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The Real Deal Los Angeles

Lionsgate owners want $32.5M for Malibu pad

James and Eleanor Randall formerly listed the property as a $100K a month rental
By Katherine Clarke | January 19, 2017 09:30AM

The Pacific Coast Highway property

James Randall, the rivet mogul turned philanthropist who bought the famed Bel Air Lionsgate estate for $46.25 million in 2015, is seeking a buyer for another of his trophy pads— a six bedroom bluff-top property in Malibu.

He and his wife Eleanor have listed the Pacific Coast Highway property for $32.5 million, according to Zillow and PropertyShark records. It was previously on the market as a rental, asking $100,000 a month.

The 13,000-square-foot French Regency style estate comprises a two-story main house with six bedrooms, a theater, a billiards room and a formal dining room as well as two additional guest houses. The landscaped grounds include a swimming pool, a championship floodlit tennis court and several outdoor entertainment areas, according to the listing.

The brokers listing the property, Irene Dazzan-Palmer & Sandro Dazzan, did not immediately respond to a request for comment.

The Randalls took the title of the property from their neighbor, developer Albert Sweet, in 2011, records show.

The couple, who reportedly lives primarily in Bradbury, made the bulk of their fortune in 2014, when they sold Randall’s aerospace rivet manufacturing company, Allfast Fastening Systems, for $360 million. They reportedly plan to use the Lionsgate property, the 1930s era mansion known for lion statues placed at the entry by former owner Kenny Rogers, for vacations and events.