Price for Malibu movie director’s house chopped by $4M

Beachfront enclave has seen prices spike up overall recently

TRD LOS ANGELES /
Aug.August 08, 2018 02:00 PM
George Roy Hill (Credit: IMDB, IHA)

While residential home prices in Malibu have been on a hot streak lately, at least one property—where the late George Roy Hill, director of “Butch Cassidy and the Sundance Kid,” once lived—is cooling off.

The price tag on an 11-acre property in the exclusive beachside community dropped to $13.95 million, a $4 million discount from earlier this year, the Los Angeles Times reported. The 2,139-square-foot home, a ranch-style property built in the 1950s, is less than a mile from the ocean.

The Agency has the listing. Denise Snanoudj and Craig Knizek are the lead agents.

Hill, who died in 2002 at age 81, won a best director Oscar for “The Sting,” and was nominated for an Oscar for directing “Butch Cassidy and the Sundance Kid.”

The accolades don’t seem to be drawing big-money buyers to the Malibu property, even though the wealthy coastal neighborhood has scored some big-ticket sales recently.

A Malibu home built into a cliffside, named Il Pelicano, recently listed for $57.5 million. Its owners, L.A. attorney Dale F. Kinsells and Radical Skincare founder Liz Edlich, bought the property for $2 million in 2000 and carved the mansion into its rockface.

Earlier this year, the beachfront estate of Hard Rock Café founder Peter Morton traded for $110 million, and Kurt Rappaport sold his home for $85 million to Canadian billionaire Daryl Katz.

Compared to other luxury home markets of L.A., Malibu showed the greatest gains in the last quarter. Median sales prices in the enclave rose nearly 33 percent to $3.4 million from the second quarter of 2017, and homes spent about 105 days on the market—a 32 percent drop from the previous year. [LAT] — Laurie L. Dove


Related Articles

arrow_forward_ios
Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Joel Silver and the dining room in the Brentwood home (Credit: Getty Images)

Producer Joel Silver lists Brentwood estate at blockbuster price

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

College athletes could soon be allowed to make money on endorsement deals in the state of California (Credit: Getty Images and iStock)

Playing the real estate game: College athlete bill could mint young millionaires and homebuyers

The home on Amalfi Drive, Paul George, and Deandre Jordan (Credit: Getty Images and Realtor)

Paul George dishes $16M for DeAndre Jordan’s former Palisades pad

arrow_forward_ios