As you can perhaps comprehend, my brain's first instinct was to view the compound above as four distinct mansions. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.. The Journal notes that the couple has since bought at least two more properties in Malibu since that record-breaking buy. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. When I was first tipped off to Eisner's sale, a few hours before I saw confirmation in the Wall Street Journal, I dug around the internet to see if I could locate an aerial view. Handel Architects developed the exterior of the 62-story striped skyscraper, which rises 805 feet to form an angled peak. A classic seven co-op that once belonged to Howard Deering Johnson is up for sale. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. He now heads the investment firm the Tornante Company, through which he owns Britains Portsmouth Football Club. Other amenities include a separate office, gym, pool and a movie theater, which is connected to the pool area via an underground tunnel. If he gets close to that price, the homedesigned by AD 100 Hall of Fame architect Robert A.M. Sternwill be the most expensive ever sold in California. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. It was a time of wonder and excitement and renewal.. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. Its steel casement windows and doors are a California riff on its Mediterranean revival of the 1920s and 1930s. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. The listing agent, Kurt Rappaport of Westside Estate Agency, tells WSJ that the price is warranted because the home would be nearly impossible to recreate today because of its scale, location and beach access. Last year, Tinseltown scion Anders Eisner hes the youngest son of former Disney CEO Michael Eisner and his longtime wife Terena Thyne Eisner sold their family home for $12.8 million, a new record for the so-called Little Holmby neighborhood. 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The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. Designed by Robert AM Stern, the Tuscan compound is comprised of nine structures totaling over 25,000 square feet and features 16 bedrooms, 22 bathrooms, sprawling lawns, and a pool. So hes got the cash for fun stuff like that. Eisners offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times. Specs (approx.) The windows and doors allow plenty of natural light to flow through and encourage outdoor living as they open onto the spacious lawns and courtyards. Homes spend an average of 88 days on the market. 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And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. Their village-like compound spans several acres and has plenty of space for weekend guests. Eisner Property Parcels, Malibu Oceanfront Location: Google Maps. Get the Robb Report newsletter for similar stories delivered straight to your inbox. In this roundup, AD PRO has everything you need to know. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. The deal might set a record for the costliest home ever sold in California if it finds a buyer. . https://www.wsj.com/articles/ex-disney-ceo-michael-eisner-asks-225-million-for-malibu-home-11651158239. when George Lucas sold Star Wars to Disney. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. They picked up a neighboring home in 2012 for $8.2 million, though tax records suggest they sold it to their son Breck and his wife Georgia in early 2021 for $8.3 million, and they also maintain a ranch in Snowmass, Colo., and an apartment on New Yorks Upper East Side. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Malibu real estate prices have been booming in recent years, but this hilltop home is sure to break sale records for both Malibu and the state of California . It has a beachfront cabana reached by a cliff-side elevator. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among. If you've got enough money to afford a $225 million mansion, I hope you have about a billion more in cash sitting around the cover pesky little bills like property taxes. It's even got a cabana on a bluff with its own elevator that will take you down to the beach!!! There were rumblings across the Platinum Triangle back in 2007 that former Disney chairman and CEO Michael Eisner was looking to unload his family compound in Malibu. Natural light floods the home. The US government eventually seized the Malibu mega-manse from Mr. Obiang money laundering is a big no-no here in the States and resold it for $33.5 million to Mexican investor Mauricio Oberfeld and powerhouse realtor Mauricio Umansky. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. Anywho, Crystal Cove is but a short drive up the highway from a variety of shopping and dining destinations in Laguna Beach and Dana Point. It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes, says Perkins. Rappaport said the lofty price tag on the Eisner property is warranted because the compound would be nearly impossible to duplicate today in terms of scale, location and beach access. The current record is $177 million for another Malibu estate. . 3. The hotel, which operates on the lower floors, opened last fall. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Peter Aaron/OTTO, The oceanfront cabana is accessed via a cliffside elevator. Theres no other property like it in terms of size and location, adds Turturici. Former Disney chairman andchief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. The third result is Eric Norris Eisner age 70s in Los Angeles, CA in the Bel Air neighborhood. After a few minutes of serious head scratching, I had a revelation. Get the latest scoop directly in your inbox. 2023 NYP Holdings, Inc. All Rights Reserved, Donald Sutherlands 36-year California home he gave up for Florida lists for rent, Inside Sofia Richie and Elliot Grainges $26.9M newlywed mansion, Tommy Lees hillside Calabasas mansion finally sells at a loss, Ex-NBA star sold Fla. house because state wont accept his transgender child. All rights reserved. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. Eric Braeden is staying positive amid his battle with prostate cancer. Right now there are 268 active homes for sale in Malibu, with a median list price of $3,462,500. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. ALL RIGHTS RESERVED. If sold for $225 million, the home will break sale records in California, which was set last year when billionaire Silicon Valley venture capitalist Marc Andreessen shelled out $177 million for a Malibu compound. The main house is 25,000 square feet. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. Eric has 6 jobs listed on their profile. I was left even more dumbfounded when I discovered that property records indeed matched Michael Eisner's family trust as owning the property located at the address corresponding with the above photo. ", And speaking of "otherworldly" things, let's talk about the price tag. We asked luxury experts to weigh in. Send us a tip using our anonymous form. 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. Records show Eisner, and his wife, Jane Eisner, acquired the first of the five parcels that comprise their super-deluxe compound in 1995, and added the adjoining lots over the next handful of years. Here's an angle from the ocean side: And here is a video tour that was uploaded just this morning to YouTube: During Michael's multi-decade career overseeing Disney, the company's stock price rose 2,000%. The eight-story building houses 50 turn-key homes with French white oak flooring and Wolf and Sub-Zero appliances. As noted by the property gossips as theWall Street Journal, the first to report the listing, if the estate sells for anywhere near its asking price, it will blow away the current record for the most expensive house ever sold in California, the $177 million venture capitalist Marc Andresson paid for fashion tycoon Serge Azrias huge spread above Malibus Paradise Cove late last year. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. Like this article? And then, of course, theres that view with the sunsets gently caressing Catalina. Townhouse Comes With a Backyard That Would Make the Berkshires Jealous, A Student Ate Maurizio Cattelans Infamous Banana Artwork Off a Museum Wall, Because He Was Hungry, This $11.8 Million Scottish Estate Will Instantly Turn You Into a Baron or Baroness, Singapores 60% Property Tax for Non-Citizens Is Now the Highest in the World. Eisner and his wife, Jane, first purchased land on the bluffs in the 1990s and tacked on adjacent parcels in the years since. How could this be a $200+ million property: That's certainly a very nice multi-structure house with a gorgeous pool, seemingly-fantastic ocean views and an impressive circular driveway. "The Young and The Restless" actor best known for . Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. In addition to the Malibu estate, Michael Eisner . With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. The home also has a pathway from the bluff to the beach.. If the deal closes for that amount, the home will be the. The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019. Her work has appeared on Yahoo, New York Post, and SFGATE. Michael Eisner is chasing a record on the bluffs of Malibu, listing his prized oceanfront compound for $225 million. Alternatively, a cliffside elevator whisks beachgoers down the bluff. Architect Robert A.M. Stern. Lists Massive Malibu Estate for Record-Breaking $225 Million!!! Deal anywhere close to $225M ask on five-acre compound on beach would surpass Marc Andreesens record, Michael Eisner, former CEO, Disney, in front of his cliffside Malibu estate (Ramsa Houses, Ed Schipul, CC BY-SA 2.0 - via Wikimedia Commons, iStock). He also says that Eisner loves the creative process and is selling to start another project elsewhere. The property is one of the more remarkable in the Malibu area. Dirt is a part of Penske Media Corporation. This Former N.Y.C. And as we always like to discuss when we explore insane real estate, let's compute some property taxes. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. May 11, 2022 - Explore Christophe Choo - Coldwell Ban's board "Malibu Homes For Sale & Real Estate - 90265", followed by 4,382 people on Pinterest. While not a celebrity per se, Ms. Rabe and her now-deceased former husband William OConnor achieved a peculiar kind of everlasting fame when they custom-built a monstrous Malibu mansion on a 14+ acre promontory directly above Pacific Coast Highway. The home of Michael and Jane Eisner in Malibu, Calif., is asking $225 million. The firm has also completed several projects for Disney, including its Yacht Club Resort and the Roy E. Disney Animation Building in Burbank. JUNE 4-8: A California luxury road rally like no other. 7681 April 27, 2023 Real Estate. Michael Eisner attends the premiere of the Hulu documentary Hillary at the DGA New York Theater on March 4, 2020, in New York. Rappaport added that Michael Eisner wants to sell because he loves the creative process and seeks his next project. Besides the main house, theres a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. Construction is complete at Madison House, the tallest residential project in NoMad, and immediate occupancy is available. And just outside the main gatehouse is Mastros Ocean Club! The Southern California waterfront estate of exec and erstwhile Disney CEO and Chairman Michael Eisner is on the market this spring with a reduced asking price of $195 million. He currently owns Tornante Co., a private investment firm. The kitchen still features an eat-in peninsula and double cast-iron sink, and the curved bathroom that anchors the center of the home sports a circular sunken bathtub, rounded mirror, and rounded countertops and sink. Time will ultimately tell, but all signs are pointing to another record being set.. Residents can work out in the state of the art gym, work in . But now model residences are on view as ownersincluding former Saints quarterback Drew Brees and shipyard tycoon Boysie Bollinger, who paid a record $13 million for a 30th-floor penthouseprepare to move in. Designed by Robert A.M. Stern the architect behind tony New York City addresses including 15 Central Park West and 220 Central Park South listing images show airy interiors with beamed ceilings, large windows that open to the outdoors and a neutral-tone cabana that sits right on the beach. Anthony Barcelo. Check into Howard Johnsons classic seven on the Upper East Side. No joke. Its such a 1960s building. Malibu, CA Instilled values in campers based on Jewish morals . It's unclear how many of those shares he owns today since he is no longer a company executive and does not own enough shares to require a disclosure. Listing agent Kurt Rappaport of Westside Estate Agency told the Journal the mighty asking price is warranted; what the Eisners built would be difficult to replicate these days in its large scale, prized location and access to the beach. The $225-million price tag is nearly $50 million higher than the current California sale record, which was set last year when billionaire Marc Andreessen dropped $177 million on a compound of his own also in Malibu. Our six-week newsletter will help you make the right decision for you and your property. But if our boy ever homesick, he can simply hop in his automobile and drive two hours up PCH to his parents longtime Malibu residence. 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In order order to have $2.25 million after taxes, one would need to earn around $4.5 million in pre-tax income. He just settled this one. Theres also an elevator that takes you down to the beach. Former Disney CEO Michael Eisner's $225 Million Malibu Estate Has a Cliffside Elevator to the Beach Poised to break sales records, the Robert A.M. Stern-designed estate also has an underground. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Spanning nearly 5 acres, the estate sits on a bluff above Watkins Cove a small, secluded beach thats difficult for the public to access because of the tide. It has all of the exuberance of the decade, CambridgeSeven president Gary Johnson told The Architects Newspaper. I quickly found the property, but I was confused. Michael Eisner's Malibu, CA, compound (Realtor.com) With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. A swimming pool overlooks the Pacific Ocean. Listing agent Kurt Rappaport calls it "one of the world's great . The estate has 9 separate structures, a smidge over 25,000 square feet, boasting 16 bedrooms and 28 bathrooms in the main house and guesthouses alone. Do Not Sell or Share My Personal Information, A neglected midcentury home is transformed into a Palm Springs showstopper, Top real estate sales of 2016: L.A.’s record year included two $100-million sales. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. You wouldnt be able to do that today, says Jack Turturici Jr. with Douglas Elliman. In a statement Arquitectonicas Bernardo Fort-Brescia said, 42 Pine represents an important urban design step for the area, adding that his team drew inspiration for their design from the idea of a hill town. Fort-Brescia continued, The expression is one of individual villa clusters to create a vertical neighborhood. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. Before you scoff at this, let us tick off the amenities. https://therealdeal.com/la/2018/04/24/hard-rock-founders-malibu-mansion-nabs-title-of-priciest-home-sale-in-la-county/. This incredible 4+ acre beachfront compound is located at 33550 Pacific Coast Highway in Malibu, California. Eisner and his wife spent 25 years scooping up land and building on the properties. There are NINE structures spanning 25,000 square feet of living space. Interiors at New York Citys Handel Architectsdeveloped Madison House were designed by Gachot Studios. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. Past wrought iron gates lies the 7,837-square-foot mansion, which is done up in neutral tones and features wide-plank hardwood floors and a host of custom moldings. When Steve Jobs sold Pixar to Disney, he received 138 million shares of Disney which made him the company's largest individual shareholder BY FAR. ex-Disney CEO Michael Eisner's home in Malibu, California. You may occasionally receive promotional content from the Los Angeles Times. Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. A village-like assemblage of structures linked by a series of garden courtyards and meandering stone paths, the buildings are faced in hand-set limestone rubble and capped with antique terra-cotta roofs tiles. eddie and the cruisers piano scene, scottish championship table,