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

The 38-acre property comes with approvals for 12K sf mansion

Los Angeles /
Oct.October 09, 2020 09:45 AM
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)

Los Angeles luxury home sales have been heating up, and land listings may soon follow suit.

Film producer Jack Giarraputo is looking to part with 38 acres of undeveloped land in Malibu overlooking the ocean, according to the Los Angeles Times.

Giarraputo is asking $31.5 million for the property dubbed Sweetwater Ranch at 3291 Sweetwater Mesa Road, the Times reported. A sale at that price would make it the most expensive deal of 2020 in Malibu for a publicly listed property.

The hillside land isn’t just a blank slate — it comes shovel ready with approved plans for a 12,000-square-foot mansion.

Those plans are “approved by California Coastal Commission for entitlements that no longer exist,” according to marketing materials from Douglas Elliman. Tracy Tutor and Gina Dickerson have the listing.

Renderings show a modern-style two-story home atop a ridge with views of the Pacific. Down on the five-acre “lower plateau” renderings show a 75-foot infinity pool, tennis court, and equestrian facilities including a barn, riding arena, and stable.

The land listing is the second-priciest undeveloped property currently on the market in Malibu, behind roughly 35 acres practically next door at 2860 Sweetwater Mesa Road, which is asking $39 million.

It would be unusual for an undeveloped parcel to top the deal sheet in the notoriously expensive coastal city, where there are now three homes publicly listed for $100 million or more and another half dozen on the market for over $50 million. The latest nine-figure mansion to hit the market was Pierce Brosnan’s 12,500-square-foot home.

Giarraputo formed Happy Madison Productions with Adam Sandler in 1999, the Times reported, after producing the movies “Happy Gilmore” and “Billy Madison.” [LAT]Dennis Lynch 


Related Articles

arrow_forward_ios
Trevor Noah’s modern Bel Air mansion sees price cut (Getty Images, Zillow, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Trevor Noah’s modern Bel Air mansion sees price cut
Trevor Noah’s modern Bel Air mansion sees price cut
No joke: ‘Funny Girl’ estate hits market for $58M
No joke: ‘Funny Girl’ estate hits market for $58M
No joke: ‘Funny Girl’ estate hits market for $58M
Mauricio Umansky and Kyle Richards with home in Bel Air (The Agency, Getty)
Mauricio Umansky sells Bel Air home for $6M
Mauricio Umansky sells Bel Air home for $6M
Ashton Kutcher And Mila Kunis Sell Hidden Valley Home For $10M (Getty Images, Zillow)
Ashton, Mila net $10M for Beverly Hills estate
Ashton, Mila net $10M for Beverly Hills estate
Max Azria and his Holmby Hills property, Paul R Williams and Sidney Sheldon (Getty Images, Zillow, Wikipedia, Los Angeles Conservancy, Illustration by Kevin Cifuentes for The Real Deal)
Label this a bargain–price cut on late designer’s estate
Label this a bargain–price cut on late designer’s estate
Grant Cardone and 21808 Pacific Coast Highway in Malibu (Cardone via Ray Kachatorian, Compass)
“Malibooyah!”: Grant Cardone revealed as buyer of Ukrainian tycoon’s mansion on Carbon Beach
“Malibooyah!”: Grant Cardone revealed as buyer of Ukrainian tycoon’s mansion on Carbon Beach
Ukrainian tycoon finds buyer for Malibu mansion
Ukrainian tycoon finds buyer for Malibu mansion
Ukrainian tycoon finds buyer for Malibu mansion
Zillow survey: Calabasas, Malibu rank among most popular cities in U.S.
Calabasas, Malibu among most popular cities in U.S. for cyber surfers
Calabasas, Malibu among most popular cities in U.S. for cyber surfers
arrow_forward_ios

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

Loading...