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. Our six-week newsletter will help you make the right decision for you and your property. He just settled this one. There's an underground tunnel that leads to a circular grassy knoll with a spa that overlooks the ocean. Yes! That led her to New York City, where she landed a job at. Laurene's 74 million shares generate around $120 million PER YEAR in dividends. 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. And as we always like to discuss when we explore insane real estate, let's compute some property taxes. 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. 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. Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. 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. That's the same as earning around $400 million in today's dollars. But what we see above does not fit the description of a $200+ million property. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. when George Lucas sold Star Wars to Disney. It was built in 2002 and is comprised of 9 structures. This 5-acre estate on Malibu's Encinal Bluffs is situated above a largely private beach. The New York native also owns a compound in Bel-Air. Michael Eisner, if he still owns 14 million shares, would receive around $25 million per year from Disney dividends. 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 property is spread over . Steinman House, 1956, Malibu, CA. JUNE 4-8: A California luxury road rally like no other. 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. If the deal closes for that amount, the home will be the. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. 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 . Select this result to view Eric Norris Eisner's phone number, address, and more. 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. 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 concept is reinforced by the use of contrasting materials that highlight the cubic village idea.. Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. 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. 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! Michael Eisner has listed his Malibu house for sale at $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. . 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. Thanks for contacting us. Peter Aaron/OTTO, There are many spaces to enjoy the outdoors. The Round Housedesigned by Sarasota School of Architecture partners Jack West and Elizabeth Boylston Waters. 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. It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. That Was A Smart Choice. By subscribing, I agree to the Terms of Use and Privacy Policy. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. We dunno! Unfortunately, Ms. Rabe and her now-deceased ex got a divorce shortly after the lavish structure was completed. 3 min read. 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 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. 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. 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. 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. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. A first look at Gachot Studios interiors at Madison House. Designed by Robert AM Stern, the Tuscan compound is comprised of nine structures totaling over 25,000 square feet and features 16 bedrooms, 22 bathrooms, sprawling lawns, and a pool. But if our boy ever homesick, he can simply hop in his automobile and drive two hours up PCH to his parents longtime Malibu residence. ex-Disney CEO Michael Eisner's home in Malibu, California. Send us a tip using our anonymous form. 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. Limestone rubble walls, exposed rough timber framing and antique terracotta roof tiles add to its hill-town character. 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,. You may occasionally receive promotional content from the Los Angeles Times. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. Check into Howard Johnsons classic seven on the Upper East Side. 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. The main house is 25,000 square feet. As you can perhaps comprehend, my brain's first instinct was to view the compound above as four distinct mansions. Yours for $225 Million Sacramento Bee 74K subscribers Subscribe 2.1K views 7 months ago In what could break a California home. 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. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. 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. (Google Earth) By Jack Flemming. He currently owns Tornante Co., a private investment firm. Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president from 1976 to 1984. Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. 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. Heres a Look Inside. 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. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. 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. 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. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. So hes got the cash for fun stuff like that. 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. Get the latest scoop directly in your inbox. Theres no other property like it in terms of size and location, adds Turturici. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. We've received your submission. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. In 2017, he bought the Portsmouth Football Club for about $7.5 million. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. And just outside the main gatehouse is Mastros Ocean Club! Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Kurt sold that one too! 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. 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. YES, what you see in the photo above is Eisner's $225 million mansion. Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! The five-acre spread include nine structures, as well as a cliff-side elevator that descends to the beach. All rights reserved. Hes going for gold in the game of Golden State real estate. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. For non-personal use or to order multiple copies, please contact https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. By Alexandra Del Rosario Staff Writer. Shop . But we digress take a look at Mr. Eisners lavish new Newport digs. An underground tunnel from the pool area leads to a large movie theater. 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. 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. The Big Easy is readying for its tallest condo tower with the opening of the Four Seasons New Orleans Private Residences on Canal Street. 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. - 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. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. He also says that Eisner loves the creative process and is selling to start another project elsewhere. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. 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. Other amenities include a separate office, gym, pool and a movie theater, which is connected to the pool area via an underground tunnel. Right now there are 268 active homes for sale in Malibu, with a median list price of $3,462,500. 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. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. We want to hear from you! 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. As for the compound, it was designed by New York Citybased architect Robert A.M. Stern, former Yale School of Architecture dean. 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. Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. 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. Eisner and his wife, Jane, first purchased land on the bluffs in the 1990s and tacked on adjacent parcels in the years since. The home also has a pathway from the bluff to the beach.. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. Mushka Jacobson with Douglas Elliman is managing sales and marketing. Distribution and use of this material are governed by If the deal closes for that amount, the home will be the. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). Malibu is the preferred enclave for billionaires. And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. Four Seasons New Orleans Private Residences. 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. 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. Her work has appeared on Yahoo, New York Post, and SFGATE. A swimming pool overlooks the Pacific Ocean. An unusual, time capsulelike home designed by Frank Williams is on the market in Sarasota, Florida.