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Franchise king Ralph Cimmarusti lists Malibu palace for $10.5M
Property sits on more than 11 acres
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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