Where Is the Key: Shell $225 million and Get Michael Eisner's Malibu Compound
Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, California.
If the deal closes for that amount, the home will be the most expensive ever sold in California and one of the priciest in the world.
The Robert A.M. Stern-designed Mediterranean-style estate comprises nine structures on roughly 5 acres. They include a main house, a caretaker's cottage, multiple guesthouses, an office, and a gym. An underground tunnel links the pool area to a movie theater. A cliff-side elevator descends to an oceanfront cabana, according to the Wall Street Journal, which first reported the listing. The estate sits on a bluff above Watkins Cove — a small, secluded beach difficult for the public to access because of the tide.
Eisner has been assembling the compound for more than two decades. The $225-million price tag is nearly $50 million higher than the current California sales record, which was set last year when billionaire Marc Andreessen dropped $177 million on a compound of his own — also in Malibu. The U.S. record belongs to hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019.
The estate was built by Robert A.M. Stern, a New York City-based architecture firm with an international portfolio including 15 Central Park West in Manhattan and Philadelphia’s Comcast Center. The firm has also completed several projects for Disney, including its Yacht Club Resort and the Roy E. Disney Animation Building in Burbank.
Kurt Rappaport of Westside Estate Agency holds the listing.
Eisner, 80, also owns a ranch in Snowmass, Colorado, a mansion in Bel-Air, and an apartment on New York's Upper East Side. He joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president. He currently owns Tornante Co., a private investment firm. In 2017, he bought the Portsmouth Football Club (Hampshire, UK) for about $7.5 million.
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