Michael Eisner asks $225M for Malibu estate

He’s going for gold within the recreation of Golden State actual property.

Michael Eisner, 80, the previous chairman and CEO of Disney, is itemizing a grand compound in Malibu for a cool $225 million. If an ultra-high-net-worth purchaser sweeps up the amenity-loaded cliff-top unfold for that value, the deal would set a report for the priciest dwelling ever offered in California, in line with the Wall Road Journal, which first reported information of this itemizing.

What’s extra: a sale at that sky-high sum would additionally mark one of many priciest residential transactions on this planet.

Enterprise capitalist Marc Andreessen and his spouse, Laura Arrillaga-Andreessen, set the present California report in late 2021 with the $177 million buy of vogue tycoon Serge Azria’s Malibu compound. The Journal notes that the couple has since purchased not less than two extra properties in Malibu since that record-breaking purchase.

The Eisner property, Mediterranean in fashion with 9 buildings on roughly 5 acres, packs an actual punch. It spans about 25,000 sq. toes, with a complete of 16 bedrooms and 28 loos among the many predominant home, the guesthouses and a two-bedroom caretaker’s cottage. Designed by Robert A.M. Stern — the architect behind tony New York Metropolis addresses together with 15 Central Park West and 220 Central Park South — itemizing pictures present ethereal interiors with beamed ceilings, giant home windows that open to the outside and a neutral-tone cabana that sits proper on the seaside. That cabana, perched on a bluff over a small seaside often called Watkins Cove, will be accessed by a cliff-side elevator.

Among the many different perks: a health club, a pool that appears out to the Pacific and, from the pool space, a tunnel that results in a movie show with a big display and several other rows of plush seating.

Eisner and his spouse, Jane, first bought land on the bluffs within the Nineteen Nineties and tacked on adjoining parcels within the years since. The Journal notes the present providing spans not less than 5 separate parcels — and the compound itself was step by step constructed over the course of many years, with the work wrapping up in 2020.

Itemizing agent Kurt Rappaport of Westside Property Company informed the Journal the mighty asking value is warranted; what the Eisners constructed could be troublesome to copy lately in its giant scale, prized location and entry to the seaside. Rappaport added that Michael Eisner needs to promote as a result of he “loves the inventive course of” and seeks his subsequent challenge.

Eisner, who was at Disney from 1984 to 2005, now helms the funding agency the Tornante Firm – and thru that he owns Britain’s Portsmouth Soccer Membership.