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]

Related Articles

Mindy Kaling and her new oceanfront home in Malibu (Credit: Mike Helfrich and MindyAsst/Wikipedia)

Mindy’s latest project: Actress buys Sinatra’s Malibu pad for $10M

Eli Broad and the home (Credit: Jemal Countess/Getty Images, and SIMON BERLYN/BERLYN MEDIA via The Wall Street Journal)

Eli Broad asks $75M for Billionaires’ Beach mansion

Amazon CEO Jeff Bezos with the home (Credit: Pintrest and Getty Images)

Jeff Bezos buys David Geffen’s Beverly Hills estate for record $165M

Scott Gillen Lists Malibu Spec Mansion For $100 million

Another day, another $100M listing in Malibu

Billionaire David Saperstein lists Malibu home (Credit: Alfred Yson/Sotheby's International Realty via The Wall Street Journal)

Metro Networks founder Saperstein lists Malibu home for $115M

Shaun White is selling his Malibu properties.

Shaun White is freeriding out of Malibu

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week