", And speaking of "otherworldly" things, let's talk about the price tag. Listing broker Kurt Rappaport of Westside Estate Agency told WSJ Eisner has decided to sell because he loves the creative process, and wants to find a new project. It cant hurt that hes likely to pocket a fortune on the deal, not to mention set a record. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. Designed by esteemed architect Robert A.M. Stern, the Mediterranean compound sprawls over about five extensively landscaped acres. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. P.S. Get the latest scoop directly in your inbox. 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. 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. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. If the coastal retreat gets anything close to its asking price, itll go down as the highest-priced sale in California. Before you scoff at this, let us tick off the amenities. Yup, we said it warmer water, too. The property that Eisner just bought has a three-bedroom main house plus two guest houses and oceanfront decks, all built in 1972. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. 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. See Massive Malibu Estate of Former Disney CEO Michael Eisner. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. Its such a 1960s building. Anthony Barcelo. When George Lucas Sold Star Wars To Disney, He Took Half Of The $4 Billion Buyout In Stock. His property portfolio includes a ranch in Snowmass, Colo., a mansion in Bel-Air and an apartment on New Yorks Upper East Side, records show. Or so Yolanda believes. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. He just settled this one. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Michael and his wife Jane purchased their first parcel in the above area in the 1990s. Looks like it's gonna pay off, big time. A swimming pool overlooks the Pacific Ocean. 2023 Dirt.com, LLC. As we've stated already, this is located on an oceanfront bluff in Malibu. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. Dirt is a part of Penske Media Corporation. The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. 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. We dunno! For non-personal use or to order multiple copies, please contact 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! Eisner first floated the property in the spring of last year at $225 million. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. The deal might set a record for the costliest home ever sold in California if it finds a buyer. Send me email updates and offers from TMZ and its Affiliates. And just outside the main gatehouse is Mastros Ocean Club! Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. 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. 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. This copy is for your personal, non-commercial use only. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000. 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. Eric is related to John K Eisner and Wardell Eisner as well as 2 additional people. Eric Braeden is staying positive amid his battle with prostate cancer. The $225-million price tag is nearly $50 million higher than the current California sale record, which was set last year when billionaire Marc Andreessen dropped $177 million on a compound of his own also in Malibu. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. If met, the compound's . The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. If he still owns all 14 million that stake is worth $1.6 billion. Anywho, Crystal Cove is but a short drive up the highway from a variety of shopping and dining destinations in Laguna Beach and Dana Point. If the deal closes for that amount, the home will be the. Submit a correction suggestion and help us fix it! 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. They then hired renowned architect Robert A.M. Stern to design what you now see. With chalky white waxed plaster walls and muscular wood-beamed ceilings, interior spaces are furnished in a manner both comfortable and sophisticated. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. Heres a Look Inside. We've received your submission. Michael Eisner's sprawling/palatial compound/estate/mansion was just listed for. Over time, they constructed a total of nine buildings. It was built in 2002 and is comprised of 9 structures. 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. 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%. ex-Disney CEO Michael Eisner's home in Malibu, California. Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. There are 16 bedrooms and 28 bathrooms. View Eric Eisner's profile on LinkedIn, the world's largest professional community. Thanks for contacting us. 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 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. Theres also an elevator that takes you down to the beach. Eric has 6 jobs listed on their profile. Besides. Eisner is hoping to sell for a record-setting sum. And then, of course, theres that view with the sunsets gently caressing Catalina. After a few minutes of serious head scratching, I had a revelation. Located off the Pacific Coast Highway, the Mediterranean-inspired estate wouldnt look out of place in the French Riviera, with its terracotta roofs, antique stonework and magnificent landscaping. 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. 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. 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. All Rights Reserved. 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. In 2017, he bought the Portsmouth Football Club for about $7.5 million. . Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. Airdale. You wouldnt be able to do that today, says Jack Turturici Jr. with Douglas Elliman. 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. https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. JUNE 4-8: A California luxury road rally like no other. shelled out $177 million for a Malibu compound. 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. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.. Yes, kids down behind the feared Orange Curtain. 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 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. The Eisners have three young sons, so we imagine theyll be pretty busy shuttling the kids to/from school and extracurricular activities. 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. Anthony Barcelo, The home lords over Watkins Cove, a small, secluded beach. But we digress take a look at Mr. Eisners lavish new Newport digs. Should you? Their village-like compound spans several acres and has plenty of space for weekend guests. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. Will Eisner get his record-breaking price tag? Homes spend an average of 88 days on the market. The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. Construction is complete at Madison House, the tallest residential project in NoMad, and immediate occupancy is available. But wait, that's just one structure. The meandering Malibu compound includes a gym, several guesthouses, an office, and a two-bedroom caretakers cottage. Her work has appeared on Yahoo, New York Post, and SFGATE. 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 . 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. "The Young and The Restless" actor best known for . But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. There are NINE structures spanning 25,000 square feet of living space. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. A deal has to make sense for both parties, says Ameer. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World. He bought up those properties over many, many years and assembled all this land. 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. Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. Eisners place is the most expensive listing in Malibu and in the entire country. 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. 25,000 square feet, 16 bedrooms, 28 bathrooms. Nine stone structures are spread across the grounds including a main house, multiple guesthouses, an office and gym. 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. The 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. Specs (approx.) Kurt sold that one too! 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. 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. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. If sold for $225 million, the home will break sale records in California, which was set last year when billionaire Silicon Valley venture capitalist. Eisners offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times. Eisner and his wife spent 25 years scooping up land and building on the properties. Turns out Mr. Eisners Crystal Cove mansion was sold to him by someone Yolanda has also previously discussed her name is Karen Rabe. He hasnt yet returned any of Yolandas 14,823 phone calls. See more ideas about malibu homes, malibu, real estate. 3 min read. 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. He now heads the investment firm the Tornante Company, through which he owns Britains Portsmouth Football Club. 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. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. You may occasionally receive promotional content from the Los Angeles Times. By Alexandra Del Rosario Staff Writer. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. Steinman House, 1956, Malibu, CA. 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