. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000. Its such a 1960s building. Theres no other property like it in terms of size and location, adds Turturici. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Eric is related to John K Eisner and Wardell Eisner as well as 2 additional people. Send us a tip using our anonymous form. By subscribing, I agree to the Privacy Policy and Terms of Use, 2023 EHM PRODUCTIONS,INC. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! As we've stated already, this is located on an oceanfront bluff in Malibu. Former Disney CEO Michael Eisner's $225 Million Malibu Estate Has a Cliffside Elevator to the Beach Poised to break sales records, the Robert A.M. Stern-designed estate also has an underground. Or so Yolanda believes. 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. 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. Thanks for contacting us. 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. To revisit this article, visit My Profile, thenView saved stories. May 11, 2022 - Explore Christophe Choo - Coldwell Ban's board "Malibu Homes For Sale & Real Estate - 90265", followed by 4,382 people on Pinterest. But outside is really the place to be there are covered and al fresco patios, a huge backyard fireplace and saltwater swimming pool. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. 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. There are 16 bedrooms, 28 bathrooms across the main house and the guest houses, and a two-bedroom caretaker's house is also on the grounds. Lot Size 5 acres. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. 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. When it comes to design, our most crucial consideration is how the space will make someone feel at ease., 2023 Cond Nast. Peter Aaron/OTTO, The oceanfront cabana is accessed via a cliffside elevator. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. Other Malibu homes have sold for soaring sums in recent years. But wait, that's just one structure. Across the property, there are 16 bedrooms and 28 bathrooms, not including the two-bedroom caretakers cottage. 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. Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. Besides. Experience extraordinary with us this June. 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. 25,000 square feet, 16 bedrooms, 28 bathrooms, Comedy Icon Carol Burnett Laughs All the Way to the Real Estate Bank, Luxury Auto Mogul Sets New Record for Coffee Tycoons Palm Beach Mansion, Laurel Canyon Contemporary With Rock Roots Seeks $3.5 Million, Rapper The Kid Laroi Spends Millions on Rockstar-Worthy LA Home, Charm Meets Elegance at 1930s Traditional Home in Westwood, Gloria Vanderbilts Former Townhouse Gets $11 Million Price Tag, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. This incredible 4+ acre beachfront compound is located at 33550 Pacific Coast Highway in Malibu, California. Michael Eisner lists Malibu compound for record $225 million. Lists Massive Malibu Estate for Record-Breaking $225 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. https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. 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. 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. So hes got the cash for fun stuff like that. We dunno! He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. If the deal closes for that amount, the home will be the. This Former N.Y.C. When George Lucas Sold Star Wars To Disney, He Took Half Of The $4 Billion Buyout In Stock. We asked luxury experts to weigh in. But what we see above does not fit the description of a $200+ million property. There's an oceanfront cabana structure that is reached via elevator. Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. And as we always like to discuss when we explore insane real estate, let's compute some property taxes. Yes, kids down behind the feared Orange Curtain. April 24, 2023 12:43 PM PT. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? In order order to have $2.25 million after taxes, one would need to earn around $4.5 million in pre-tax income. 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. If met, the compound's . Get TMZ breaking news sent right to your browser! Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. This big ol Tuscan thing was spec-built in 2006. The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. Portuguese products available Online we mail to all lower 48 states. See more ideas about malibu homes, malibu, real estate. It was designed by Robert A. M. Stern and was inspired by old estates in Provence . Four Seasons New Orleans Private Residences. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 3. An unusual, time capsulelike home designed by Frank Williams is on the market in Sarasota, Florida. 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. Somewhere in the house is a mirror-walled gym and an office. If he gets his price, it'll be the most expensive home sale in California. 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. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. That Was A Smart Choice. It was built in 2002 and is comprised of 9 structures. The property that Eisner just bought has a three-bedroom main house plus two guest houses and oceanfront decks, all built in 1972. There's an underground tunnel that leads to a circular grassy knoll with a spa that overlooks the ocean. 25,000 square feet, 16 bedrooms, 28 bathrooms. Specs (approx.) This 5-acre estate on Malibu's Encinal Bluffs is situated above a largely private beach. So if Mr. Eisner is craving steak, its just a quick jog from home. Unfortunately, Ms. Rabe and her now-deceased ex got a divorce shortly after the lavish structure was completed. JUNE 4-8: A California luxury road rally like no other. Ex-Disney CEO, Michael Eisner, is a very, very rich man -- his estimated net worth is $1 BILLION -- well guess what he could increase his wealth by 25% just by selling his home!!! All Rights Reserved. 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. With chalky white waxed plaster walls and muscular wood-beamed ceilings, interior spaces are furnished in a manner both comfortable and sophisticated. Distribution and use of this material are governed by Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. You could call it the "house that Mouse built," since Michael Eisner spent twenty one years as the CEO of Disney, but to describe this property as a mere "house" would be like calling the Titanic a boat. Last year, Tinseltown scion Anders Eisner he's the youngest son of former Disney CEO Michael Eisner and his longtime wife Terena Thyne Eisner sold their family home for $12.8 million, a new record for the so-called "Little Holmby" neighborhood.. 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 . He currently owns Tornante Co., a private investment firm. Check into Howard Johnsons classic seven on the Upper East Side. Styles Featured: Airdale. Former Disney CEO and chairman Michael Eisner, 80, has put his Malibu estate on the market and is looking to pull California's largest-ever price tag for a home sale. Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. Her menagerie of vintage furnishings was a perfect match for the house, including the boomerang coffee table she picked up at a yard sale. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. Its stone structures are clad in antique terra-cotta roof tiles and linked by manicured gardens and courtyards. Youll never paint yourself into a corner in this unusual two-bedroom home in Sarasota, Florida: A 1,268-square-foot curved house on Peachtree Street is a step back in time to midcentury America, with tangerine doors, turquoise appliances, and meticulously curated period furnishings that can be separately negotiated for purchase. A first look at Gachot Studios interiors at Madison House. Michael Eisner doesnt think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. Records show Eisner, and his wife, Jane Eisner, acquired the first of the five parcels that comprise their super-deluxe compound in 1995, and added the adjoining lots over the next handful of years. our Subscriber Agreement and by copyright law. 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. He also says that Eisner loves the creative process and is selling to start another project elsewhere. Price $225 million Architect Robert A.M. Stern Specs (approx.) Get the Robb Report newsletter for similar stories delivered straight to your inbox. 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. He now heads the investment firm the Tornante Company, through which he owns Britains Portsmouth Football Club. If he gets close to that price, the homedesigned by AD 100 Hall of. Venture capitalist Marc Andreessen and his wife, Laura Arrillaga-Andreessen, set the current California record in late 2021 with the $177 million purchase of fashion tycoon Serge Azrias Malibu compound. Anthony Barcelo. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Deal anywhere close to $225M ask on five-acre compound on beach would surpass Marc Andreesens record, Michael Eisner, former CEO, Disney, in front of his cliffside Malibu estate (Ramsa Houses, Ed Schipul, CC BY-SA 2.0 - via Wikimedia Commons, iStock). Airdale. Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. Billionaire Marc Andreessen buys Malibu mansion for $177 million, a California record The estate sits on seven acres between Paradise Cove and Escondido Beach. 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. The compound evokes classic European elegance. The property is one of the more remarkable in the Malibu area. In a statement Arquitectonicas Bernardo Fort-Brescia said, 42 Pine represents an important urban design step for the area, adding that his team drew inspiration for their design from the idea of a hill town. Fort-Brescia continued, The expression is one of individual villa clusters to create a vertical neighborhood. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. And then, of course, theres that view with the sunsets gently caressing Catalina. Eisner, at the time, was CEO of The Walt Disney Company and the face of the company until 2005. Laurene's 74 million shares generate around $120 million PER YEAR in dividends. The Eisners commissioned Stern, an architect known for designing New York City buildings such as 15 Central Park West, to design the property. Why would Mr. Eisner move way down south? Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. He just settled this one. Listing agent Kurt Rappaport calls it "one of the world's great . ), Listing agent: Mickey Hartling, Seven Gables, Get our latest stories in the feed of your favorite networks. Malibu, CA Instilled values in campers based on Jewish morals . (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) 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. Malibu Mansion With a Star Pedigree Pops on the Market for $99.5M, Rare Malibu Midcentury: A Beachfront Buff and Hensman Sells for $17.5M, Brand-New $40M Malibu Home Sets the Bar for Beautyand Views, For more photos and details, check out the. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. Eisner first floated the property in the spring of last year at $225 million. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. 2023 Dirt.com, LLC. Michael Eisner, if he still owns 14 million shares, would receive around $25 million per year from Disney dividends.
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