The Real Deal Los Angeles

Edward Norton drops $11.8M on John Lautner-designed Malibu Colony house

He bought it for about half of its original asking price
August 01, 2017 03:30PM

Edward Norton’s new home in the Malibu Colony (credit: The MLS, Getty Images)

The first rule of Fight Club is…buy below ask?

“Fight Club” star Edward Norton snagged a second home in Malibu Colony for roughly half its original asking price.

Norton, by way of an LLC, paid $11.8 million for the estate known as “Steven’s House” by the famous architect John Lautner, Trulia reported. The property was listed four years ago for $22 million. Its most recent listing price was $13.8 million.

The seller is movie producer Michael LaFetra, who bought it in 2007 and restored it, reversing some changes made by previous owners. The estate on the Malibu coastline is now a California State Cultural Landmark.

Norton’s new five-bedroom residence features a large beach deck, a grassy yard and swimming pool.

Tracy Maltas of Douglas Elliman was the listing agent. Christopher Cortazzo of Coldwell Banker Residential Brokerage represented Norton.

Norton’s first Malibu Colony home is located in Big Rock Beach, which he purchased for $2.72 million in 2008. [Trulia] — Naiwen Tian