Widow of TV star Michael Landon scores big profit on Malibu home
Despite slow market, Cindy Landon sold beachside home for twice what she paid
Amid Los Angeles’ stalling high-end residential market, the widow of television star Michael Landon sold her Malibu home for more than twice what she paid four years ago.
Cindy Landon unloaded the beachside home on Seafield Drive for $15.7 million, after paying $7.5 million for it in 2015, records show.
The home was renovated and expanded during the time Cindy Landon owned the property. It now has 6,900 square feet of space, five bedrooms and six bathrooms. It also features access to the beach, a koi pond and a garden.
The sale price was about 13 percent below the $18 million Landon had listed it for when it hit the market a year ago.
Cindy Landon’s son, Sean Landon, a broker with The Agency, had the listing. He declined to reveal the name of the buyer, saying it was a “very successful” and well-known entertainer. The buyer was represented by Edward Fitz with The Agency, who did not comment.
Michael Landon, an actor, director and producer, starred in television shows that included “Bonanza,” “Little House on the Prairie” and “Highway to Heaven.” He died in Malibu in 1991.
Malibu, known for its celebrity-inhabited homes, has seen a flurry of recent transactions. In the past month, Kelsey and Camille Grammer’s former mansion hit the market for $20 million, snowboarding legend Shaun White listed his compound for $27.3 million; and NBA superstar Kevin Durant sold his home for $12.2 million.