Media exec Michael Lambert sells Billionaire’s Beach villa for $19.55 million

There’s a motive Carbon Seaside is nicknamed Billionaire’s Seaside. The prized stretch of sand off the Pacific Coast Freeway in Malibu routinely sees gross sales north of $20 million and occasional record-breaking offers.

Hotelier Peter Morton set a Los Angeles County file at when he unloaded his Carbon Seaside compound for $110 million in 2018. Final 12 months, a contemporary mansion owned by the late philanthropist Eli Broad traded palms for $51.65 million.

Michael Lambert, a media govt who frolicked at twentieth Century Fox and HBO, is the newest to promote within the ritzy enclave. Data present he simply handed his Mediterranean-style villa with 60 ft of seashore frontage for $19.55 million. The sale was a three-year effort for Lambert, who first provided it at $23.75 million in 2019.

The client, The Occasions has confirmed, is actual property investor Robert Rivani, president of the business actual property agency Black Lion. Rivani stated he plans to renovate and flip the property.

In-built 1927, the two-story villa spans 4,650 sq. ft with traditional Mediterranean model. Stucco and clay tile cowl the outside, and inside, rustic beams and stained-glass skylights cling above arched doorways and stone flooring.

Highlights embody an indoor-outdoor front room with a fire and moist bar, in addition to a kitchen and eating room separated by a dual-sided fire. On the fringe of the area, there’s an indoor spa.

Elsewhere are 4 bedrooms and 4 loos, together with a main suite that spans the whole second story and features a lounge, customized fire, terrace overlooking a leafy courtyard and balcony overlooking the seashore.

Chris Cortazzo and Bruce Mibach of Compass held the itemizing.

Along with founding Lambert Media Group, Lambert has served as govt vp of HBO and president of home tv of twentieth Century Fox.