This big ol Tuscan thing was spec-built in 2006. 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. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000. Get the latest scoop directly in your inbox. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. Dirt is a part of Penske Media Corporation. So if Mr. Eisner is craving steak, its just a quick jog from home. If the deal closes for that amount, the home will be the. Submit a correction suggestion and help us fix it! 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. Besides. 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. Organ Donor Francia Shades Ex-Friendship 2023 EHM PRODUCTIONS,INC. 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. 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. Shop now. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. 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. The compound evokes classic European elegance. They then hired renowned architect Robert A.M. Stern to design what you now see. Turns out Mr. Eisners Crystal Cove mansion was sold to him by someone Yolanda has also previously discussed her name is Karen Rabe. 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. 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. Peter Aaron/OTTO, The oceanfront cabana is accessed via a cliffside elevator. Michael and his wife Jane purchased their first parcel in the above area in the 1990s. 2023 Dirt.com, LLC. But we digress take a look at Mr. Eisners lavish new Newport digs. 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. Billionaire Marc Andreessen buys Malibu mansion for $177 million, a California record The estate sits on seven acres between Paradise Cove and Escondido Beach. 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. 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. 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. While not a celebrity per se, Ms. Rabe and her now-deceased former husband William OConnor achieved a peculiar kind of everlasting fame when they custom-built a monstrous Malibu mansion on a 14+ acre promontory directly above Pacific Coast Highway. 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. Get TMZ breaking news sent right to your browser! Send us a tip using our anonymous form. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. That led her to New York City, where she landed a job at. That cabana, perched on a bluff over a small beach known as Watkins Cove, can be accessed by a cliff-side elevator. 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. Yes, kids down behind the feared Orange Curtain. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M. The Round Housedesigned by Sarasota School of Architecture partners Jack West and Elizabeth Boylston Waters. The main house is 25,000 square feet. 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. . Besides the main house, theres a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. Michael Eisner lists Malibu compound for record $225 million. 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. With chalky white waxed plaster walls and muscular wood-beamed ceilings, interior spaces are furnished in a manner both comfortable and sophisticated. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Former Disney CEO Michael Eisner is selling his sprawling Malibu estate for $225 million, which would set a California record for priciest home sale. Get our latest stories in the feed of your favorite networks. 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 Malibu property has unrivaled views over the Pacific Ocean. Inside Sofia Richie and Elliot Grainge's $26.9M newlywed mansion, Inside NYC's charming Villa Charlotte Bront, where units rarely list, Donald Sutherland's 36-year California home he gave up for Florida lists for rent, Dua Lipa exudes royalty in vintage Chanel, massive diamond necklace at Met Gala 2023, Selena Gomezs kidney donor, Francia Rasa, dodges questions about feud speculation, Meghan Markle wants to be Queen of Hollywood after signing multi-million deal, Khristina Williams previews the New York Liberty's 2023 WNBA season, Perez Hilton: 'Boring' Meghan and Harry need to 'give up and move' back to UK, Woman has 'loud, full body orgasm' in the middle of LA concert. The property is spread over . Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. He just settled this one. Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. 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. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. Rappaport said the lofty price tag on the Eisner property is warranted because the compound would be nearly impossible to duplicate today in terms of scale, location and beach access. Pricing for units ranges from $2 million to $10 million. The Big Easy is readying for its tallest condo tower with the opening of the Four Seasons New Orleans Private Residences on Canal Street. Kurt sold that one too! And as we always like to discuss when we explore insane real estate, let's compute some property taxes. The estate has 9 separate structures, a smidge over 25,000 square feet, boasting 16 bedrooms and 28 bathrooms in the main house and guesthouses alone. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. Get the Robb Report newsletter for similar stories delivered straight to your inbox. Protests, lawsuits and a dead rat: A wealthy California citys epic fight to block growth, Oprahs neighbors reportedly fear new wall on her property will send floodwaters their way, New luxury L.A. hillside development in severe fire danger zone brings protests. 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. Heres a Look Inside. Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. 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. Eisner and his wife, Jane, first purchased land on the bluffs in the 1990s and tacked on adjacent parcels in the years since. Portuguese products available Online we mail to all lower 48 states. 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. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. when George Lucas sold Star Wars to Disney. Eisner first floated the property in the spring of last year at $225 million. "The Young and The Restless" actor best known for . The hotel, which operates on the lower floors, opened last fall. Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. Theres no other property like it in terms of size and location, adds Turturici. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. Eric Braeden is staying positive amid his battle with prostate cancer. He also says that Eisner loves the creative process and is selling to start another project elsewhere. But hey. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. Hes going for gold in the game of Golden State real estate. To take advantage of Madison Houses extraordinary height and showcase the great views, we employed generous planes of rich, natural materials and hand-applied finishes, cofounder Christine Gachot tells AD PRO. We want to hear from you! Anthony Barcelo. our Subscriber Agreement and by copyright law. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.. Time will ultimately tell, but all signs are pointing to another record being set.. 7681 April 27, 2023 Real Estate. 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. 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,. 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. If the deal closes for that amount, the home will be the. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. Steinman House, 1956, Malibu, CA. That Was A Smart Choice. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. The house's amenities list is a long one; topping the list is a lower level entertainment suite with a movie theater, a wet bar, and a gym with a sauna. (approx.) A deal has to make sense for both parties, says Ameer. Residents can work out in the state of the art gym, work in . 3. 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! No joke. 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. Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Townhouse Comes With a Backyard That Would Make the Berkshires Jealous, A Student Ate Maurizio Cattelans Infamous Banana Artwork Off a Museum Wall, Because He Was Hungry, This $11.8 Million Scottish Estate Will Instantly Turn You Into a Baron or Baroness, Singapores 60% Property Tax for Non-Citizens Is Now the Highest in the World. 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. The meandering Malibu compound includes a gym, several guesthouses, an office, and a two-bedroom caretakers cottage. Thanks for contacting us. 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 property is one of the more remarkable in the Malibu area. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. The home has received nearly 123,000 likes on Zillow Gone Wilds Twitter. Homes spend an average of 88 days on the market. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. The current record is $177 million for another Malibu estate. Select this result to view Eric Norris Eisner's phone number, address, and more. He (and his young family) have quietly plunked down $11,500,000 for a large home in the Crystal Cove guard-gated community within Newport Coast. Eisner and his wife spent 25 years scooping up land and building on the properties. You Do ADU, Part 1: Thousands of Californians are building ADUs. Designed by esteemed architect Robert A.M. Stern, the Mediterranean compound sprawls over about five extensively landscaped acres. Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. 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. All Rights Reserved. You may occasionally receive promotional content from the Los Angeles Times. In 2017, he bought the Portsmouth Football Club for about $7.5 million. Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. 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. All Rights Reserved. Styles Featured: Airdale. 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. The 25,000-square-foot Mediterranean-style compound spans five acres and includes nine buildings linked by gardens and courtyards on a bluff overlooking the Pacific Ocean, the Wall Street Journal reported. In 2017, after a remodel, the estate was flipped for a berserk $70 million to Hong Kong heiress Karen Lo. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. 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. Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. 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.. If the coastal retreat gets anything close to its asking price, itll go down as the highest-priced sale in California. 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. May 11, 2022 - Explore Christophe Choo - Coldwell Ban's board "Malibu Homes For Sale & Real Estate - 90265", followed by 4,382 people on Pinterest. 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. 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. 3 min read. Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. 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.. Anthony Barcelo. 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. The Journal notes the current offering spans at least five separate parcels and the compound itself was gradually built over the course of decades, with the work wrapping up in 2020. The deal might set a record for the costliest home ever sold in California if it finds a buyer. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). Shop . 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. 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. Yes! Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. Should you? It is owned by Michael Eisner, who is the former chairman and CEO of The Walt Disney Company. 2636 April 27, . 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. That's the same as earning around $400 million in today's dollars. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. 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. He hasnt yet returned any of Yolandas 14,823 phone calls. View Eric Eisner's profile on LinkedIn, the world's largest professional community. Former Disney CEO Michael Eisner seeks $225 million for sprawling Malibu estate. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. 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. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. 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. . The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. . .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Eisners offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times. 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. Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. P.S. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. The eight-story building houses 50 turn-key homes with French white oak flooring and Wolf and Sub-Zero appliances.
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