The Real Deal Los Angeles

Las Vegas Sun owner Brian Greenspun wants $27M
for Malibu pad

He is a close friend and supporter of the Clintons
By Katherine Clarke | June 14, 2017 01:30PM

The Malibu property

A Malibu spread owned by Las Vegas Sun publisher Brian Greenspun, a longtime friend and political supporter of Bill and Hillary Clinton, has hit the market for $27 million, The Real Deal has learned.

The home, at 24860 Pacific Coast Highway, has seven bedrooms and nine bathrooms, spanning a total 10,000 square feet. It sits on its own private 1.64-acre bluff with ocean views, a tennis court, a gym, a limousine garage and a pool.

The property has been listed several times over the past couple of years and most recently asked $30 million in 2016, according to Zillow. Steven Schaefer of Newmark Residential has the listing.

It wasn’t immediately clear how much Greenspun pad for the property or when he bought it.

Greenspun and his family run the seemingly left-leaning Sun, while billionaire Republican casino mogul Sheldon Adelson runs the paper’s biggest competitor, the Las Vegas Review-Journal. The Greenspun Media Group owns publications such as Las Vegas Weekly. Greenspun also has an ownership stake in Essence Cannabis Dispensaries, a medical marijuana company with locations all over Las Vegas.

Malibu home sales have been setting records. Recent headline-grabbing transactions include the sale of investor Mauricio Oberfeld’s home on Sweetwater Mesa for $69.9 million and the $84.5 million sale of David Geffen’s oceanfront home to L.A. Dodgers owner Mark Walter, both of which closed in the first half of the year.