Michael Eisner lists the Malibu spread to be a record $ 225 million
Michael Eisner is chasing a record on the Malibu cliffs, listing his prized oceanfront complex for $ 225 million. If it gets its price, it will be the sale of the most expensive home in California history.
Eisner, a media mogul who served as CEO of the Walt Disney Co. from 1984 to 2005, assembled the complex for more than two decades. Records show that he bought the first piece in the 1990s and has since added at least four adjacent packs.
The $ 225 million price tag is nearly $ 50 million more than the current California sales record, set last year when the billionaire Marc Andreessen lost $ 177 million as a whole, that is, in Malibu. The US record belongs to hedge fund manager Ken Griffin, which paid $ 238 million for a penthouse in New York City in 2019.
Eisner’s ambitious asking price is due to the property’s unrivaled scale and somewhat secret location. Spanning nearly five acres, the estate sits on a cliff above Watkins Cove, a small secluded beach that is difficult for the public to access due to the tide.
Nine stone structures are spread over the grounds, including a main house, multiple guest houses, an office and a gym. There’s a pool in the back, as well as a cliff-side elevator that goes down to an oceanfront hut, according to the Wall Street Journal, who first reported the list.
It was built by Robert AM Stern, a New York City-based architectural firm with an international portfolio of attractions including the Pasadena Police Department building and the Comcast Center in Philadelphia. The company has also completed several projects for Disney, including its Yacht Club Resort and the Roy E. Disney Animation Building in Burbank.
Kurt Rappaport of the Westside Estate Agency holds the listing.
Eisner, 80, joined Disney after working with NBC, CBS, ABC and Paramount Pictures, where he was president from 1976 to 1984. He currently owns the Tornante Co., a private investment firm. In 2017 he bought Portsmouth Football Club for about $ 7.5 million.
The New York native also owns a complex in Bel-Air.