If you were hoping to run down that dream of owning a musically pedigreed SoCal home last year and the $19 million price tag was just a little too hefty at the time, don’t back down now. Tom Petty’s longtime main digs nestled within a gated enclave high above Malibu’s Pacific Coast Highway just popped back up for sale with a new ask, and it’s $3.5 million less than before.
All you need is a cool $15.5 million, and you can happily claim the coveted keys to the legendary musician’s Mediterranean-style estate. Myra Nourmand and Levi Freeman of Nourmand & Associates hold the listing.
The creamy stucco and terracotta-roof home is accessed via a portico entryway.
Pierre Galant
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Petty, who passed away in 2017 at age 66, purchased the property in spring 1998 for $3.75 million. Tucked away on nearly three acres near Escondido Beach and Paradise Cove, off a private lane that’s shared with three other homes, the updated 1940s spread includes a main home, a separate guesthouse, and another structure that served as a recording studio—for a total of seven bedrooms and 10 baths in roughly 10,000 square feet.
The living room’s vaulted wood-beam ceiling is dotted with skylights donning hand-carved covers.
Pierre Galant
Standing out within the single-level primary dwelling is a sunken fireside living room, which features skylights embellished with hand-carved covers and French doors opening out to a trellised patio. Other highlights include a 16-seat dining room sequestered behind archways accented with wrought-iron detailing, plus a kitchen outfitted with an eat-in island, a Wolf range, a butler’s pantry, and a breakfast nook.
Elsewhere is a music room where the rocker liked to perfect his tunes, as well as a bookshelf-lined library, a gym, and a massage room. An inviting primary suite has a fireplace, a private fountain-clad patio, a huge walk-in closet, and a luxe bath equipped with a soaking tub and a Moroccan-tiled steam shower.
The sports court on the property is ideal for basketball and pickleball.
Pierre Galant
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Three more en suite guest bedrooms open to a brick courtyard with a sitting area, while the garden-laced grounds host a pool and spillover spa, an alfresco dining terrace with a built-in barbecue, an in-ground fire pit, a lighted sports court, koi ponds, and cascading waterfalls. There’s also a gated parking area out front that can accommodate at least 15 vehicles.
Petty’s estate also still lays claim to a small bungalow in Pacific Palisades. His oceanfront Malibu cottage quickly sold to Canadian hotel mogul Salim Sayanin in early 2023 for nearly $10.3 million, which was $400,000 over the asking price; and in late 2023, the musician’s widow, Dana York, paid $6.6 million for a revamped 1920s Spanish Colonial Revival-style home in the Holmby Hills neighborhood of Los Angeles.
Click here for more photos of the SoCal residence.
Pierre Galant
Source: Luxury - robbreport.com
