Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. The estate now comprises at least five separate parcels, records show. when George Lucas sold Star Wars to Disney. April 24, 2023 12:43 PM PT. If he still owns all 14 million that stake is worth $1.6 billion. 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. Former Disney CEO Michael Eisner is selling his sprawling Malibu estate for $225 million, which would set a California record for priciest home sale. JUNE 4-8: A California luxury road rally like no other. 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 . 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,. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. Getting the full asking price might be difficult, says Myra Nourmand with Nourmand & Associates. 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.. Nine stone structures are spread across the grounds including a main house, multiple guesthouses, an office and gym. Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. In order order to have $2.25 million after taxes, one would need to earn around $4.5 million in pre-tax income. View Eric Eisner's profile on LinkedIn, the world's largest professional community. Heres a Look Inside. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. Four Seasons New Orleans Private Residences. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. 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. The deal might set a record for the costliest home ever sold in California if it finds a buyer. She is only accepting cash offers. The meandering Malibu compound includes a gym, several guesthouses, an office, and a two-bedroom caretakers cottage. But now model residences are on view as ownersincluding former Saints quarterback Drew Brees and shipyard tycoon Boysie Bollinger, who paid a record $13 million for a 30th-floor penthouseprepare to move in. 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. 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. Eisner and his wife spent 25 years scooping up land and building on the properties. You wouldnt be able to do that today, says Jack Turturici Jr. with Douglas Elliman. Besides. And just outside the main gatehouse is Mastros Ocean Club! 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. Will Eisner get his record-breaking price tag? Lot Size 5 acres. 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. Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. 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. Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. "The Young and The Restless" actor best known for . The compound was created over the decades and completed in 2020. The main house is 25,000 square feet. As we've stated already, this is located on an oceanfront bluff in Malibu. Anthony Barcelo. But hey. 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. Laurene's 74 million shares generate around $120 million PER YEAR in dividends. ex-Disney CEO Michael Eisner's home in Malibu, California. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. As it turned out, I was focusing too narrowly in my aerial gazing. If he gets his price, it'll be the most expensive home sale in California. 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. Its such a 1960s building. But wait, that's just one structure. Distribution and use of this material are governed by 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. 25,000 square feet, 16 bedrooms, 28 bathrooms. Peter Aaron/OTTO, The oceanfront cabana is accessed via a cliffside elevator. Dirt is a part of Penske Media Corporation. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. 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. It's even got a cabana on a bluff. 2023 Celebrity Net Worth / All Rights Reserved. This is an eye-popping, record-breaking listing his massive Malibu estate just went on the market for $225 million. 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. 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. 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. With chalky white waxed plaster walls and muscular wood-beamed ceilings, interior spaces are furnished in a manner both comfortable and sophisticated. He currently owns Tornante Co., a private investment firm. It has a beachfront cabana reached by a cliff-side elevator. First picture is from our 2016 campaign photographed by Lisa Eisner. 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. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. Pricing for units ranges from $2 million to $10 million. 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. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. There's an oceanfront cabana structure that is reached via elevator. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. Mushka Jacobson with Douglas Elliman is managing sales and marketing. Eric is related to John K Eisner and Wardell Eisner as well as 2 additional people. But outside is really the place to be there are covered and al fresco patios, a huge backyard fireplace and saltwater swimming pool. 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. Limestone rubble walls, exposed rough timber framing and antique terracotta roof tiles add to its hill-town character. Hes going for gold in the game of Golden State real estate. Listing agent Kurt Rappaport calls it "one of the world's great . 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). Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! 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%. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. A grassy central courtyard with an arched loggia and edgeless swimming pool serves as the compounds boutique hotel-style town square. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. When George Lucas Sold Star Wars To Disney, He Took Half Of The $4 Billion Buyout In Stock. As a result, Eisner was at times the highest-paid corporate executive in the world. ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. 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. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. 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. 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. Other Malibu homes have sold for soaring sums in recent years. In 2018, a Richard Meier-designed estate owned by Hard Rock Cafe founder Peter Morton sold for $110 million. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. All rights reserved. Theres no other property like it in terms of size and location, adds Turturici. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. (approx.) Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. It's unclear how many of those shares he owns today since he is no longer a company executive and does not own enough shares to require a disclosure. After a few minutes of serious head scratching, I had a revelation. 2636 April 27, . From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. ", And speaking of "otherworldly" things, let's talk about the price tag. Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. Its all quite confusing to us. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. 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. This Former N.Y.C. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Eric Braeden is staying positive amid his battle with prostate cancer. Advertisement Nearby: Gregory J. Bonann's House Encinal Bluffs Family Compound Get TMZ breaking news sent right to your browser! Price $225 million Architect Robert A.M. Stern Specs (approx.) 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 the coastal retreat gets anything close to its asking price, itll go down as the highest-priced sale in California. This big ol Tuscan thing was spec-built in 2006. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. 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. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. The Eisners have three young sons, so we imagine theyll be pretty busy shuttling the kids to/from school and extracurricular activities. 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. Yours for $225 Million Sacramento Bee 74K subscribers Subscribe 2.1K views 7 months ago In what could break a California home. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. micro wedding packages dfw; pygmy goats for sale in central illinois; My Cart Eisner is hoping to sell for a record-setting sum. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. 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. In addition to the Malibu estate, Michael Eisner . 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. . 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. We want to hear from you! 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 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. 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. If he gets his price, itll be the most expensive home sale in California history. Across the property, there are 16 bedrooms and 28 bathrooms, not including the two-bedroom caretakers cottage. But! Experience extraordinary with us this June. Residents can work out in the state of the art gym, work in . But we digress take a look at Mr. Eisners lavish new Newport digs. Why would Mr. Eisner move way down south? 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. Michael Eisner's sprawling/palatial compound/estate/mansion was just listed for. No joke. Bendet, a fashion designer and the founder of the clothing company Alice + Olivia, and her husband, film producer and investor Eric Eisner, along with daughters Eloise Breckenridge, 13, Scarlet . Yup, we said it warmer water, too. Kurt Rappaport of Westside Estate Agency holds the listing. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. Their village-like compound spans several acres and has plenty of space for weekend guests. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. 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. 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. With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. The property is one of the more remarkable in the Malibu area. Submit a correction suggestion and help us fix it! (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) That's the same as earning around $400 million in today's dollars. 3 min read There were rumblings across the Platinum Triangle back in 2007. He also says that Eisner loves the creative process and is selling to start another project elsewhere. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. 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. 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.. shelled out $177 million for a Malibu compound. Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. 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 Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000. 2023 Dirt.com, LLC. May 11, 2022 - Explore Christophe Choo - Coldwell Ban's board "Malibu Homes For Sale & Real Estate - 90265", followed by 4,382 people on Pinterest. A deal has to make sense for both parties, says Ameer. Shop now. Michael Eisner lists Malibu compound for record $225 million. Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. An underground tunnel from the pool area leads to a large movie theater. 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. Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. Other amenities include a separate office, gym, pool and a movie theater, which is connected to the pool area via an underground tunnel. Malibu is the preferred enclave for billionaires. For example, in 1993 he earned $203 million. Like this article? 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. 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, 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. Its stone structures are clad in antique terra-cotta roof tiles and linked by manicured gardens and courtyards. YES, what you see in the photo above is Eisner's $225 million mansion. Over time, they constructed a total of nine buildings. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. . 7681 April 27, 2023 Real Estate. 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. Select this result to view Eric Norris Eisner's phone number, address, and more. Anthony Barcelo, The movie theater connects to the pool area via an underground tunnel. Eisner first floated the property in the spring of last year at $225 million.
What Happens When An Hoa Loses A Lawsuit,
Celebrities With Fear Of Death,
Williams Dingmann Obituaries,
Articles E