when George Lucas sold Star Wars to Disney. 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,. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. It has all of the exuberance of the decade, CambridgeSeven president Gary Johnson told The Architects Newspaper. Across the property, there are 16 bedrooms and 28 bathrooms, not including the two-bedroom caretakers cottage. It has a beachfront cabana reached by a cliff-side elevator. Eisner and his wife spent 25 years scooping up land and building on the properties. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. As we've stated already, this is located on an oceanfront bluff in Malibu. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Born in Greybull, Wyo., Eisner credits the over-the-top glamour of her home state's rodeo queens for her early fascination with fashion. If sold for $225 million, the home will break sale records in California, which was set last year when billionaire Silicon Valley venture capitalist. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. Homes spend an average of 88 days on the market. ex-Disney CEO Michael Eisner's home in Malibu, California. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. If the deal closes for that amount, the home will be the. 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. 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. 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. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. He hasnt yet returned any of Yolandas 14,823 phone calls. Laurene's 74 million shares generate around $120 million PER YEAR in dividends. He currently owns Tornante Co., a private investment firm. If the deal closes for that amount, the home will be the. Natural light floods the home. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. 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. Send me email updates and offers from TMZ and its Affiliates. Eisner first floated the property in the spring of last year at $225 million. The property is spread over . Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. If Michael and his wife Jane get anywhere near that amount, it will smash the record for California's most-expensive home sale. 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. 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. Designed by esteemed architect Robert A.M. Stern, the Mediterranean compound sprawls over about five extensively landscaped acres. Jack Flemming covers luxury real estate for the Los Angeles Times. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. This jaw-dropping property features nine separate structures over five acres, which are connected via winding landscaped stone pathways, gardens and courtyards. For example, in 1993 he earned $203 million. - 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. 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. 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. Location Malibu, Calif. Price $225 million. Michael Eisner attends the premiere of the Hulu documentary Hillary at the DGA New York Theater on March 4, 2020, in New York. Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. Ex-Disney CEO, Michael Eisner, is a very, very rich man -- his estimated net worth is $1 BILLION -- well guess what he could increase his wealth by 25% just by selling his home!!! The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. 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 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. Its all quite confusing to us. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. Airdale. https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. Specs (approx.) 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. They then hired renowned architect Robert A.M. Stern to design what you now see. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. But anyway. May 11, 2022 - Explore Christophe Choo - Coldwell Ban's board "Malibu Homes For Sale & Real Estate - 90265", followed by 4,382 people on Pinterest. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. To revisit this article, select My Account, thenView saved stories. 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. In 2002, a securities report showed that Michael owned 14 million shares of Disney. A grassy central courtyard with an arched loggia and edgeless swimming pool serves as the compounds boutique hotel-style town square. In 2017, he bought the Portsmouth Football Club for about $7.5 million. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. 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. 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. 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. 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 . Aerial photograph of the Malibu Movie Colony and the Malibu Pier beyond, 1930s. 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. There are 16 bedrooms and 28 bathrooms. 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. 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. 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. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World. We've received your submission. The Big Easy is readying for its tallest condo tower with the opening of the Four Seasons New Orleans Private Residences on Canal Street. Billionaire Marc Andreessen buys Malibu mansion for $177 million, a California record The estate sits on seven acres between Paradise Cove and Escondido Beach. And then, of course, theres that view with the sunsets gently caressing Catalina. Time will ultimately tell, but all signs are pointing to another record being set.. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. 2023 Celebrity Net Worth / All Rights Reserved. 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. If he gets his price, itll be the most expensive home sale in California history. Lot Size 5 acres. Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. The meandering Malibu compound includes a gym, several guesthouses, an office, and a two-bedroom caretakers cottage. 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 . 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. Michael Eisner, if he still owns 14 million shares, would receive around $25 million per year from Disney dividends. Styles Featured: Airdale. 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. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. You could call it the "house that Mouse built," since Michael Eisner spent twenty one years as the CEO of Disney, but to describe this property as a mere "house" would be like calling the Titanic a boat. Maritime Hotel Was Transformed Into Luxe Condos. A swimming pool overlooks the Pacific Ocean. You Do ADU, Part 1: Thousands of Californians are building ADUs. The Eisners have three young sons, so we imagine theyll be pretty busy shuttling the kids to/from school and extracurricular activities. It's even got a cabana on a bluff with its own elevator that will take you down to the beach!!! 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. 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. Lists Massive Malibu Estate for Record-Breaking $225 Million!!! Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Four Seasons New Orleans lets the good times roll. 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. Get our latest stories in the feed of your favorite networks. Somewhere in the house is a mirror-walled gym and an office. To revisit this article, visit My Profile, thenView saved stories. 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. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. P.S. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. This is an eye-popping, record-breaking listing his massive Malibu estate just went on the market for $225 million. See Massive Malibu Estate of Former Disney CEO Michael Eisner. 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. ", And speaking of "otherworldly" things, let's talk about the price tag. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. Eisners oceanfront complex houses nine structures in all, with 16 bedrooms and 22 bathrooms spread across a main house, a caretakers cottage, and several guesthouses. 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. micro wedding packages dfw; pygmy goats for sale in central illinois; My Cart He also says that Eisner loves the creative process and is selling to start another project elsewhere. . But we digress take a look at Mr. Eisners lavish new Newport digs. 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. Four Seasons New Orleans Private Residences. 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. 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. Anthony Barcelo. 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. If he still owns all 14 million that stake is worth $1.6 billion. Select this result to view Eric Norris Eisner's phone number, address, and more. 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. Get the latest scoop directly in your inbox. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. Listing agent Kurt Rappaport calls it "one of the world's great . Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. Besides the main house, theres a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. Eisner is hoping to sell for a record-setting sum. And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. 2023 Dirt.com, LLC. 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. (approx.) 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. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. 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. In addition to the Malibu estate, Michael Eisner . ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. The interiors, meanwhile, were designed by AD100 firm Gachot Studios, the tastemakers behind Detroits Shinola Hotel, the Glossier flagship in SoHo, and Pebble Bar at Rockefeller Center. Yes, kids down behind the feared Orange Curtain. The formal dining rooms got a fireplace with marble surround, the living room sports another fireplace, and a family room opens to the kitchen and includes you guessed it yet another fireplace. $9.4M Beverly Hills House Listing Comes With Home in the Metaverse (Exclusive) Records show Eisner, and his wife, Jane Eisner, acquired the first of the five parcels that comprise their super . Besides. 2023 Dirt.com, LLC. Those numbers don't include the 2-bedroom caretaker's cottage. YES, what you see in the photo above is Eisner's $225 million mansion. Anthony Barcelo, The movie theater connects to the pool area via an underground tunnel. Yup, we said it warmer water, too. 3 min read There were rumblings across the Platinum Triangle back in 2007. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) Billionaire Michael Eisner Offering Malibu Home for Reduced $195M. The property that Eisner just bought has a three-bedroom main house plus two guest houses and oceanfront decks, all built in 1972. https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. Eisners offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times. No joke. But outside is really the place to be there are covered and al fresco patios, a huge backyard fireplace and saltwater swimming pool. The master bedroom has a vaulted ceiling and separate sitting room, and the master closet is decked out like a Rodeo Drive boutique. The current record is $177 million for another Malibu estate. 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. Michael Eisner doesnt think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. 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. Kurt Rappaport of Westside Estate Agency holds the listing. In the past two years, the tony Southern California town saw massive record-breaking listings and sales, from former Disney CEO Michael Eisner's . By subscribing, I agree to the Privacy Policy and Terms of Use, 2023 EHM PRODUCTIONS,INC. Portuguese products available Online we mail to all lower 48 states. Over time, they constructed a total of nine buildings. The eight-story building houses 50 turn-key homes with French white oak flooring and Wolf and Sub-Zero appliances. Shop . 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.
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