Laurene Powell Jobs expands beachfront assemblage in Malibu with $17M buy

Jobs has spent a collective $80M buying properties in Paradise Cove

Los Angeles /
Feb.February 08, 2021 09:22 AM
Laurene Powell Jobs and an aerial of the assemblage (Getty; Google Maps)
Laurene Powell Jobs and an aerial of the assemblage (Getty; Google Maps)

Laurene Powell Jobs has added a third property to her assemblage in Malibu’s Paradise Cove.

Jobs, the widow of Steve Jobs, paid $17.5 million for an oceanfront property that sits adjacent to her compound in the central Malibu neighborhood, according to celebrity real estate outlet Dirt.com. The deal brings her investment in Malibu land to about $80 million, not counting the cost of building out the compound.

Jobs’ new property is home to a 2,677-square-foot home built in 1956. The previous owner, restaurateur Sammy Chao, paid $1.75 million for the property in 1999. The home has five bedrooms and three bathrooms.

It sits on the southern edge of her larger property near the Paradise Cove Beach public parking lot. In fact, the main driveway is only accessible through that parking lot. The home has appeared in several television shows over the years, including “Charlie’s Angels” and “The Twilight Zone.”

Jobs first bought in the neighborhood in 2014, paying around $60 million for a property and adding to it over the years. The new home she is building on the property was heavily damaged in the Woolsey Fire in 2018.

Jobs is worth an estimated $19 billion and owns properties across the country, including three in Silicon Valley and one in San Francisco proper.

She has also assembled a large spread in Florida. In 2016, she paid $15 million for a 3.6-acre estate in the equestrian community of Wellington, and a year later bought a neighboring 7.2-acre property for $8.3 million. [Variety] — Dennis Lynch


Related Articles

arrow_forward_ios
825 Loma Vista Drive and (from left) Behati Prinsloo and Adam Levine with Portia de Rossi and Ellen DeGeneres (Getty, iStock)
Ellen and Portia flip Adam Levine’s former mansion for $47M
Ellen and Portia flip Adam Levine’s former mansion for $47M
Casey Kasem and an aerial of the Beverly Crest mansion at 138 N Mapleton Dr (Photos via Getty, Google Maps)
There it is: Casey Kasem’s Holmby Hills mansion finally sells
There it is: Casey Kasem’s Holmby Hills mansion finally sells
Bryan Cranston and his California beach house (Getty, Realtor)
Bryan Cranston sells “net zero” beach house above asking price
Bryan Cranston sells “net zero” beach house above asking price
DJ Khaled's seven-bedroom Beverly Hills manse sold for over $12 million. (Getty)
DJ Khaled sells Mulholland Estates mansion off-market for $13M
DJ Khaled sells Mulholland Estates mansion off-market for $13M
The Hearst estate (Redfin)
Famed Hearst estate relists for $90M as owner battles mounting debt
Famed Hearst estate relists for $90M as owner battles mounting debt
Lil Wayne and his Hidden Hills home (Getty, Redfin, iStock)
Lil Wayne pays $15M for Hidden Hills mansion
Lil Wayne pays $15M for Hidden Hills mansion
Netflix co-CEO Ted Sarandos and his wife Nicole Avant are selling their Malibu home that they purchased from David Spade. (Getty, Compass)
Netflix co-CEO lists Malibu beach pad for $15M
Netflix co-CEO lists Malibu beach pad for $15M
John Fogerty and his Encino home (Getty, Redfin)
Lookin’ out his front door, John Fogerty plants For Sale sign
Lookin’ out his front door, John Fogerty plants For Sale sign
arrow_forward_ios

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

Loading...