Eli Broad asks $75M for Billionaires’ Beach mansion

Carbon Beach property is designed by Richard Meier

Feb.February 26, 2020 12:06 PM
Eli Broad and the home (Credit: Jemal Countess/Getty Images, and SIMON BERLYN/BERLYN MEDIA via The Wall Street Journal)
Eli Broad and the home (Credit: Jemal Countess/Getty Images, and SIMON BERLYN/BERLYN MEDIA via The Wall Street Journal)

Eli Broad, perhaps Los Angeles’ most famous developer-turned civic champion, is putting his Carbon Beach mansion on the market for $75 million.

Broad bought two beachfront lots on the strip of sand in Malibu known as “Billionaires’ Beach” in 2001, and hired starchitect Richard Meier to design a glass-and-white aluminum modernist structure, according to the Wall Street Journal. The property has been a frequent getaway for Broad and his wife Edythe, given its proximity to their primary Brentwood residence.

“Ours is probably the most important house currently for sale on Carbon Beach,” Broad told the newspaper. “It’s a masterpiece.” Hilton & Hyland’s Branden and Rayni Williams have the listing for the five-bedroom home, which spans just under 5,400 square feet, sits on about 105 feet of oceanfront property and features an ocean-facing deck and outdoor dining area.

Carbon Beach has drawn in buyers from California’s business and entertainment aristocracy, including Oracle’s Larry Ellison, and Dreamworks and Quibi founder Jeffrey Katzenberg. In 2018, Hard Rock Café founder Peter Morton sold his home there for $110 million, a record for L.A. County at the time. [WSJ]TRD Staff

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