Former Disney chief Eisner lists Malibu spread for $225 million, eyeing price record

Michael Eisner is chasing a report on the bluffs of Malibu, itemizing his prized oceanfront compound for $225 million. If he will get his worth, it’ll be the costliest house sale in California historical past.

Eisner, a media mogul who served as chief govt of the Walt Disney Co. from 1984-2005, has been assembling the compound for greater than twenty years. Information present he purchased the primary piece within the Nineties and has added not less than 4 adjoining parcels within the years since.

The $225-million price ticket is almost $50 million larger than the present California sale report, which was set final yr when billionaire Marc Andreessen dropped $177 million on a compound of his personal — additionally in Malibu. The U.S. report belongs to hedge fund supervisor Ken Griffin, who paid $238 million for a New York Metropolis penthouse in 2019.

Eisner’s bold asking worth is because of the property’s unmatched scope and somewhat-secret location. Spanning almost 5 acres, the property sits on a bluff above Watkins Cove — a small, secluded seashore that’s tough for the general public to entry because of the tide.

9 stone constructions are unfold throughout the grounds together with a most important home, a number of guesthouses, an workplace and fitness center. There’s a pool out again, in addition to a cliff-side elevator that descends to an oceanfront cabana, based on the Wall Road Journal, which first reported the itemizing.

It was constructed by Robert A.M. Stern, a New York Metropolis-based structure agency with a world portfolio full of highlights together with the Pasadena Police Division constructing and Philadelphia’s Comcast Heart. The agency has additionally accomplished a number of initiatives for Disney, together with its Yacht Membership Resort and the Roy E. Disney Animation Constructing in Burbank.

Kurt Rappaport of Westside Property Company holds the itemizing.

Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Footage, the place he served as president from 1976-84. He at present owns the Tornante Co., a personal funding agency. In 2017, he purchased the Portsmouth Soccer Membership for roughly $7.5 million.

The New York native additionally owns a compound in Bel-Air.