Dirt is a part of Penske Media Corporation. Malibu is the preferred enclave for billionaires. The ocean-view $11.5 million property Ms. Rabe just sold to the Eisners is located within the Sea Crest section, which is considered to be one of Crystal Coves two most exclusive (and expensive) neighborhood pockets. He also says that Eisner loves the creative process and is selling to start another project elsewhere. Former Disney CEO Michael Eisner's $225 Million Malibu Estate - Yahoo But wait, that's just one structure. It has all of the exuberance of the decade, CambridgeSeven president Gary Johnson told The Architects Newspaper. Malibu Homes For Sale & Real Estate - 90265 - Pinterest Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . Dirt is a part of Penske Media Corporation. Pricing for units ranges from $2 million to $10 million. As for the compound, it was designed by New York Citybased architect Robert A.M. Stern, former Yale School of Architecture dean. If the deal closes for that amount, the home will be the. Carolyn Bryant is dead at 88. | Malibu, CA Patch 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. View Eric Eisner's profile on LinkedIn, the world's largest professional community. Location Malibu, Calif. Price $225 million. An unusual, time capsulelike home designed by Frank Williams is on the market in Sarasota, Florida. Before you scoff at this, let us tick off the amenities. But wait, that's just one structure. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. The estate sprawls over five acres. Four Seasons New Orleans Private Residences. The meandering Malibu compound includes a gym, several guesthouses, an office, and a two-bedroom caretakers cottage. To revisit this article, visit My Profile, thenView saved stories. Jack Flemming covers luxury real estate for the Los Angeles Times. 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. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. See more ideas about malibu homes, malibu, real estate. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World. Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. Getting the full asking price might be difficult, says Myra Nourmand with Nourmand & Associates. Do Not Sell or Share My Personal Information, A neglected midcentury home is transformed into a Palm Springs showstopper, Top real estate sales of 2016: L.A.’s record year included two $100-million sales. Eisners oceanfront complex houses nine structures in all, with 16 bedrooms and 22 bathrooms spread across a main house, a caretakers cottage, and several guesthouses. 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. No joke. 2023 Dirt.com, LLC. The master bedroom has a vaulted ceiling and separate sitting room, and the master closet is decked out like a Rodeo Drive boutique. Yours for $225 Million Sacramento Bee 74K subscribers Subscribe 2.1K views 7 months ago In what could break a California home. The property is spread over . Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. 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. 3 min read There were rumblings across the Platinum Triangle back in 2007. The 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. Former Disney CEO Michael Eisner Lists Five Acre Malibu Compound For 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. Anthony Barcelo. Former Disney executive's $225M estate may break CA record | The Distribution and use of this material are governed by Why would Mr. Eisner move way down south? Styles Featured: Airdale. If the deal closes for that amount, the home will be the. Malibu, CA Instilled values in campers based on Jewish morals . Robert A.M. Stern designed the Malibu property for former Disney CEO Michael Eisner. ex-Disney CEO Michael Eisner's home in Malibu, California. In order order to have $2.25 million after taxes, one would need to earn around $4.5 million in pre-tax income. Alternatively, a cliffside elevator whisks beachgoers down the bluff. 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. 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. 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. 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. Select this result to view Eric Norris Eisner's phone number, address, and more. Should you? Claudine Zap covers celebrity real estate, housing trends, and unique home stories. 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. Ad Choices, Michael Eisner Lists Malibu Compound for $225 Million, a Zillow Gone Wild Listing Takes Over Twitter, and More Real Estate News, Peter Jenningss Co-Op Lists for $10.45 Million, the Cities With the Highest Property Taxes Revealed, and More Real Estate News, Kenny Rogerss Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News, Jim Carrey Lists His Brentwood Mansion, a Landmark Modernist Home Hits the Market, and More Real Estate News. 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. Submit a correction suggestion and help us fix it! It's even got a cabana on a bluff. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. 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. This incredible 4+ acre beachfront compound is located at 33550 Pacific Coast Highway in Malibu, California. An underground tunnel from the pool area leads to a large movie theater. The main house is 25,000 square feet. 3 min read. 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. 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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. Yes! Anders Eisner lays out $11.5 million for Crystal Cove casa Her work has appeared on Yahoo, New York Post, and SFGATE. Michael Eisner lists Malibu compound for record $225 million. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among the main house, the guesthouses and a two-bedroom caretakers cottage. 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. This Former N.Y.C. Specs (approx.) If he gets his price, it'll be the most expensive home sale in California. Architect Robert A.M. Stern. He now heads the investment firm the Tornante Company, through which he owns Britains Portsmouth Football Club. Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. Rapper The Kid Laroi Spends Millions on Rockstar-Worthy LA Home, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million, Hollywood Heavyweights Barry Jenkins, Lulu Wang Buy Apartment in 1920s NYC Building, https://www.youtube.com/watch?v=O-OCHb49qTc, A Whimsical Sausalito Houseboat Stars on 'The Last Thing He Told Me', Gloria Vanderbilt's Former Townhouse Gets $11 Million Price Tag, Steeped in History, a Silent Film Stars Former Malibu Beach House Asks $25 Million, Charm Meets Elegance at 1930s Traditional Home in Westwood, With Its Modernist Simplicity, a Brand-New Florida Home May Set Town Record. "BlacKkKlansman" producer revealed as buyer of $91M Malibu estate It was built by Robert A.M. Stern, a New York City-based architecture firm with an international portfolio filled with highlights including the Pasadena Police Department building and Philadelphias Comcast Center. Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. . Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. 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. Michael Eisner doesnt think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. If the entertainment industry heavy hitter, now 80, did float the property for sale back then, there were no serious takers because now, fifteen years later, the massive compound on the rugged Encinal Buffs has been officially listed with a gasp-worthy $225 million price tag. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. Mushka Jacobson with Douglas Elliman is managing sales and marketing. 2023 Celebrity Net Worth / All Rights Reserved. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. 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. Kurt Rappaport of Westside Estate Agency holds the listing. The Round Housedesigned by Sarasota School of Architecture partners Jack West and Elizabeth Boylston Waters. Ex-Disney CEO Michael Eisner Lists Malibu Estate for $225M - Robb Report As it turned out, I was focusing too narrowly in my aerial gazing. Michael Eisner's sprawling/palatial compound/estate/mansion was just listed for. Across the property, there are 16 bedrooms and 28 bathrooms, not including the two-bedroom caretakers cottage. He hasnt yet returned any of Yolandas 14,823 phone calls. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. Michael and his wife Jane purchased their first parcel in the above area in the 1990s. when George Lucas sold Star Wars to Disney. 3. "The Young and The Restless" actor best known for . Michael Eisner's House in Malibu, CA (#3) - Virtual Globetrotting Last year, Tinseltown scion Anders Eisner hes 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. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. Get our latest stories in the feed of your favorite networks. 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. ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Michael Eisner Seeks Record Sale with $225M Price on Malibu - Yahoo 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. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. April 24, 2023 12:43 PM PT. Limestone rubble walls, exposed rough timber framing and antique terracotta roof tiles add to its hill-town character. The home has received nearly 123,000 likes on Zillow Gone Wilds Twitter. So hes got the cash for fun stuff like that. Looks like it's gonna pay off, big time. Inside Michael Eisner's Malibu Home - DIRT 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. Or so Yolanda believes. 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. There are NINE structures spanning 25,000 square feet of living space. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. Expect a record-breaking price.. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). If Michael and his wife Jane get anywhere near that amount, it will smash the record for California's most-expensive home sale. It is owned by Michael Eisner, who is the former chairman and CEO of The Walt Disney Company. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. Listing agent Kurt Rappaport calls it "one of the world's great . The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. 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. . Eric Eisner - Team Strategist - Tinuiti | LinkedIn Anthony Barcelo, The home lords over Watkins Cove, a small, secluded beach. 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. History of Malibu | OP Stories USA - Oliver Peoples (approx.) 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. It was designed by prolific architect Robert A.M. Stern, best known for his work in New York on buildings such as 15 Central Park West, 220 Central Park West and 70 Vestry, among others. In 2002, a securities report showed that Michael owned 14 million shares of Disney. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. In 2017, after a remodel, the estate was flipped for a berserk $70 million to Hong Kong heiress Karen Lo. 25,000 square feet, 16 bedrooms, 28 bathrooms. 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. We dunno! And just outside the main gatehouse is Mastros Ocean Club! Eisners place is the most expensive listing in Malibu and in the entire country. 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. He bought up those properties over many, many years and assembled all this land. 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 . And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. The Eisners have three young sons, so we imagine theyll be pretty busy shuttling the kids to/from school and extracurricular activities. We've received your submission. Get the latest scoop directly in your inbox. Like this article? Check into Howard Johnsons classic seven on the Upper East Side. 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.. 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. The hotel, which operates on the lower floors, opened last fall. 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. Completion of 42 Pine is expected by the fourth quarter of 2023, with pricing ranges starting at $700,000 for one-bedroom units. He also says that Eisner loves the creative process and is selling to start another project elsewhere. The co-op is being sold by the estate of the woman who bought it from Johnson. Other amenities include a separate office, gym, pool and a movie theater, which is connected to the pool area via an underground tunnel. The property is one of the more remarkable in the Malibu area. As a result, Eisner was at times the highest-paid corporate executive in the world. In 2017, he bought the Portsmouth Football Club for about $7.5 million. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. - 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. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) That cabana, perched on a bluff over a small beach known as Watkins Cove, can be accessed by a cliff-side elevator. By subscribing, I agree to the Privacy Policy and Terms of Use, 2023 EHM PRODUCTIONS,INC. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. . 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. . Michael Eisner Lists Malibu Compound for $225 Million, a Zillow Gone That Was A Smart Choice. Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. Yup, we said it warmer water, too. The five-acre spread include nine structures, as well as a cliff-side elevator that descends to the beach. Besides. She is only accepting cash offers. But hey. With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. As we've stated already, this is located on an oceanfront bluff in Malibu. 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%. Lists Massive Malibu Estate for Record-Breaking $225 Million!!! By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 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. Advertisement Nearby: Gregory J. Bonann's House Encinal Bluffs Family Compound Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. 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. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000.
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