Malibu cliffside home with its own ticket to ride lists for $125M

Paradise Cove property, whose previous owners include Kenny Rogers, comes with railcar to beach

TRD LOS ANGELES /
May.May 28, 2020 01:25 PM
Diana Jenkins and Paradise Cove (Credit: Michael Kovac/Getty Images, and iStock)
Diana Jenkins and Paradise Cove (Credit: Michael Kovac/Getty Images, and iStock)

A Malibu home once owned by Kenny Rogers has listed for $125 million, the latest and priciest ultra-luxury property in the beachside community to hit the market in recent weeks. It also marks the fourth $100 million or more Los Angeles home now on the multiple listings service.

Diana Jenkins, founder of health drinks business NeuroDrinks, is selling the five-bedroom cliffside house on Paradise Cove, the Wall Street Journal reported. In addition to the late country music crooner, previous owners include media mogul Barry Diller.

The 3-acre property includes a railcar leading down to the beach. Chris Cortazzo of Compass has the listing.

The nine-figure offering follows a Tadao Ando designed-home on Malibu Road that recently hit the market for $75 million, along with a slew of low eight-figure Malibu homes that have surfaced on the MLS in the past few weeks. One of them is tech CEO Tom Villante’s Pacific Coast Highway abode that hit the market this month for $35 million.

The recent luxury listings appear to reflect renewed confidence among sellers and agents despite the worst economic downturn since the Great Depression. Some coronavirus restrictions have been eased recently, most notably the decision to bring back in-person showings by private appointment. [WSJ]Matthew Blake


Related Articles

arrow_forward_ios
Mauricio Umansky and the office (Credit: Google Maps)

The Agency closes Palm Springs office amid larger cuts

The Agency closes Palm Springs office amid larger cuts
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
James Perse and Ted Waitt (Credit: George Napolitano/FilmMagic via Getty Images)

Gateway computer co-founder picks up Malibu pad for $34M

Gateway computer co-founder picks up Malibu pad for $34M
The Hearst mansion's fate is tied into bankruptcy court. (Credit: Istock)

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
Elon Musk and the home (Credit: Pascal Le Segretain/Getty Images and Sotheby's via Money.com)

One down, six to go: Elon Musk sells Bel Air mansion for $29M

One down, six to go: Elon Musk sells Bel Air mansion for $29M
Tomer Fridman and Brielle Cohen (Credit: Compass and iStock)

Tomer Fridman hit with lawsuit over commission split

Tomer Fridman hit with lawsuit over commission split
David Geffen, Casey Wasserman, and the property (Credit: Larry French, Paul Bruinooge/Patrick McMullan via Getty Images, and NearMap via Los Angeles Times)

David Geffen pays $68M for Casey Wasserman’s Beverly Hills manse

David Geffen pays $68M for Casey Wasserman’s Beverly Hills manse
arrow_forward_ios

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

Loading...