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. The Eisners have three young sons, so we imagine theyll be pretty busy shuttling the kids to/from school and extracurricular activities. Kurt sold that one too! Eisner is hoping to sell for a record-setting sum. 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. 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. In addition to the Malibu estate, Michael Eisner . 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. Eisners offering is unique as he began buying land in Malibu in the 1990s, amassing multiple parcels, according to the Los Angeles Times. 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. 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. ", And speaking of "otherworldly" things, let's talk about the price tag. Former Disney CEO Michael Eisner is going for the record books with his Malibu, CA, compound. A first look at Gachot Studios interiors at Madison House. 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. Michael Eisner attends the premiere of the Hulu documentary Hillary at the DGA New York Theater on March 4, 2020, in New York. By subscribing, I agree to the Terms of Use and Privacy Policy. The home has received nearly 123,000 likes on Zillow Gone Wilds Twitter. Last year billionaire Marc Andreessen set a state record with his purchase of a Malibu compound for $177 million. Electrician Frank Williams built the cylindrical abode in 1971, inspired by the nearby Hilton Leech Art Studioa.k.a. They then hired renowned architect Robert A.M. Stern to design what you now see. Natural light floods the home. The massive master-planned community is divided into 12 sections each featuring a grip of multimillion dollar Tuscan-style homes. The estate now comprises at least five separate parcels, records show. Just not safe, A proposed 50-story skyscraper in this San Francisco neighborhood would stick out, First Republic: Cheap, interest-only jumbo mortgages to Silicon Valleys elite fueled the banks failure, SpaceX used wildlife preserve as dumping ground for space waste, lawsuit alleges, This Barbie is a Hollywood legend: Mattel debuts elegant Anna May Wong doll, Musk said hed never settle an unjust legal case against him. 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. Anthony Barcelo. You could describe it as the house that mouse built, but to call this a house would not be remotely accurate. But anyway. 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. And, then there's a gym, a massive theater and, get this a tunnel that connects the pool area to the theater. Homes - Celebrity - Entertainment - Misc Links: realestalker.blogspot.com By: dawurz Advertisement Celebrity Homes Mailing List Policies kjfitz @ 2007-05-25 08:37:32 Welcome to VGT! Bendet, a fashion designer and the founder of the clothing company Alice + Olivia, and her husband, film producer and investor Eric Eisner, along with daughters Eloise Breckenridge, 13, Scarlet . 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. And as we always like to discuss when we explore insane real estate, let's compute some property taxes. 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. Specs (approx.) 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. And, speaking of Kurt if this property sells for anywhere near asking, it will break an all-time sales record for California. Eric has 6 jobs listed on their profile. Whats more: a sale at that sky-high sum would also mark one of the priciest residential transactions in the world. Photo from Eric Wienberg Collection, Pepperdine University Special Collections and University Archives. (Papa Eisner, of course, is a Forbes-listed billionaire who had an epicly long tenure as Disneys CEO he was basically King Disney for decades. Even words like "compound," "estate," and "mansion" don't really do this property justice without being accompanied by additional words like "sprawling," "palatial" or "otherworldly. It has a beachfront cabana reached by a cliff-side elevator. 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. 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. Stone-covered structures with antique terra-cotta roofs set amid gardens and courtyards overlook the Pacific Ocean. Condominiums at the Four Seasons New Orleans have already attracted high-profile buyers like Boysie Bollinger and Drew Brees. 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. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. Light streams through steel-trimmed casement windows, while the stone floors continue out to covered porches and open terraces. Michael Eisner's sprawling/palatial compound/estate/mansion was just listed for. In order order to have $2.25 million after taxes, one would need to earn around $4.5 million in pre-tax income. Records show he bought the first piece in the 1990s and has added at least four adjacent parcels in the years since. Laurene's 74 million shares generate around $120 million PER YEAR in dividends. Eisners oceanfront complex houses nine structures in all, with 16 bedrooms and 22 bathrooms spread across a main house, a caretakers cottage, and several guesthouses. It was a time of wonder and excitement and renewal.. Spanning about 25,000 square feet all together, there are a total of 16 bedrooms and 28 bathrooms between the main house, several guesthouses, and two-bedroom caretakers cottage. Like this article? This jaw-dropping property features nine separate structures over five acres, which are connected via winding landscaped stone pathways, gardens and courtyards. When George Lucas Sold Star Wars To Disney, He Took Half Of The $4 Billion Buyout In Stock. Hopefully, the new buyer's guests won't jump from the pool to the theater's velvet sofas. Eisner first floated the property in the spring of last year at $225 million. He also says that Eisner loves the creative process and is selling to start another project elsewhere. Anthony Barcelo. And now, Eisner is looking to sell his Malibu seaside compound for $225 million. There are 16 bedrooms and 28 bathrooms. Eisner, 80, joined Disney after stints with NBC, CBS, ABC and Paramount Pictures, where he served as president from 1976 to 1984. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Other Malibu homes have sold for soaring sums in recent years. If the deal closes for that amount, the home will be the. Eisner, at the time, was CEO of The Walt Disney Company and the face of the company until 2005. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. Some of the more expected amenities include an office, gym and boutique hotel-like swimming pool that overlooks the ocean, while one of the more unusual highlights includes a tunnel that links the pool area to a plush movie theater, with seating for at least two dozen in crimson velvet sofas. (Google Earth) By Jack Flemming. If Michael and his wife Jane get anywhere near that amount, it will smash the record for California's most-expensive home sale. ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. Distribution and use of this material are governed by But wait, that's just one structure. It spans about 25,000 square feet, with a total of 16 bedrooms and 28 bathrooms among. Eisners 5-acre property is located in one of the most beautiful coves in all of the world, the listing notes. No joke. Send me email updates and offers from TMZ and its Affiliates. P.S. Sellers on this level dont have to sell, and these kinds of buyers dont have to buy. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? But! Williams built the cabinets, he built everything, owner Sue Tapia recently told Sarasota Magazine. Rapper The Kid Laroi Spends Millions on Rockstar-Worthy LA Home, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million, Hollywood Heavyweights Barry Jenkins, Lulu Wang Buy Apartment in 1920s NYC Building, https://www.youtube.com/watch?v=O-OCHb49qTc, A Whimsical Sausalito Houseboat Stars on 'The Last Thing He Told Me', Gloria Vanderbilt's Former Townhouse Gets $11 Million Price Tag, Steeped in History, a Silent Film Stars Former Malibu Beach House Asks $25 Million, Charm Meets Elegance at 1930s Traditional Home in Westwood, With Its Modernist Simplicity, a Brand-New Florida Home May Set Town Record. Michael Eisner doesn't think small: The ex-Disney CEO has listed his five-acre Malibu compound for a whopping $225 million. Get our latest stories in the feed of your favorite networks. Right now there are 268 active homes for sale in Malibu, with a median list price of $3,462,500. Westside Estate Agencys Kurt Rappaport, who has the listing, tells AD PRO its one of the finest beachfront properties in the world.. Check out more photos of the property below: There are nine structures, including a main residence and guest homes. Time will ultimately tell, but all signs are pointing to another record being set.. Price $225 million Architect Robert A.M. Stern Specs (approx.) We asked luxury experts to weigh in. 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. In 2018, a Richard Meier-designed estate owned by Hard Rock Cafe founder Peter Morton sold for $110 million. Advertisement Nearby: Gregory J. Bonann's House Encinal Bluffs Family Compound The gorgeous getaway has landed on the market for $225 million, according to the Wall Street Journal. For context, when George Lucas sold Star Wars to Disney, he received $2.2 billion in cash and 37 million shares of Disney. Former Disney CEO Michael Eisner seeks $225 million for sprawling Malibu estate. In this roundup, AD PRO has everything you need to know. Kurt Rappaport, a celebrity realtor who himself is a land baron, has the listing. 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. Eisner is seeking to cash in on a high-flying market untouched by global concerns over inflation, war, or interest rates. There's an underground tunnel that leads to a circular grassy knoll with a spa that overlooks the ocean. 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. It was designed by Robert A. M. Stern and was inspired by old estates in Provence . He bought up those properties over many, many years and assembled all this land. Besides the main house, theres a gym, office, beach cottage, guesthouses, and an underground tunnel from the pool to a movie theater. Completion of 42 Pine is expected by the fourth quarter of 2023, with pricing ranges starting at $700,000 for one-bedroom units. Stern is known for his high-end apartment building projects in Manhattan, as well as some work on Disney World. Eisner, who was at Disney from 1984 to 2005, now helms the investment firm the Tornante Company and through that he owns Britains Portsmouth Football Club. That Malibu compound is one of the largest and perhaps the most visually arresting estates in the entire city. 25,000 square feet, 16 bedrooms, 28 bathrooms. 3. . Before you scoff at this, let us tick off the amenities. Four Seasons New Orleans lets the good times roll. 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. 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. I quickly found the property, but I was confused. Over time, they constructed a total of nine buildings. Theres a pool out back, as well as a cliff-side elevator that descends to an oceanfront cabana, according to the Wall Street Journal, which first reported the listing. YES, what you see in the photo above is Eisner's $225 million mansion. That cabana, perched on a bluff over a small beach known as Watkins Cove, can be accessed by a cliff-side elevator. Its such a 1960s building. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. It has one of the greatest swimming pools of all time with a sweeping view of the Pacific. This Former N.Y.C. But hey. To revisit this article, visit My Profile, thenView saved stories. Theres a balance between classic sophistication, hospitable comfort, and modern architecture, she says. Our website, archdigest.com, offers constant original coverage of the interior design and architecture worlds, new shops and products, travel destinations, art and cultural events, celebrity style, and high-end real estate as well as access to print features and images from the AD archives. Alternatively, a cliffside elevator whisks beachgoers down the bluff. You Do ADU, Part 1: Thousands of Californians are building ADUs. The 80-year-old media- and entertainment-industry veteran served as chief executive of Disney from 1984 to 2005. 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. Residents can work out in the state of the art gym, work in . Yes, kids down behind the feared Orange Curtain. 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. The Eisners primary home is in Bel Air, where since the 1990s theyve presided over a huge estate hidden behind an epically tall hedge. That Was A Smart Choice. He and his wife, Jane, purchased their first parcel of land here in the mid-1990s and have been adding adjacent lots since then. Although the house has passed through numerous hands in the intervening half-century, the beauty is that they kept it as is, she said. Experience extraordinary with us this June. Carolyn Bryant is dead at 88. Limestone rubble walls, exposed rough timber framing and antique terracotta roof tiles add to its hill-town character. Yup, we said it warmer water, too. If someone pays $225 million for Michael Eisner's property, their annual property tax bill will be. Select this result to view Eric Norris Eisner's phone number, address, and more. That's the same as earning around $400 million in today's dollars. Get the Robb Report newsletter for similar stories delivered straight to your inbox. Dirt is a part of Penske Media Corporation. The compound boasts 16 bedrooms, 22 bathrooms, and a movie theater. 2023 Dirt.com, LLC. The Round Housedesigned by Sarasota School of Architecture partners Jack West and Elizabeth Boylston Waters. By Alexandra Del Rosario Staff Writer. Eisner and his wife spent 25 years scooping up land and building on the properties. Ms. Rabe continued living in the massive home for some years but eventually sold it for $30 million to Teodorin Obiang, the son of African dictator Teodoro Obiang. 25,000 square feet, 16 bedrooms, 28 bathrooms, Comedy Icon Carol Burnett Laughs All the Way to the Real Estate Bank, Luxury Auto Mogul Sets New Record for Coffee Tycoons Palm Beach Mansion, Laurel Canyon Contemporary With Rock Roots Seeks $3.5 Million, Rapper The Kid Laroi Spends Millions on Rockstar-Worthy LA Home, Charm Meets Elegance at 1930s Traditional Home in Westwood, Gloria Vanderbilts Former Townhouse Gets $11 Million Price Tag, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million. 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%. ALL RIGHTS RESERVED. The listing agent, Kurt Rappaport of Westside Estate Agency, notes the assemblage represents a once-in-a-lifetime opportunity to acquire one of the worlds great properties.. This copy is for your personal, non-commercial use only. As for the compound, it was designed by New York Citybased architect Robert A.M. Stern, former Yale School of Architecture dean. The 19-story tower it occupies was built by architect Robert L. Bien in 1963and was once home to former vice president Nelson Rockefeller. He hasnt yet returned any of Yolandas 14,823 phone calls. 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. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The co-op is being sold by the estate of the woman who bought it from Johnson. There is a main residence, several guest homes and an oceanfront cabana accessed via a cliffside elevator; the latter is exceedingly rare for California, let alone Malibu. The current record is $177 million for another Malibu estate. $9.4M Beverly Hills House Listing Comes With Home in the Metaverse (Exclusive) Records show Eisner, and his wife, Jane Eisner, acquired the first of the five parcels that comprise their super . She is only accepting cash offers. Residents have access to resort-style amenities, including a rooftop pool, game room, and wellness center. 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. He now heads the investment firm the Tornante Company, through which he owns Britains Portsmouth Football Club. 3 min read There were rumblings across the Platinum Triangle back in 2007. We want to hear from you! Turns out Mr. Eisners Crystal Cove mansion was sold to him by someone Yolanda has also previously discussed her name is Karen Rabe. A deal has to make sense for both parties, says Ameer. From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. Situated on a bluff overlooking a small cover, the property comes with an oceanfront pool thats accessible via cliffside elevator and connects to a large movie theater via underground tunnel. Its stone structures are clad in antique terra-cotta roof tiles and linked by manicured gardens and courtyards. Tapia snapped up the house in 2018 for just under $230,000 and spent the following yearand more than $70,000clearing, repairing, and remodeling. Their village-like compound spans several acres and has plenty of space for weekend guests. The estate sprawls over five acres. 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. The 25,000-square-foot Mediterranean-style compound spans five acres and includes nine buildings linked by gardens and courtyards on a bluff overlooking the Pacific Ocean, the Wall Street Journal reported. You could call it the "house that Mouse built," since Michael Eisner spent twenty one years as the CEO of Disney, but to describe this property as a mere "house" would be like calling the Titanic a boat. shelled out $177 million for a Malibu compound. The deal might set a record for the costliest home ever sold in California if it finds a buyer. 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.. This is an eye-popping, record-breaking listing his massive Malibu estate just went on the market for $225 million. There are 9 buildings in all on the 5-acre property, including multiple guesthouses. Now in his 40s, Mr. Eisner is a born-and-bred LA guy his parents have long owned compounds in Bel Air and Malibu but his latest real estate venture sees him eschewing traditional Platinum Triangle haunts.

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