Anne Hearst and Jay McInerney buy in Malibu

Publishing heiress and writer pick up beach pad that hadn’t changed hands in 40 years

Los Angeles /
Dec.December 17, 2020 10:30 AM
Anne Hearst and Jay McInerney with 23350 Malibu Colony Road (Getty, Redfin)
Jay McInerney and Anne Hearst with 23350 Malibu Colony Road (Getty, Redfin)

Anne Hearst, the granddaughter of famed publisher William Randolph Hearst, and novelist Jay McInerney scooped up a Malibu house on Colony Beach.

The couple paid $10.7 million for the home at 23350 Malibu Colony Road, according to the Los Angeles Times. The sale was about 10 percent below asking.

The 90-year-old two-story house has four bedrooms and four bathrooms and totals 2,520 square feet.

The property hit the market this summer for the first time in 40 years, with a $12 million price tag. The rear of the home opens to a patio and a deck overlooking the beach and the Pacific Ocean.

Malibu Colony Beach is one of the most expensive housing markets in L.A. County, and once was the priciest place to buy a home in the county.

Casino mogul and conservative activist Sheldon Adelson owns eight properties in the neighborhood.

Last year, a Hamptons mansion that Hearst and McInerney owned — his books include “Bright Lights, Big City” — burned in a fire caused by a chimney problem. It was unclear how much was damaged. [LAT] — Dennis Lynch 


Related Articles

arrow_forward_ios
Related Fund Mangement’s Managing Principal Justin E. Metz and a rendering of Cross Creek Ranch. (Jay Luchs, Related)
Malibu’s largest commercial project nabs $130M construction loan
Malibu’s largest commercial project nabs $130M construction loan
Pamela Anderson and her house on Malibu Colony Road. (Coldwell Banker Realty, Getty)
Pamela Anderson lists Malibu beach pad, plans move to Canada
Pamela Anderson lists Malibu beach pad, plans move to Canada
Rendering of Sea View Hotel
Renderings depict hotel planned on PCH near Nobu Ryokan Malibu
Renderings depict hotel planned on PCH near Nobu Ryokan Malibu
Robyn Moore bought the Broadbeach Road home after splitting with Mel Gibson. (Getty, Redfin)
Robyn Moore lists Malibu pad bought following divorce from Mel Gibson
Robyn Moore lists Malibu pad bought following divorce from Mel Gibson
Rick Caruso and 21528 Pacific Coast Highway (Getty, The Agency)
Rick Caruso asks $40M for Malibu beach house
Rick Caruso asks $40M for Malibu beach house
Jan Koum and Diana Jenkins with 27560 Pacific Coast Highway (Getty, Google Maps)
WhatsApp co-founder drops $87M on Malibu mansion
WhatsApp co-founder drops $87M on Malibu mansion
Tyra Banks with her new 4 bedroom coastal home. (Getty, Coldwell Banker Realty)
Tyra Banks is smizing at her Malibu beach house buy
Tyra Banks is smizing at her Malibu beach house buy
The Malibu house was designed by Ed Niles. (Coldwell Banker Realty)
Unique Malibu home with futuristic vibes lists for $20M
Unique Malibu home with futuristic vibes lists for $20M
arrow_forward_ios

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

Loading...