Anthony Barcelo. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. If the deal closes for that amount, the home will be the. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. 2023 Celebrity Net Worth / All Rights Reserved. There are 16 bedrooms and 28 bathrooms. If the coastal retreat gets anything close to its asking price, itll go down as the highest-priced sale in California. See more ideas about malibu homes, malibu, real estate. 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. 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. 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. If he still owns all 14 million that stake is worth $1.6 billion. Kurt sold that one too! This 5-acre estate on Malibu's Encinal Bluffs is situated above a largely private beach. "BlacKkKlansman" producer revealed as buyer of $91M Malibu estate 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.. Alternatively, a cliffside elevator whisks beachgoers down the bluff. Malibu Homes For Sale & Real Estate - 90265 - Pinterest Like this article? 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. Those numbers don't include the 2-bedroom caretaker's cottage. A swimming pool overlooks the Pacific Ocean. We asked luxury experts to weigh in. After a few minutes of serious head scratching, I had a revelation. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Ex-Disney boss Eisner lists oceanfront Malibu compound for $225M ", And speaking of "otherworldly" things, let's talk about the price tag. 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. 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. 7681 April 27, 2023 Real Estate. This lush materiality brings warmth and context to the buildings monumental scale. Gachots team designed the amenities spaces the same way we would design a private members club, she adds. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. It was built in 2002 and is comprised of 9 structures. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. The main house is 25,000 square feet. Anthony Barcelo, The movie theater connects to the pool area via an underground tunnel. 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. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . 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. That led her to New York City, where she landed a job at. The Malibu property has unrivaled views over the Pacific Ocean. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. Construction is complete at Madison House, the tallest residential project in NoMad, and immediate occupancy is available. . The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. Its in need of renovations, according to the listing from Iman Barkhordari of Douglas Elliman, but is still a special treasure.. 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. Thanks for contacting us. And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. 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. Styles Featured: Airdale. Should you? If met, the compound's . Michael and his wife Jane purchased their first parcel in the above area in the 1990s. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Get our latest stories in the feed of your favorite networks. 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. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. All Rights Reserved. He also says that Eisner loves the creative process and is selling to start another project elsewhere. 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. The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. Her menagerie of vintage furnishings was a perfect match for the house, including the boomerang coffee table she picked up at a yard sale. - 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. 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. 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. (Papa Eisner, of course, is a Forbes-listed billionaire who had an epicly long tenure as Disneys CEO he was basically King Disney for decades. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. All Rights Reserved. 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. He just settled this one. . Anthony Barcelo. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. Select this result to view Eric Norris Eisner's phone number, address, and more. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. 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. Former Disney CEO Michael Eisner Asks $225 Million for Massive Malibu Her work has appeared on Yahoo, New York Post, and SFGATE. Submit a correction suggestion and help us fix it! Eric Eisner - Team Strategist - Tinuiti | LinkedIn 2636 April 27, . Michael Eisner has listed his Malibu house for sale at $225 million. 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.. $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 . 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. Eisner Eyes California Record With $225M Price On Malibu Estate With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! Michael Eisner asks $225M for Malibu estate - New York Post The compound was created over the decades and completed in 2020. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. The third result is Eric Norris Eisner age 70s in Los Angeles, CA in the Bel Air neighborhood. 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. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Jack Flemming covers luxury real estate for the Los Angeles Times. Malibu Mansion With a Star Pedigree Pops on the Market for $99.5M, Rare Malibu Midcentury: A Beachfront Buff and Hensman Sells for $17.5M, Brand-New $40M Malibu Home Sets the Bar for Beautyand Views, For more photos and details, check out the. Malibu, CA Instilled values in campers based on Jewish morals . If the deal closes for that amount, the home will be the. ex-Disney CEO Michael Eisner's home in Malibu, California. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. Maritime Hotel Was Transformed Into Luxe Condos. 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 . Lot Size 5 acres. But what we see above does not fit the description of a $200+ million property. We want to hear from you! 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. 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 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. 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. our Subscriber Agreement and by copyright law. So if Mr. Eisner is craving steak, its just a quick jog from home. 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). 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. 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. that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Anthony Barcelo, The home lords over Watkins Cove, a small, secluded beach. Why would Mr. Eisner move way down south? Anders Eisner lays out $11.5 million for Crystal Cove casa Portuguese products available Online we mail to all lower 48 states. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. 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. Inside Michael Eisner's Malibu Home - DIRT In the past two years, the tony Southern California town saw massive record-breaking listings and sales, from former Disney CEO Michael Eisner's . Its steel casement windows and doors are a California riff on its Mediterranean revival of the 1920s and 1930s. 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. Former Disney CEO Michael Eisner Asks $225 Million for Massive Malibu 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. See Massive Malibu Estate of Former Disney CEO Michael Eisner - YouTube An underground tunnel from the pool area leads to a large movie theater. Distribution and use of this material are governed by That Was A Smart Choice. If he gets close to that price, the homedesigned by AD 100 Hall of Fame architect Robert A.M. Sternwill be the most expensive ever sold in California. 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. 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. You wouldnt be able to do that today, says Jack Turturici Jr. with Douglas Elliman. A classic seven co-op that once belonged to Howard Deering Johnson is up for sale. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. 2023 Dirt.com, LLC. Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. This is an eye-popping, record-breaking listing his massive Malibu estate just went on the market for $225 million. 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. And just outside the main gatehouse is Mastros Ocean Club! In addition to the Malibu estate, Michael Eisner . Disney's Former CEO Lists Malibu Compound For $225 Million (PHOTOS) 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. 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. 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 $225 million oceanside estate is being sold by former Disney executive Michael Eisner, who served as CEO of Walt Disney Co. from 1984 to 2005. Steinman House, 1956, Malibu, CA. Michael Eisner's net worth explored - Sportskeeda Other amenities include a separate office, gym, pool and a movie theater, which is connected to the pool area via an underground tunnel. Sofia Vergara and Joe Manganiello Offering Beverly Hills Home for $18M. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). He also says that Eisner loves the creative process and is selling to start another project elsewhere. Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. He currently owns Tornante Co., a private investment firm. It's even got a cabana on a bluff. 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. A grassy central courtyard with an arched loggia and edgeless swimming pool serves as the compounds boutique hotel-style town square. But! 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. Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. That cabana, perched on a bluff over a small beach known as Watkins Cove, can be accessed by a cliff-side elevator. Exec Adds to His Malibu Kingdom - Los Angeles Times 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. P.S. It has a beachfront cabana reached by a cliff-side elevator. Michael Eisner attends the premiere of the Hulu documentary Hillary at the DGA New York Theater on March 4, 2020, in New York. Four Seasons New Orleans lets the good times roll. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. Malibu real estate prices have been booming in recent years, but this hilltop home is sure to break sale records for both Malibu and the state of California . View Eric Eisner's profile on LinkedIn, the world's largest professional community. Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. But we digress take a look at Mr. Eisners lavish new Newport digs. 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. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. A first look at Gachot Studios interiors at Madison House. Carolyn Bryant is dead at 88. | Malibu, CA Patch Born in Greybull, Wyo., Eisner credits the over-the-top glamour of her home state's rodeo queens for her early fascination with fashion. In 2017, he bought the Portsmouth Football Club for about $7.5 million. 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 . From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president from 1976 to 1984. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. YES, what you see in the photo above is Eisner's $225 million mansion. Yours for $225 Million Sacramento Bee 74K subscribers Subscribe 2.1K views 7 months ago In what could break a California home. 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. 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. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. Billionaire Michael Eisner Offering Malibu Home for Reduced $195M Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. The Big Easy is readying for its tallest condo tower with the opening of the Four Seasons New Orleans Private Residences on Canal Street. 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