Michael Eisner asks $225M for Malibu estate
He’s going for gold within the sport of Golden State actual estate.
Michael Eisner, 80, the previous chairman and CEO of Disney, is itemizing a grand compound in Malibu for a cool $225 million. If an ultra-high-net-worth purchaser sweeps up the amenity-loaded cliff-top unfold for that worth, the deal would set a report for the priciest residence ever bought in California, in response to the Wall Street Journal, which first reported news of this itemizing.
What’s extra: a sale at that sky-high sum would additionally mark one of many priciest residential transactions on the planet.
Venture capitalist Marc Andreessen and his spouse, Laura Arrillaga-Andreessen, set the present California report in late 2021 with the $177 million buy of style tycoon Serge Azria’s Malibu compound. The Journal notes that the couple has since purchased a minimum of two extra properties in Malibu since that record-breaking purchase.
The Eisner estate, Mediterranean in type with 9 buildings on roughly 5 acres, packs an actual punch. It spans about 25,000 sq. ft, with a complete of 16 bedrooms and 28 loos among the many most important home, the guesthouses and a two-bedroom caretaker’s cottage. Designed by Robert A.M. Stern — the architect behind tony New York City addresses together with 15 Central Park West and 220 Central Park South — itemizing pictures present ethereal interiors with beamed ceilings, massive home windows that open to the outside and a neutral-tone cabana that sits proper on the seashore. That cabana, perched on a bluff over a small seashore often called Watkins Cove, might be accessed by a cliff-side elevator.
Among the opposite perks: a health club, a pool that appears out to the Pacific and, from the pool space, a tunnel that results in a movie show with a big display screen and a number of other rows of plush seating.
Eisner and his spouse, Jane, first bought land on the bluffs within the Nineteen Nineties and tacked on adjoining parcels within the years since. The Journal notes the present providing spans a minimum of 5 separate parcels — and the compound itself was step by step constructed over the course of a long time, with the work wrapping up in 2020.
Listing agent Kurt Rappaport of Westside Estate Agency advised the Journal the mighty asking worth is warranted; what the Eisners constructed can be tough to copy nowadays in its massive scale, prized location and entry to the seashore. Rappaport added that Michael Eisner desires to promote as a result of he “loves the creative process” and seeks his subsequent project.
Eisner, who was at Disney from 1984 to 2005, now helms the funding agency the Tornante Company – and thru that he owns Britain’s Portsmouth Football Club.