Designed by esteemed architect Robert A.M. Stern, the Mediterranean compound sprawls over about five extensively landscaped acres. The Eisner compound designed by Robert A.M. Stern is on the Encinal bluff above a tiny beach known as Watkins Cove, according to listing agent Kurt Rappaport of Westside Estate Agency. The buyer of a $91 million manse in Malibu last month has been hamming it up in Paradise Cove. When it comes to design, our most crucial consideration is how the space will make someone feel at ease., 2023 Cond Nast. Dirt is a part of Penske Media Corporation. If Michael and his wife Jane get anywhere near that amount, it will smash the record for California's most-expensive home sale. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. our Subscriber Agreement and by copyright law. Send me email updates and offers from TMZ and its Affiliates. And as we always like to discuss when we explore insane real estate, let's compute some property taxes. Michael Eisner has listed his Malibu house for sale at $225 million. ), Listing agent: Mickey Hartling, Seven Gables, Get our latest stories in the feed of your favorite networks. Across the property, there are 16 bedrooms and 28 bathrooms, not including the two-bedroom caretakers cottage. The interiors, meanwhile, were designed by AD100 firm Gachot Studios, the tastemakers behind Detroits Shinola Hotel, the Glossier flagship in SoHo, and Pebble Bar at Rockefeller Center. Getting the full asking price might be difficult, says Myra Nourmand with Nourmand & Associates. It was built by Robert A.M. Stern, a New York City-based architecture firm with an international portfolio filled with highlights including the Pasadena Police Department building and Philadelphias Comcast Center. Pricing for units ranges from $2 million to $10 million. Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. That led her to New York City, where she landed a job at. ", And speaking of "otherworldly" things, let's talk about the price tag. Ad Choices, Michael Eisner Lists Malibu Compound for $225 Million, a Zillow Gone Wild Listing Takes Over Twitter, and More Real Estate News, Peter Jenningss Co-Op Lists for $10.45 Million, the Cities With the Highest Property Taxes Revealed, and More Real Estate News, Kenny Rogerss Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News, Jim Carrey Lists His Brentwood Mansion, a Landmark Modernist Home Hits the Market, and More Real Estate News. If the entertainment industry heavy hitter, now 80, did float the property for sale back then, there were no serious takers because now, fifteen years later, the massive compound on the rugged Encinal Buffs has been officially listed with a gasp-worthy $225 million price tag. Price $225 million Architect Robert A.M. Stern Specs (approx.) Listing broker Kurt Rappaport of Westside Estate Agency told WSJ Eisner has decided to sell because he loves the creative process, and wants to find a new project. It cant hurt that hes likely to pocket a fortune on the deal, not to mention set a record. Airdale. It was a time of wonder and excitement and renewal.. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. 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. In total, the estate comprises five parcels of land and was gradually constructed over decades until it was finally completed in 2020. Four Seasons New Orleans Private Residences. 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. Steinman House, 1956, Malibu, CA. We've received your submission. Eisner bought the first parcel on the bluffs in the mid-1990s and began adding adjacent lots until he completed the compound in 2020. Limestone rubble walls, exposed rough timber framing and antique terracotta roof tiles add to its hill-town character. Mushka Jacobson with Douglas Elliman is managing sales and marketing. The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. If he gets close to that price, the homedesigned by AD 100 Hall of. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. 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. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. At the time, the figure being bandied about as the unverified asking price was in the neighborhood of $75 million. The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. Lot Size 5 acres. The property has panoramic, unrivaled views of the Pacific Ocean, and it sits on a bluff above Watkins Cove beach, which is rather small, secluded and difficult for the public to accessmeaning that youre likely to have it all to yourself. "The Young and The Restless" actor best known for . Peter Aaron/OTTO, There are many spaces to enjoy the outdoors. Over the following decades they acquired FOUR more parcels for a total of five spread over five acres. A first look at Gachot Studios interiors at Madison House. The Journal notes the current offering spans at least five separate parcels and the compound itself was gradually built over the course of decades, with the work wrapping up in 2020. 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. The Big Easy is readying for its tallest condo tower with the opening of the Four Seasons New Orleans Private Residences on Canal Street. The project represents the ultimate evolution of the historic World Trade Center New Orleans, a city landmark designed by Radio City Music Hall architect Edward Durell Stone and completed in 1968. The Eisner estate, Mediterranean in style with nine structures on approximately 5 acres, packs a real punch. Born in Greybull, Wyo., Eisner credits the over-the-top glamour of her home state's rodeo queens for her early fascination with fashion. Shellstone paths wind down the bluff, past a horizon-edge spa, to a spacious two-story cabana nestled the rocks just above tiny and all-but-private Watkins Cove beach. Get the latest scoop directly in your inbox. But we digress take a look at Mr. Eisners lavish new Newport digs. And then, of course, theres that view with the sunsets gently caressing Catalina. We want to hear from you! There are 16 bedrooms, 28 bathrooms across the main house and the guest houses, and a two-bedroom caretaker's house is also on the grounds. To take advantage of Madison Houses extraordinary height and showcase the great views, we employed generous planes of rich, natural materials and hand-applied finishes, cofounder Christine Gachot tells AD PRO. Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president from 1976 to 1984. But anyway. In the rarefied housing market involving nine-digit price tags, urgency isnt a huge issue. Among the other perks: a gym, a pool that looks out to the Pacific and, from the pool area, a tunnel that leads to a movie theater with a large screen and several rows of plush seating. P.S. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World. - Malibu, CA - Carolyn is a scarcely known figure but she sparked the emergence of incredible forces and people who live on in the American landscape. Hes going for gold in the game of Golden State real estate. Advertisement Nearby: Gregory J. Bonann's House Encinal Bluffs Family Compound Eisner is selling because he loves the creative process and wants to find another project, Rappaport said. Completion of 42 Pine is expected by the fourth quarter of 2023, with pricing ranges starting at $700,000 for one-bedroom units. 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. . The third result is Eric Norris Eisner age 70s in Los Angeles, CA in the Bel Air neighborhood. So if Mr. Eisner is craving steak, its just a quick jog from home. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. 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. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. shelled out $177 million for a Malibu compound. Architect Robert A.M. Stern. Eisners ambitious asking price is due to the propertys unrivaled scope and somewhat-secret location. The master bedroom has a vaulted ceiling and separate sitting room, and the master closet is decked out like a Rodeo Drive boutique. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. This lush materiality brings warmth and context to the buildings monumental scale. Gachots team designed the amenities spaces the same way we would design a private members club, she adds. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Our Ms. Rabe paid exactly $9 million for the property in 2008 a couple years after unloading her Malibu monster and lived here for a full decade before getting $11.5 million from the Eisners. 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. We dunno! Home of the Week: J.P. Morgans Former Family Carriage House in NYC Just Hit the Market for $25 Million, Legendary Music Producer L.A. Reid Just Listed His Artsy Bel-Air Home for $21.5 Million, This $30 Million N.Y.C. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. Location Malibu, Calif. Price $225 million. Tapia, who is also a realtor with White Sands Realty, has listed the home for $899,000. All rights reserved. There's an oceanfront cabana structure that is reached via elevator. 2023 Celebrity Net Worth / All Rights Reserved. As a result, Eisner was at times the highest-paid corporate executive in the world. There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. As you can perhaps comprehend, my brain's first instinct was to view the compound above as four distinct mansions. Those numbers don't include the 2-bedroom caretaker's cottage. 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. Our Ms. Rabe paid exactly $9 million for the property in 2008 a couple years after unloading her Malibu monster and lived here for a full decade before getting $11.5 million from the Eisners. This is an eye-popping, record-breaking listing his massive Malibu estate just went on the market for $225 million. Submit a correction suggestion and help us fix it! It was designed by prolific architect Robert A.M. Stern, best known for his work in New York on buildings such as 15 Central Park West, 220 Central Park West and 70 Vestry, among others. Former Disney CEO and chairman Michael Eisner, 80, has put his Malibu estate on the market and is looking to pull California's largest-ever price tag for a home sale. As it turned out, I was focusing too narrowly in my aerial gazing. Four Seasons New Orleans lets the good times roll. Eisners place is the most expensive listing in Malibu and in the entire country. There's an underground tunnel that leads to a circular grassy knoll with a spa that overlooks the ocean. They have also lived in West Hollywood, CA and Encino, CA. This big ol Tuscan thing was spec-built in 2006. He bought up those properties over many, many years and assembled all this land. Theres also an elevator that takes you down to the beach. The $225 million oceanside estate is being sold by former Disney executive Michael Eisner, who served as CEO of Walt Disney Co. from 1984 to 2005. Michael Eisner, 80, the former chairman and CEO of Disney, is listing a grand compound in Malibu for a cool $225 million. 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. Portuguese products available Online we mail to all lower 48 states. She is only accepting cash offers. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. Get the latest scoop directly in your inbox. Located off the Pacific Coast Highway, the Mediterranean-inspired estate wouldnt look out of place in the French Riviera, with its terracotta roofs, antique stonework and magnificent landscaping. 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. For example, in 1993 he earned $203 million. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. If the deal closes for that amount, the home will be the. Eisner and his wife, Jane Eisner, bought a piece of land on the bluffs in the mid-1990s and have been adding adjacent parcels since then, Rappaport told the newspaper. Someone looking at Eisners home is looking for a truly bespoke, one-of-a-kind residence on the ocean that cant be replicated, saysCara Ameer, an agent with Coldwell Banker whos licensed in California and Florida. The ocean-view $11.5 million property Ms. Rabe just sold to the Eisners is located within the Sea Crest section, which is considered to be one of Crystal Coves two most exclusive (and expensive) neighborhood pockets. Eisner first floated the property in the spring of last year at $225 million.