Franchise king Ralph Cimmarusti lists Malibu palace for $10.5M

Property sits on more than 11 acres

TRD LOS ANGELES /
Aug.August 14, 2017 02:15 PM

The home of Burger King franchisee Ralph Cimmarusti and wife, Shari — which sits on more than 11 acres in Malibu — is quite a whopper. 

Located near Escondido Canyon Park, the massive estate hit the market last week with an asking price of $10.5 million.

The 7,940-square-foot home offers panoramic views from Point Dume to Queen’s necklace and has five bedrooms and eight bathrooms. The master suite also has a private wraparound sun deck, according to listing details. 

The Tuscan villa-style home has an outdoor infinity pool with kitchen and dining areas, as well as a movie theater, billiards room and six-car garage. 

Russell Grether and Tony Mark of Compass have the listing.

Cimmarusti and his brother, Larry, head Cimmarusti Holdings, which operates a chain of Original Roadhouse Grill restaurants and a fleet of Burger Kings across L.A.

Its subsidiary, Lucia Development, proposed a seven-story mixed-use building last year that would replace the Burger King at 469 North Grand Avenue. The project calls for 244 units and 8,000 square feet of ground-floor retail space and parking. However, it’s unclear when the project will move forward as there’s been little activity since it filed plans with City Planning in June 2016.


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