Cindy Crawford and Rande Gerber sell beachfront home for $45M

The couple originally listed the residence for $60M

Los Angeles /
Jun.June 11, 2018 11:15 AM
Property on Pacific Coast Highway, with Rande Gerber and Cindy Crawford (MLS/Getty)

Celebrity couple Cindy Crawford and Rande Gerber have parted ways with their 5,300-square-foot home in Malibu.

In the latest in a series of big trades in the wealthy coastal enclave, the duo sold the home for $45 million, roughly 40 percent less than its original asking price of $60 million nearly two years ago. It most recently listed at $50 million in October, TMZ reported.

Built in 1944, the oceanfront home has four bedrooms, five-and-a-half bathrooms and a media room. Amenities on the property’s 3.2 acres include a tennis court, fire pit, open-air pavilion and a swimming pool.

The couple paid $50.5 million for the home and the parcel next door in February 2015, property records show. Together, the two lots total 5.9 acres.

Crawford, a supermodel, and Gerber, a nightlife entrepreneur, also own a property in Trousdale Estates in Beverly Hills. They paid $11.6 million for that 5,400-square-foot pad, which had been recently flipped by Ryan Tedder, OneRepublic’s frontman.

The Malibu sale by Crawford and Gerber adds to the growing list of big-ticket homes that have traded there in recent months. Earlier this year, Hard Rock Café founder Peter Morton broke LA county records when he agreed to sell his beachfront home in Carbon Beach for $110 million to a billionaire couple. Meanwhile, NBC Universal vice chairman Ron Meyer is shopping his 3.1-acre Paradise Cove home for a whopping $125 million. [TMZ] — Natalie Hoberman


Related Articles

arrow_forward_ios
5012 Carbon Beach Terrace in Malibu (Redfin)
Sprawling Malibu spec house sells for $38M
Sprawling Malibu spec house sells for $38M
From left: Kim Kardashian and Cindy Crawford with 33128 Pacific Coast Highway
Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
Ben Affleck with 1172 Napoli Drive (Getty, Redfin)
Sale pending on Ben Affleck’s Pacific Palisades mansion
Sale pending on Ben Affleck’s Pacific Palisades mansion
Russell Westbrook and 400 N. Bristol Avenue (Getty, Hilyon & Hyland)
Russell Westbrook puts Brentwood Park home on market for $30M
Russell Westbrook puts Brentwood Park home on market for $30M
From left: Oprah Winfrey and Jennifer Aniston with her Montecito estate  (Google Maps, Getty)
Oprah flips Montecito estate to Jennifer Aniston for $15M
Oprah flips Montecito estate to Jennifer Aniston for $15M
Chris Cortazzo, Larry Ellison, Grant Cardone and 22040 Pacific Coast Highway (Chris Cortazzo, Getty Images, photo courtesy Grant Cardone)
Carbon Beach home last sold in 1994 goes on market at $40M
Carbon Beach home last sold in 1994 goes on market at $40M
Ellen DeGeneres and Portia de Rossi with  848 Hot Springs Rd (Getty, Compass)
Ellen DeGeneres flips Montecito estate for $36M
Ellen DeGeneres flips Montecito estate for $36M
Joel Silver with 470 Layton Way
Producer Joel Silver relists Brentwood mansion for $52M
Producer Joel Silver relists Brentwood mansion for $52M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...