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The Real Deal Los Angeles

NBC exec Ron Meyer officially lists Malibu estate for $125M

A sale above $110M would be the most expensive ever in LA County
January 11, 2019 03:00PM

Kelly Meyer, Ron Meyer and their Malibu home (Credit: Getty Images and Westside Estate Agency)

Ron Meyer’s sprawling Malibu estate is officially on the market, and the vice chairman of NBCUniversal is looking for a record sale.

Meyer wants $125 million for the 3.1 acre estate in Paradise Cove, according to Variety. That’s the same price he’s been asking privately since this summer. Meyer was reportedly giving private tours of the home to guests, including to some A-list celebrities, during at least one fundraiser event there in May. With no apparent takers, he decided to hire an agent and list it on the Multiple Listing Service.

A sale at that price would make it the most expensive trade ever in Los Angeles County. The current record is the $110 million a natural gas tycoon paid for Peter Morton’s Carbon Beach home last year.

Westside Estate Agency co-founder Kurt Rappaport has the listing. Rappaport is an investor himself — he picked up a Brentwood estate in July for $16.3 million. In October, he made a foray into commercial space when he picked up a retail store in Beverly Hills.

Meyer’s Paradise Cove estate features a 14,000-square-foot home with five bedrooms and six bathrooms, private access to a secluded beach, a large pool, and a tennis court. Meyer hired architect Charles Gwathmey to design the home in the late 1990s. But it still looks as fresh as any of the boxy white contemporary spec mansions going up in places like Bel Air.

Meyer started shopping the home after news broke that he and his wife of 25 years, Kelly Chapman Meyer, were splitting. [Variety] – Dennis Lynch