David Geffen rumored to be selling Carbon Beach pad for $85M

The property had been on the market for $100 million

Feb.February 04, 2016 12:00 PM

David Geffen is in contract to sell his highly sought after Carbon Beach pad for a whopping $85 million, according to several sources cited by Variety.

The music mogul assembled the compound, which comprises five adjacent parcels, over several decades starting in the 1970s. There’s a two-story shingled main residence, a separate guesthouse and a pool house on the property. Amenities include a screening room, a spa and nine garage bays.

A spokesperson for Geffen, who was rumored to have started shopping the property for $100 million last year, denied the sale to Variety. The identity of the rumored buyer is unclear.

Geffen’s portfolio comprises several LA homes, including a smaller Carbon Beach cottage that he bought for $9.8 million from restaurateur Peter Morton in 2008. [Variety]

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