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    Tom Petty’s Longtime Malibu Estate Could Now Be Yours for $15.5 Million

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    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

    RELATED: David Duchovny’s Malibu Home and Train Caboose Guest Cottage Sell for $11 Million

    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

    RELATED: Reality TV Titan Mark Burnett Is Asking $350,000 Per Month for His Blufftop Estate in Malibu

    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

    Authors

    Wendy Bowman

    Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      Reality TV Titan Mark Burnett Is Asking $350,000 Per Month for His Blufftop Estate in Malibu

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      Mark Burnett, the prolific producer behind the hit reality TV shows Survivor, The Voice, Shark Tank, and The Apprentice, has hoisted his beachfront home in Malibu up for rent at a hefty $350,000 per month. The listing, which also requires a $350,000 security deposit, is held by Chris Cortazzo of Compass.

      The 13-time Emmy winner and former chairman of MGM’s Worldwide TV Group purchased the Hamptons-style spread on the rugged bluffs above Paradise Cove from the late talent manager Sandy Gallin in 2005 for $25 million. Two years later, he married Touched by an Angel actress Roma Downey at the property in a ceremony officiated by her co-star and ordained minister Della Reese.

      The cozy fireside family room has a handsome wood wet bar.

      Mike Helfrich

      RELATED: David Duchovny’s Malibu Home and Train Caboose Guest Cottage Sell for $11 Million

      Built in 2004, the two-story home sits directly oceanside and provides sweeping coastline views from a gated parcel spanning just over three acres. Ideal for a large family or someone who enjoys hosting lots of overnight guests, seven bedrooms and 10 baths are filtered across a little more than 7,300 square feet of fully furnished living space boasting wide-planked hardwood floors, high whitewashed beamed and coffered ceilings, skylights, built-in cabinetry, and six fireplaces.

      Among the highlights is a double-height foyer that opens to an elegant living room sporting a wood-burning fireplace and French doors spilling out to a covered terrace stretching the entire length of the house. Adjacent is a family room with a wet bar and a formal dining room that seats 10, while the country-style kitchen is outfitted with Carrera marble countertops, dual islands, and top-tier Miele, Viking, and Wolf appliances, plus a walk-in pantry and breakfast nook.

      A wraparound library mezzanine overlooks the foyer.

      Mike Helfrich

      RELATED: Drake’s Sprawling Beverly Hills Estate Is up for Rent at $250,000 per Month

      Elsewhere is a recreation room, an office with a built-in desk, and a tiered screening room, along with an upper level holding a wraparound library mezzanine, a bookshelf-lined living area, and a posh primary suite flaunting a private balcony, a fireside sitting area, a TV suspended over the bed, and a luxe bath equipped with dual vanities, a wood-sided soaking tub, and a large marble shower.

      The undeniable star of the show, though, is the picturesque grounds hosting a pool with a pergola-shaded spillover spa, an outdoor kitchen with a barbecue and pizza oven, fire pits, and steps that meander their way to the beach below. Rounding it all out is a spacious gravel motor court with parking for up to 10 vehicles, as well as optional on-site security and staff services.

      Click here for more photos of the Paradise Cove residence.

      Mike Helfrich

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      David Duchovny’s Malibu Home and Train Caboose Guest Cottage Sell for $11 Million

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      Less than two months after it first hit the market for $12.5 million, David Duchovny’s longtime home in the coveted Point Dume enclave of Malibu has sold to an unidentified buyer for just under $11 million. And though that’s considerably less than he originally wanted, it’s still around $6.2 million more than the veteran film and TV actor paid Hollywood writer/producer Chris Carter for the landlocked 1950s spread nine years ago, back in spring 2016.

      Since then, the X-Files and Californication star has extensively renovated and expanded the premises. Most notably, he kitted out an existing train caboose where he went on to pen his 2021 novel Truly Like Lightning and record episodes of his Fail Better podcast.

      The living area has an entertainment center and bookshelves encased within a wood surround.

      Cristian Cruzio

      RELATED: Kanye West’s Former Malibu Home Sells for More Than $30 Million After Less Than a Week

      Resting amid a gated parcel spanning a little more than an acre, the modern wood-sided abode offers three bedrooms and five baths in roughly 3,580 square feet of single-level living space boasting polished cement floors, high ceilings dotted with clerestory windows and skylights, and smart-home systems. Large pivoting glass doors open seamlessly to the outdoors.

      Among the highlights is a spacious great room with living and dining areas, as well as a kitchen sporting custom cabinetry, stone countertops, and top-notch Miele and Fisher & Paykel appliances. The primary suite flaunts a luxe bath with a clawfoot soaking tub and a steam shower, while an office overlooks picturesque grounds hosting a lap pool and a sunken fire pit.

      Rounding it all out is a detached building that currently serves as a gym, along with the caboose-turned-guesthouse that has its own living and sleeping areas, a kitchen, a built-in dining nook, a bath, and a rooftop deck. The property also transfers with a deeded access key to a secluded beach.

      A vintage train caboose at the far end of the estate has been converted into a guest retreat.

      Cristian Cruzio

      RELATED: Inside the Aviator, a $7.5 Million Flight-Inspired Home on a Rugged Mountaintop High Above Malibu

      Per Chris Cortazzo of Compass, who handled both sides of the deal, things are picking up as of late in wildfire-ravaged Malibu. “PCH reopened in May, and it’s like a light bulb went off,” he said. “Our entire city center—from Nobu West and beyond—remains intact, and we’re booming right now. We’re seeing strong demand from displaced residents looking for homes. I believe insurance payouts are starting to come through, and rather than waiting to rebuild, many people are turning to Malibu, drawn by the lifestyle we offer.”

      The 64-year-old New York native and two-time Golden Globe-winning actor previously told The Wall Street Journal he decided to sell because his children are grown. Duchovny, who recently launched his Secrets Declassified docuseries on the History Channel, reportedly still owns an apartment in New York and a house in Costa Rica.

      Click here for more photos of the Malibu residence.

      Cristian Cruzio

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      David Duchovny’s Longtime Malibu Home Lists for $12.5 Million

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      David Duchovny acquired a landlocked 1950s abode in the gated Point Dume enclave of Malibu almost a decade ago and then proceeded to build a brand-new modern home in its stead. There, amid the site that he’s referred to as his “magical place,” the veteran film and TV actor also kitted out an existing train caboose where he went on to pen his 2021 novel Truly Like Lightning and record episodes of his Fail Better podcast.

      The X-Files and Californication star has now chosen to part ways with his beloved digs and has the spot up for sale, asking $12.5 million—around $7.8 million more than he paid back in mid-2016. Based in New York at the time, Duchovny first rented the property from The X-Files writer/producer Chris Carter as a Los Angeles pied-à-terre before buying the property and making it his primary residence, according to The Wall Street Journal.

      The living area has a wall of pivoting glass doors opening out to the backyard.

      Cristian Cruzio

      RELATED: Kanye West’s Former Malibu Home Sells for More Than $30 Million After Less Than a Week

      Nestled beyond a gated driveway on just over an acre of land, the wood-sided structure has three bedrooms and five baths in roughly 3,580 square feet of open-plan living space with polished cement floors, high ceilings dotted with clerestory windows and skylights, and smart-home systems. Large pivoting glass doors provide seamless indoor/outdoor environs.

      Standing out is the spacious great room, which holds a living room, a dining area, and a kitchen outfitted with custom cabinetry, stone countertops, and top-tier Miele and Fisher & Paykel appliances. The primary suite flaunts a walk-in closet, plus a luxe bath sporting a clawfoot soaking tub and a steam shower. Two more en-suite bedrooms each have white oak floors and built-in closets, while an office overlooks picturesque grounds hosting a lap pool and a sunken fire pit.

      A vintage train caboose at the far end of the estate has been converted into a guest retreat.

      Cristian Cruzio

      RELATED: The Epic Pool at This $25 Million Malibu Home Will Make Your Favorite 5-Star Jealous

      Topping off the listing, which is held by Chris Cortazzo of Compass, is a detached building that currently serves as a gym, as well as the aforementioned caboose-turned-guesthouse, which has its own living and sleeping area, kitchen, built-in dining nook, bath, and rooftop deck. The property also transfers with a deeded access key to a secluded beach.

      Per WSJ, the 64-year-old New York native and two-time Golden Globe-winning actor has decided to sell because his children are grown. Duchovny, who recently launched his Secrets Declassified docuseries on the History Channel, reportedly still owns an apartment in New York and a house in Costa Rica.

      Click here for more photos of the Point Dume residence.

      Cristian Cruzio

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      Kanye West’s Former Malibu Home Sells for More Than $30 Million After Less Than a Week

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      Well, that was fast.

      The concrete home in Malibu that Kanye West infamously abandoned is being sold for more than $30 million less than a week after hitting the market, The Wall Street Journal reported. The Tadao Ando–designed property is being snapped up by Andrew Mazzella, a luxury-home developer who works primarily in Montana.

      “California and L.A., specifically Malibu, is the highest level there is and I’ve always wanted to get to the highest level,” Mazzella told the WSJ. “This is me kicking down the door.”

      Some 1,200 tons of concrete were used to construct the beachfront home.

      Roger Davies

      The 4,000-square-foot home has a rather interesting history, to say the least. West threw down a whopping $57.3 million for the estate back in 2021, then completely gutted the place. Before he could complete the renovation, he stepped away from the project, eventually listing the mansion in 2023 and selling it to the crowdfunding company Belwood Investments for just $21 million, a massive loss even for a billionaire.

      Steven “Bo” Belmont, the owner of Belwood, began an $8.5 million renovation of the abode in the hopes of returning it to its original condition, The Wall Street Journal noted. But he also changed his mind and spun it back on the market just last week, with a price tag of $39 million. While the exact amount that Mazzella is paying isn’t yet public, Belmont told the newspaper that the contract price is between $30 million and $34 million, which Mazzella confirmed.

      The four-bedroom home measures in at 4,000 square feet.

      Roger Davies

      To fund the purchase, Mazella is raising money from third-party investors, the WSJ wrote. The developer is planning to move to Malibu for the rest of the year to see the renovations through, at which point he wants to once again place the home up for sale, this time for an eye-popping $55 million to $65 million. In the deal, Mazzella is being represented by Amanda Lynn at Nest Seekers International, while the Ando home was listed by Jason Oppenheim of the Oppenheim Group and Mauricio Umansky of the Agency.

      This brings the estate’s saga to an end—for now—but the home’s got a long way to go until it becomes an attractive prospect to someone who wants a move-in-ready property. When he was still the owner, West took out all the doors, windows, and interior finishes. In the past year, Belmont has made some improvements, including redoing the roof and installing new plumbing and electrical systems. Still, Mazzella has his work cut out for him. 

      Authors

      Tori Latham

      Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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      Kanye West’s Infamously Gutted Former Malibu House Pops Back Up for Sale After 6 Months

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      Just six months ago, Steven “Bo” Belmont was jazzed about having acquired a Tadao Ando-designed house in Malibu from Kanye West for a discounted $21 million. At the time, the founder and owner of Belwood Investments, a California-based real estate crowdfunding firm that’s been flipping homes since 2018, aspired to raise at least $5 million to restore the unfinished property during the next year or so to its original state and then hoist it back up for sale at around $40 million.

      “This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu,” Belmont said via a press release. “This acquisition exemplifies Belwood Investments’ commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors.”

      But that was then. Belmont has now decided to put the place back on the market a little sooner and a lot more incomplete than expected. He’s asking a substantial $39 million for the oceanfront spread, which is listed by Jason Oppenheim of The Oppenheim Group and Mauricio Umansky of The Agency.

      The four-bedroom, five-bath home clocks in at just over 4,000 square feet.

      Roger Davies

      Records show the increasingly erratic music mogul-turned-Yeezy fashion designer doled out a whopping $57.3 million in cash for the residence in fall 2021 and then controversially gutted the place in preparation for a redesign. He proceeded to rip out all the windows, doors, and interior finishes before changing his mind and flipping the vacant and uninhabitable concrete shell back on the market in early 2024 at $53 million. The price was later slashed to $39 million, and after languishing and sitting exposed to the elements for nearly three years, it finally sold for $21 million, a staggering $36 million less than West paid.

      Originally designed and built for financier and art collector Richard Sachs by the Pritzker Prize-winning Japanese architect, the brutalist structure was completed in 2013 in collaboration with the architecture firm Marmol Radziner using 1,200 tons of concrete and 200 tons of reinforced steel. Per marketing materials, the house has four bedrooms and five baths in just over 4,000 square feet, with roughly 1,500 square feet of outdoor decks providing ocean views.

      Though the property is still unfinished, it does have new framing, plumbing, and electrical systems, as well as a redone roof.

      Roger Davies

      Lacking plumbing, electrical, HVAC, and interior finishes at the time he scooped it up, Belmont has since completed the framing, installed new plumbing and electrical systems, redone the roof, and is waiting for glass for the windows to arrive from Germany. The investor recently told The Wall Street Journal that he doesn’t intend to abandon the construction that is already under way and will continue to work on the mansion until he receives a fair offer. If one doesn’t come about, he added, he will list the property for between $55 million and $65 million closer to completion, which is expected by early 2026. Several unsolicited offers have already come in during the past few months, including a $30 million overture from a Montana developer and a $28 million submission from a local builder. “I’m obviously not going to take that,” he said, “but there’s been a lot of activity.”

      A broker price opinion report prepared for Belwood by Rugiero at the time of purchase estimated the property’s final value once restored would top $50 million, while other brand-new or freshly rehabbed homes along this same stretch of sand typically go for around $20 million. However, it is one of only a handful of U.S. buildings designed by the 82-year-old Ando, who’s been called “Hollywood’s favorite starchitect” and whose homes are regarded as “the hottest must-have among the super wealthy.” 

      The brutalist structure has roughly 1,500 square feet of outdoor decks overlooking the Pacific.

      Roger Davies

      In 2023, Jay-Z and Beyoncé paid $190 million for a much larger Malibu estate designed by Ando in a deal that remains one of the most ever paid for a California home. Kim Kardashian is planning to build an extravagant Ando-designed vacation mansion near Palm Springs, and Slack co-founder Stewart Butterfield and his wife Jen Rubio bought Tom Ford’s Ando-designed ranch in New Mexico in 2021 for $40 million.

      After he offloaded his Malibu home, West paid $35 million in an off-market deal for a glitzy Richard Landry-designed contemporary mansion in the guard-gated Beverly Park neighborhood of Los Angeles that had previously belonged to Perfect 10 magazine founder Norm Zada, as well as the late Saudi billionaire Sheikh Saleh Abdullah Kamal. His other L.A. property in Calabasas, where his now-shuttered Donda Academy was located, has fallen into a state of neglect.

      Authors

      Wendy Bowman

      Wendy Bowman is a real estate writer at Robb Report. Before that, she was a freelancer for Modern Luxury and several other media outlets, where she primarily covered luxury properties for…

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      Renée Zellweger’s Former SoCal Home Hits the Market for $8 Million

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      Soon after she began dating reality TV star Ant Anstead in 2021, Renée Zellweger sold her secluded, hacienda-style retreat in Southern California for $6.4 million. The two-time Oscar-winning actress went on to rent a waterfront compound directly across the street from her beau’s bungalow in the seaside enclave of Laguna Beach; and while she and […] More