Anthony Barcelo. If he gets his price, itll be the most expensive home sale in California history. Anthony Barcelo, The movie theater connects to the pool area via an underground tunnel. 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. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Yours for $225 Million Sacramento Bee 74K subscribers Subscribe 2.1K views 7 months ago In what could break a California home. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. 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,. It has a beachfront cabana reached by a cliff-side elevator. Alternatively, a cliffside elevator whisks beachgoers down the bluff. 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. Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. 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. Before you scoff at this, let us tick off the amenities. . But what we see above does not fit the description of a $200+ million property. Organ Donor Francia Shades Ex-Friendship 2023 EHM PRODUCTIONS,INC. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.) 3 min read There were rumblings across the Platinum Triangle back in 2007. Send us a tip using our anonymous form. The firm has also completed several projects for Disney, including its Yacht Club Resort and the Roy E. Disney Animation Building in Burbank. Kurt Rappaport of Westside Estate Agency holds the listing. Portuguese products available Online we mail to all lower 48 states. In 2018, a Richard Meier-designed estate owned by Hard Rock Cafe founder Peter Morton sold for $110 million. 7681 April 27, 2023 Real Estate. No joke. But hey. 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. Architect Robert A.M. Stern. Why would Mr. Eisner move way down south? A deal has to make sense for both parties, says Ameer. Its all quite confusing to us. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. Natural light floods the home. Distribution and use of this material are governed by The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. 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. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. 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. Like this article? Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. They picked up a neighboring home in 2012 for $8.2 million, though tax records suggest they sold it to their son Breck and his wife Georgia in early 2021 for $8.3 million, and they also maintain a ranch in Snowmass, Colo., and an apartment on New Yorks Upper East Side. 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. You Do ADU, Part 1: Thousands of Californians are building ADUs. 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. There are NINE structures spanning 25,000 square feet of living space. So if Mr. Eisner is craving steak, its just a quick jog from home. 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.. Yes, kids down behind the feared Orange Curtain. Specs (approx.) Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Edward Hamm Jr., a movie producer and heir to the Hamm's Beer fortune, was revealed as the buyer of . 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%. If he gets close to that price, the homedesigned by AD 100 Hall of. micro wedding packages dfw; pygmy goats for sale in central illinois; My Cart If met, the compound's . 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. our Subscriber Agreement and by copyright law. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. 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. 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. Shop now. 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 the deal closes for that amount, the home will be the. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. The third result is Eric Norris Eisner age 70s in Los Angeles, CA in the Bel Air neighborhood. Eisner and his wife, Jane Eisner, bought a piece of land on the bluffs in the mid-1990s and have been adding adjacent parcels since then, Rappaport told the newspaper. 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. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. Michael and his wife Jane purchased their first parcel in the above area in the 1990s. 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. The property is spread over . Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate The Second Most Expensive Home Sold In US History! 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. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. 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. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.). Listing agent Kurt Rappaport of Westside Estate Agency told the Journal the mighty asking price is warranted; what the Eisners built would be difficult to replicate these days in its large scale, prized location and access to the beach. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. The property is one of the more remarkable in the Malibu area. This copy is for your personal, non-commercial use only. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. . Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president from 1976 to 1984. 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. JUNE 4-8: A California luxury road rally like no other. View Eric Eisner's profile on LinkedIn, the world's largest professional community. That record currently stands at $177 million and was set by Netscape creator/Venture Capitalist Marc Andreessen in October 2021 when he purchased a similarly amazing bluff-top Malibu property located just down the road from the Eisner compound/estate/mansion. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 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. Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. For non-personal use or to order multiple copies, please contact 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 . He hasnt yet returned any of Yolandas 14,823 phone calls. 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. ), Listing agent: Mickey Hartling, Seven Gables, Get our latest stories in the feed of your favorite networks. April 24, 2023 12:43 PM PT. Our six-week newsletter will help you make the right decision for you and your property. 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. Steinman House, 1956, Malibu, CA. For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. In addition to the Malibu estate, Michael Eisner . Laurene's 74 million shares generate around $120 million PER YEAR in dividends. The New York native also owns a compound in Bel-Air. He also says that Eisner loves the creative process and is selling to start another project elsewhere. We dunno! ex-Disney CEO Michael Eisner's home in Malibu, California. We want to hear from you! Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. If he still owns all 14 million that stake is worth $1.6 billion. Get the latest scoop directly in your inbox. The 16-bedrooms, 28-bath property is reminiscent of old estates along Frances Cte dAzur, he said. YES, what you see in the photo above is Eisner's $225 million mansion. Send me email updates and offers from TMZ and its Affiliates. But anyway. Submit a correction suggestion and help us fix it! If the deal closes for that amount, the home will be the most expensive ever sold in California and one of the priciest in the world. 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. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. 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. He bought up those properties over many, many years and assembled all this land. A first look at Gachot Studios interiors at Madison House. 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. 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. 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.
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