Former Disney main Eisner lists Malibu spread for $225 million, eyeing value document
Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. If he gets his value, it’ll be the most expensive property sale in California background.
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. Information demonstrate he bought the initial piece in the 1990s and has added at least 4 adjacent parcels in the many years since.
The $225-million value tag is approximately $50 million greater than the current California sale file, which was set last yr when billionaire Marc Andreessen dropped $177 million on a compound of his personal — also in Malibu. The U.S. report belongs to hedge fund supervisor Ken Griffin, who compensated $238 million for a New York Metropolis penthouse in 2019.
Eisner’s formidable asking price is thanks to the property’s unrivaled scope and considerably-key place. Spanning practically 5 acres, the estate sits on a bluff previously mentioned Watkins Cove — a little, secluded beach that’s hard for the public to access for the reason that of the tide.
Michael Eisner attends the premiere of the Hulu documentary “Hillary” at the DGA New York Theater on March 4, 2020, in New York.
(Evan Agostini/Invision/AP)
Nine stone structures are distribute across the grounds including a key household, numerous guesthouses, an place of work and health club. There is a pool out again, as properly as a cliff-aspect elevator that descends to an oceanfront cabana, according to the Wall Street Journal, which to start with described the listing.
It was designed by Robert A.M. Stern, a New York Metropolis-primarily based architecture firm with an international portfolio filled with highlights together with the Pasadena Police Section building and Philadelphia’s Comcast Middle. The organization has also accomplished a number of jobs for Disney, which includes its Yacht Club Resort and the Roy E. Disney Animation Creating in Burbank.
Kurt Rappaport of Westside Estate Agency holds the listing.
Eisner, 80, joined Disney following stints with NBC, CBS, ABC and Paramount Shots, where he served as president from 1976 to 1984. He at present owns Tornante Co., a personal investment business. In 2017, he bought the Portsmouth Football Club for about $7.5 million.
The New York native also owns a compound in Bel-Air.
