Can Michael Eisner Get $225m for His Malibu Compound?

Can Michael Eisner Get $225m for His Malibu Compound?

  • Myra Nourmand
  • 06/2/22
Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal.
If the coastal retreat gets anything close to its asking price, it’ll go down as the highest-priced sale in California.
Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million.
Eisner’s offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times.

Malibu Market

Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates.
Right now there are 268 active homes for sale in Malibu, with a median list price of $3,462,500. Homes spend an average of 88 days on the market. Eisner’s place is the most expensive listing in Malibu and in the entire country.

Coastal Compound

Eisner’s 5-acre property is located in one of the “most beautiful coves in all of the world,” the listing notes. Although California beaches are public, the beach below this property is harder to access, according to the Times, making it even more valuable to a buyer who wants privacy.
As for the compound, it was designed by New York City–based architect Robert A.M. Stern, former Yale School of Architecture dean. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World.
The compound evokes classic European elegance. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean.
With a total of nine structures, the compound offers 25,025 square feet of living space, including 16 bedrooms and 22 bathrooms. Besides the main house, there’s a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. There’s also an elevator that takes you down to the beach.
The listing agent, Kurt Rappaport of Westside Estate Agency, notes the assemblage represents a “once-in-a-lifetime opportunity to acquire one of the world’s great properties.”

Record-Breaking Price

Will Eisner get his record-breaking price tag? We asked luxury experts to weigh in.
“He bought up those properties over many, many years and assembled all this land. You wouldn’t be able to do that today,” says Jack Turturici Jr. with Douglas Elliman.
“There’s no other property like it in terms of size and location,” adds Turturici. “Expect a record-breaking price.”
Getting the full asking price might be difficult, says Myra Nourmand with Nourmand & Associates.
“It will be very challenging to get the listed price, but this is a trophy property that checks all the boxes,” says Perkins. “If someone wants a trophy property, there are only so many that fit the bill, and this one is at the top of the list.”
“Someone looking at Eisner’s home is looking for a truly bespoke, one-of-a-kind residence on the ocean that can’t be replicated,” says Cara Ameer, an agent with Coldwell Banker who’s licensed in California and Florida.
In the rarefied housing market involving nine-digit price tags, urgency isn’t a huge issue.
“Sellers on this level don’t have to sell, and these kinds of buyers don’t have to buy. A deal has to make sense for both parties,” says Ameer. “Time will ultimately tell, but all signs are pointing to another record being set.”

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