He’s aiming for gold in the Golden State real estate game.
Michael Eisner, 80, the former Disney chairman and CEO, is listing a large Malibu estate for a cool $225 million. If a very wealthy buyer sweeps up the convenience-laden cliff spread for that price, the deal would set a record for the most expensive home ever sold in California, according to the Wall Street Journal, which first reported news of that listing.
What’s more, a sale for this sky-high sum would also be one of the most expensive housing transactions in the world.
Venture capitalist Marc Andreessen and his wife Laura Arrillaga-Andreessen set the current California record in late 2021 with their $177 million purchase of fashion magnate Serge Azria’s Malibu property. The Journal notes that the couple have bought at least two other properties in Malibu since that record-breaking purchase.
The Eisner estate in Mediterranean style with nine buildings on about 5 hectares has it all. It covers an area of approximately 25,000 square feet with a total of 16 bedrooms and 28 bathrooms in the main house, the guest houses and a two-bedroom caretaker’s house. Designed by Robert AM Stern — the architect behind posh New York addresses including 15 Central Park West and 220 Central Park South — the listed images show airy interiors with wood-beamed ceilings, large windows that open to the outside, and a neutral-toned cabana, sitting just right on the beach. Perched on a cliff above a small beach called Watkins Cove, this cabana can be reached by a cliff-side elevator.
Among the other perks: a gym, a pool overlooking the Pacific, and from the pool area, a tunnel leading to a movie theater with a big screen and several rows of plush seats.
Eisner and his wife Jane first bought land on the cliffs in the 1990s and have since attached neighboring parcels. The Journal notes that the current offering includes at least five separate lots — and the site itself has been built in stages over the decades, with work completed in 2020.
Listing agent Kurt Rappaport of the Westside Estate Agency told the Journal that the hefty price tag was justified; What the Eisners built would be difficult to replicate today given its large scale, prized location and beach access. Rappaport added that Michael Eisner wanted to sell because he “loves the creative process” and is looking for his next project.
Eisner, who was at Disney from 1984 to 2005, now runs the investment firm Tornante Company – which makes him the owner of Britain’s Portsmouth Football Club.