Eli Broad’s $75M Malibu beach house listing got another price chop

Billionaire put the Richard Meier-designed Carbon Beach property on market just before pandemic took hold

TRD LOS ANGELES /
Sep.September 08, 2020 11:00 AM
Eli Broad and the house (Credit:: Mathew Imaging/WireImage via Getty Images, and Google Maps)
Eli Broad and the house (Credit:: Mathew Imaging/WireImage via Getty Images, and Google Maps)

The Los Angeles luxury market looked completely different in late February, when Eli Broad first listed his Malibu beach house for $75 million.

Without a sale, the billionaire slashed the price in July, and has just cut it again, to $62 million, according to the Los Angeles Times.

That’s 17 percent below the original list price.

The developer turned philanthropist paid $5.65 million for the two land parcels in Carbon Beach in the late 1990s, and hired now-disgraced architect Richard Meier to design the modernist abode.

The 5,400-square-foot house was completed in 2002, and spans two stories with five bedrooms and seven bathrooms. The master suite includes a balcony, sauna, and a lounge. Double-height glass windows in the main living room emphasize the views over the Pacific Ocean and the property’s 105 feet of ocean frontage.

The house sits in a raised platform and connects to the beach via a small stairway off the back patio. There’s also a lawn and a guest house on the property.

In February, Broad described the home as a “masterpiece” and “probably the most important house currently for sale on Carbon Beach.”

Hilton & Hyland’s Branden and Rayni Williams initially had the listing, but Westside Estate Agency’s Kurt Rappaport took it over in July. [LAT]Dennis Lynch 


Related Articles

arrow_forward_ios
Gene Simmons of Kiss (Credit: Per Ole Hagen/Redferns via Getty Images)

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion
Chris Cortazzo (Credit: Marc Piasecki/GC Images via Getty Images)

One person, three roles: Chris Cortazzo buys $20M Malibu home, serves as agent for both sides

One person, three roles: Chris Cortazzo buys $20M Malibu home, serves as agent for both sides
Steve Levitan and the home (Credit: Jason LaVeris/FilmMagic via Getty Images and Google Maps)

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad
Ellen DeGeneres and Portia (Credit: Christopher Polk/Getty Images, and Google Maps)

Ellen DeGeneres lists Santa Barbara compound for $40M

Ellen DeGeneres lists Santa Barbara compound for $40M
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M
Pierce Brosnan (Credit: Andreas Rentz/Getty Images)

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price
1142 Calle Vista Drive in Beverly Hills (Credit: Google Maps)

$100M Beverly Hills listing gets $49M price cut

$100M Beverly Hills listing gets $49M price cut
Jon Voight (Credit: Paul Archuleta/Getty Images)

Cut: Jon Voight slashes price on Beverly Hills development opportunity

Cut: Jon Voight slashes price on Beverly Hills development opportunity
arrow_forward_ios

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

Loading...