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The Real Deal Los Angeles

Harry Potter director buys former Paramount chief’s Malibu Colony home for $18M

Jonathan Dolgen paid just $3.8 million for the house in 1999
By Cathaleen Chen | July 06, 2017 10:30AM

Jonathan Dolgen and the home on Malibu Colony Road

It’s no Hogwarts, but this $18 million English Country-style manor will suffice for a bunch of muggles.

Chris Columbus, the director of the first two “Harry Potter” movies, paid $18 million to buy veteran media exec Jonathan Dolgen’s Malibu Colony pad, The Real Deal has learned. Dolgen headed up Viacom Entertainment and Paramount Pictures from 1994 to 2004 under Sumner Redstone.

Dolgen acquired the 6,300-square-foot home for just $3.8 million in 1999, property records show.

The property comprises five bedrooms and six bathrooms. It features a screening room, a gourmet kitchen and a wine cellar. Outside, there’s a large deck with a hot tub and 48 feet of beach frontage.

It first hit the market in May for $18.5 million.

The Agency’s Jack Friedkin and Leonard Rabinowitz had the listing, while Chris Cortazzo of Coldwell Banker represented Columbus.

Columbus will be joining a legion of rich and powerful neighbors, including Beyoncé, who’s reportedly renting a $400,000 a month mansion nearby following the birth of her twins. Billionaire Stan Druckenmiller also recently purchased a home in the exclusive enclave.

He’s worked on a number of classics such as “Gremlins” and “Home Alone” and received an Oscar nomination in 2011 for producing “The Help.”