Her work has appeared on Yahoo, New York Post, and SFGATE. Malibu, CA Instilled values in campers based on Jewish morals . Maritime Hotel Was Transformed Into Luxe Condos. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. ", And speaking of "otherworldly" things, let's talk about the price tag. Shop . Theres no other property like it in terms of size and location, adds Turturici. 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!!! Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. Its all quite confusing to us. 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. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. The home has received nearly 123,000 likes on Zillow Gone Wilds Twitter. 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. In the past two years, the tony Southern California town saw massive record-breaking listings and sales, from former Disney CEO Michael Eisner's . .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. Own Michael Eisner's Malibu Home for Just $225 Million If he gets his price, it'll be the most expensive home sale in California. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. 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. You Do ADU, Part 1: Thousands of Californians are building ADUs. Its such a 1960s building. . Former Disney executive's $225M estate may break CA record | The It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. He also says that Eisner loves the creative process and is selling to start another project elsewhere. To revisit this article, select My Account, thenView saved stories. Peter Aaron/OTTO, There are many spaces to enjoy the outdoors. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. 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. 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. For example, in 1993 he earned $203 million. Deal anywhere close to $225M ask on five-acre compound on beach would surpass Marc Andreesens record, Michael Eisner, former CEO, Disney, in front of his cliffside Malibu estate (Ramsa Houses, Ed Schipul, CC BY-SA 2.0 - via Wikimedia Commons, iStock). Getting the full asking price might be difficult, says Myra Nourmand with Nourmand & Associates. But! Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. Alternatively, a cliffside elevator whisks beachgoers down the bluff. Unfortunately, Ms. Rabe and her now-deceased ex got a divorce shortly after the lavish structure was completed. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. Michael Eisner Seeks Record Sale with $225M Price on Malibu Compound Ex-Disney CEO Michael Eisner Lists Malibu Estate for $225M - Robb Report Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. See Massive Malibu Estate of Former Disney CEO Michael Eisner. 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 first floated the property in the spring of last year at $225 million. The compound was created over the decades and completed in 2020. By Alexandra Del Rosario Staff Writer. Michael Eisner's net worth explored - Sportskeeda 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 eight-story building houses 50 turn-key homes with French white oak flooring and Wolf and Sub-Zero appliances. 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. 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. It was built in 2002 and is comprised of 9 structures. 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. Get our latest stories in the feed of your favorite networks. A grassy central courtyard with an arched loggia and edgeless swimming pool serves as the compounds boutique hotel-style town square. Step Inside Stacey Bendet's Art-Filled Fantasia in Manhattan's Upper You may occasionally receive promotional content from the Los Angeles Times. 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.
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