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The Real Deal Los Angeles

David Geffen sells Carbon Beach pad for $85M, breaks Malibu record

The previous record was set set by the $74.5 million sale of Howard Marks’ home in 2013
May 03, 2017 10:00AM

David Geffen and his Carbon Beach pad

David Geffen’s Carbon Beach compound has finally sold for $85 million, after two years on the market. The sale closed Tuesday, TMZ first reported.

While it came in well below Geffen’s $100 million ask, the price still sets a new record for a Malibu home. The previous record was set set by the $74.5 million sale of Howard Marks’ home at 33064 Pacific Coast Highway in 2013, records show.

The oceanfront estate sits on five parcels — at least one of which was formerly owned by Doris Day — and comprises a two-story main residence and two guesthouses. It features a theater, a gym, an outdoor living room and swimming pool with spa.

The buyer is a “well-known businessman,” according to the Hollywood Reporter.

Westside Estate Agency’s Kurt Rappaport represented both parties in the deal. [THR]Cathaleen Chen