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    Tom Petty’s Longtime SoCal Home Just Popped Up for Sale at $19 Million

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    Hoping to run down that dream of owning a musically pedigreed SoCal home? Spare yourself a breakdown, because Tom Petty’s longtime main digs nestled within a gated enclave high above Malibu‘s Pacific Coast Highway are yours for the taking! All you need is a cool $19 million, and you can happily claim the coveted keys to the legendary musician’s Mediterranean-style estate—barring a bidding war, of course.

    Before his death in 2017 at age 66, Petty paid $3.75 million and change in spring 1998 for the place, which 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 of living space.

    The creamy stucco and terracotta-roof home is accessed via a portico entryway.

    Noel Kleinman Photography

    Originally built in the 1940s and retaining some of its original details, the gated structure rests on a 2.6-acre parcel and offers sweeping coastline views. The compound is “filled with love and musical creativity,” per the listing, which is held by Pamela Van Ierland with the Malibu office of Coldwell Banker Realty.

    As for the primary dwelling, the interiors are adorned throughout with dark hardwood floors, limestone accents, vintage light fixtures, and Spanish-tiled baths. Highlights include a spacious great room displaying a grand fireplace topped by hand-carved skylight covers (a personal touch from Petty). Also standing out is a gourmet kitchen with skylights, a central island, and an adjoining butler’s pantry, as well as a fireside dining room that seats up to 16, a wood-paneled library/TV area, and a music room where the rocker composed many of his popular tunes.

    The lush grounds are spotlighted by a pool and spa.

    Noel Kleinman Photography

    RELATED: One of L.A.’s ‘Most Interesting’ Estates Lists for $15 Million

    Elsewhere are a gym and a massage/yoga room, along with a sumptuous primary suite that sports a fireplace, French doors spilling out to a fountain-clad patio, a large walk-in closet, and a luxe bath equipped with a vanity station and another fireplace. Three more en-suite guest bedrooms open to a courtyard holding a seating area and a “dedicated study zone,” per marketing materials, with the lush grounds also hosting a pool and spa surrounded by a sundeck.

    In addition to the for-sale home, Petty’s estate still lays claim to a modest Pacific Palisades house. His oceanfront Malibu beach house swiftly sold to Canadian hotel mogul Salim Sayanin in early 2023 for nearly $10.3 million, or $400,000, over the asking price; and late last year, the musician’s widow, Dana York, paid $6.6 million for a revamped 1920s Spanish Colonial Revival-style home in L.A.’s Holmby Hills neighborhood. More

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      in Luxury

      Yolanda Hadid’s Former Malibu Mansion Just Hit the Market for $35 Million

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      When this Malibu home first appeared on The Real Housewives of Beverly Hills back in 2013, the Mediterranean-inspired villa generated plenty of buzz for its poshly decked-out interiors. Viewers particularly swooned over the glass-front produce fridge, which even had its own social media accounts. Its then-owner Yolanda Hadid has since moved on to other residential circumstances—first to a penthouse in L.A. and then a farm in Pennsylvania—and her TV-famous former digs have just popped up for sale, asking a speck under $35 million.

      The former model and TV personality—mother to models Gigi, Bella and Anwar Hadid—acquired the property in 2007 for $4.5 million. She then set about extensively rebuilding every inch of the place that she would go on to share with her erstwhile Grammy-winning composer husband David Foster, working in collaboration with a reported team of 100 builders. Hadid sold the six-bedroom, 11-bath mansion eight years later, in 2015, for $19.5 million to Vista Equity Partners founder Robert F. Smith and his model wife Hope, who leased it out for $450,000 a month in 2019 to reality TV star and beauty mogul Kylie Jenner.

      The estate’s palm tree-laced grounds are spotlighted by an infinity-edge swimming pool.

      Juwan Li Photography

      Personal touches added to the residence during Hadid’s tenure include resort-style grounds spotlighted by an infinity-edge pool, a fire pit, an al fresco dining area, and a hillside lemon orchard. There’s a kitchen featuring an eat-in island, top-tier stainless appliances, a breakfast room, and that ever-popular fruit and vegetable refrigerator (aka a “frantry”), plus a formal dining area that sits across from a glam living room.

      Resting on a 3.2-acre bluff-top parcel across Pacific Coast Highway from the ocean, the stucco and terracotta-roof structure is described in the listing held by Daniel Milstein and Aaron Kirman of AKG | Christie’s International Real Estate as the spot “where Mediterranean charm meets Southern California perfection.” Featured is nearly 11,700 square feet of living space on three levels punctuated by soaring ceilings, dark hardwood floors, and walls of glass overlooking sweeping views of the Pacific and Santa Monica Mountains.

      RELATED: ‘Real Housewives’ Star Sonja Morgan Is Selling the Furniture From Her Famed Manhattan Townhouse

      The house’s infamous produce fridge (right) is still prominently featured in the current kitchen.

      Juwan Li Photography; @YolandasFridge/Instagram

      Some of the other standout features include a cozy family room that opens to a covered terrace warmed by a fireplace, as well as a wood-paneled study, a plush movie theater, and a wet bar-equipped game room. There’s also a tricked-out primary suite, which boasts a fireplace, a private balcony, a shelf-lined office nook tucked off to the side, and dual designer showroom closets and luxe baths.

      Relaxation is the name of the lower level’s game. Down there, you’ll find a double wine cellar with room for about 2,000 bottles and a spa oasis replete with a full mirrored gym, massage and cold-plunge rooms, and steam and sauna facilities. The amenities continue outdoors, with an attached four-car garage and a gated motorcourt that has additional parking space for at least 20 vehicles.

      The Dutch-born 60-year-old appeared on the Real Housewives of Beverly Hills for four seasons, from 2012 to 2016. She reportedly left the show to focus on her recovery from Lyme disease and was divorced from Foster in 2015. Today, Hadid reportedly lives a peaceful life on her Pennsylvania farm.

      Click here for more photos of Yolanda Hadid’s former Malibu house.

      Juwan Li Photography More

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      in Vacation Homes

      Exclusive: Pacaso Just Unveiled a New Collection of Co-Owned Luxury Vacation Homes  

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      If you’re thinking about investing in a vacation property this year, you’re not the only one. According to a 2024 trend report from Coldwell Banker, a whopping 40 percent of Americans plan on buying second (or even third) homes within the next year, and those in the market are finding a new way to pay for them, including something called co-ownership.

      Platforms like Pacaso offer buyers one-eighth shares in second homes so they can stay in high-end digs while also splitting the property with other like-minded folks throughout the year. The homes are managed and maintained by Pacaso, which eases the burden of upkeep. The company just launched the Estate Collection, aimed at affluent homeowners with residences available in one-eighth shares, starting at a cool $1 million each.

      “For luxury buyers, co-ownership offers a more convenient and hassle-free experience,” Pacaso CEO Austin Allison told Robb Report. “Pacaso handles everything from design and property management to finding local vendors like cleaners and landscapers. This allows buyers to simply show up, relax, and enjoy their vacation home.” 

      The Bennett Home in California’s Napa Valley is surrounded by vineyards.

      Pacaso

      The Estate Collection includes the most opulent homes in the platform’s portfolio, nestled within desirable, sought-after locations like Malibu, Aspen, Napa, Jackson Hole, and Mexico’s Cabo San Lucas. The newly added properties have all been personally designed by Pacaso, and they come fully furnished with a bevy of lavish amenities for making the houses feel like homes.

      “These buyers, who may have previously owned a traditional second home, may have experienced the challenges of designing, furnishing, and maintaining a multi-bedroom residence in a distant state or even another country, along with the inconvenience of upkeep throughout each season,” Allison said. “Consequently, many buyers have decided they no longer want to deal with the hassles of full vacation home ownership.” 

      The Hillside Home in Carmel, Calif. is priced at $1.63 million per one-eighth share.

      Pacaso

      “One of my favorites from the collection is our Infinite Road home,” adds Allison. “Set on 10 acres in the heart of Napa, the 6,800-square-foot home offers spectacular vineyard and valley views with modern finishes throughout.” Also in Napa, the collection includes the seven-bed, eight-bath Bennett Home. Priced at $1.65 million, the wine country retreat comes with a pickleball court, an outdoor kitchen, a swimming pool, and a fire pit.

      There’s also Hillside Home, a 6,670-square-foot stunner in Carmel asking $1.63 million per share, and Pacific Place, a four-bed new-build in Corona Del Mar priced at $1.2 million. Elsewhere in Wyoming, Harvest Ridge, priced at $1.68 million, is perched atop Spring Creek and sits on five acres in Jackson. Highlights here include a chef’s kitchen, a sauna, a private gym, and, of course, sweeping mountain views. Over in Nantucket, Cedar Isle provides a three-story main house, plus a guest dwelling and access to bike paths and nearby beaches. Spanning 6,800 square feet and priced at $1.48 million, a perk of this waterfront oasis is its swanky home theater.  

      “Because these destinations rarely ever see listings hit the market due to high demand and low inventory,” Allison said, “luxury buyers now have the chance to own a home in competitive markets.”

      Click here to see more photos of Pacaso’s new Estate Collection.  

      Pacaso

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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      in Luxury

      An Oceanfront Malibu Retreat Sells to Affordable Housing Guru for a Pricey $38 Million

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      Roughly seven years after it first popped up for sale with an impressive $57.5 million ask, a blufftop mansion in western Malibu’s desirable Encinal Bluffs neighborhood officially traded hands last month for a discounted but still hefty $38.4 million—ranking as one of 2024’s top five priciest Los Angeles County deals.

      Property records reveal the buyer is Andrew Schwartzberg, managing partner of Washington, D.C.–based Pennant Housing Group, which specializes in the preservation, development and acquisition of affordable housing properties throughout the U.S. He also serves as a principal of SSC Partners, the Affordable Housing Management Group and Subsidized Rental Housing Investments, which collectively own more than 25,000 low- and moderate-income rental units.

      The sellers, per The Real Deal, were investors Mark Cirlin and Man Li-Yeh, who paid Friends co-creator Marta Kauffman and her now ex-husband Michael Skloff $10.7 million for the home back in 2017. The investors subsequently spent several years and millions more razing and rebuilding the premises in collaboration with architect Doug Burdge.

      Schwartzberg’s newly acquired Cape Cod-style residence is perched atop a gated blufftop parcel spanning 1.7 acres and offering sweeping ocean vistas. There’s a two-story, elevator-equipped main home rife with wide-plank oak floors and floor-to-ceiling windows, plus a separate guesthouse—for a total of six bedrooms and eight baths filtered across roughly 4,000 square feet.

      Among the highlights: a spacious great room showcased by a fireplace, built-in cabinetry and a wall of custom French doors spilling out to a terrace. An adjacent gourmet kitchen is outfitted with a stone-topped island, top-tier appliances and a breakfast nook with banquette seating, while other amenities include an office and a formal dining room.

      Elsewhere is a lavish upstairs primary suite resting beneath a high arched ceiling, and sporting a wraparound ocean-view balcony, fireplace, and dual closets and spa-like baths; and outdoors, the picturesque grounds host a pool and spa, an open-air pavilion warmed by a fireplace, a sunken fire-pit, and an al fresco kitchen with a grill, pizza oven and two stone-clad bars. There’s also an attached two-car garage flanked by a motorcourt, along with steps leading down to a secluded beach.

      In addition to his new Malibu property, Schwartzberg and his wife Jaime have long owned another lavish Los Angeles home—a $16.5 million, 3.4-acre spread in the Pacific Palisades enclave of Rivas Canyon, which has eight bedrooms and 12 baths in over 10,000 square feet of living space. More

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      in Luxury

      Kanye West Is Now Facing an $18 Million Loss on His Tadao Ando-Designed Malibu House

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      Four months ago, Kanye West put his infamously wrecked Malibu house on the market, asking a steep $53 million. To nobody’s particular surprise, there were no takers. This week, the price tag was slashed all the way down to $39 million by the home’s listing agent, Selling Sunset star Jason Oppenheim.

      It’s worth noting that the current ask is a staggering $18 million less than what West himself paid for the place less than three years ago, back in September 2021. The music mogul-turned-Yeezy fashion designer shelled out $57.3 million—in cash—for the 4,000 square foot residence, which was completed circa 2013 and designed by famed Pritzker Prize-winning Japanese architect Tadao Ando.

      But it remains unclear if West ever spent a night at the oceanfront home, which sits cheek-to-jowl between two other houses on surfer-friendly Malibu Road. Almost immediately after he bought it, West set about tearing the place apart, ripping out all the windows, doors and interior finishes. The formerly four-bedroom, five-bath house is now a vacant and uninhabitable concrete shell, with its rooms open and exposed to the unforgivingly corrosive sea air.

      Shortly after buying the house in 2021, West tore out all the furnishings and fixtures, leaving it a concrete shell.

      Backgrid

      Despite the big price reduction, buyers should be warned that the house will require many months and likely millions of dollars in renovation costs. And the current $39 million ask, while substantially improved, is a lofty figure. Other homes along this same stretch of sand typically top out around $20 million—and that’s for a brand-new or freshly rehabbed residence.

      Still, those other homes lack a Tadao Ando pedigree. West’s Brutalist white elephant remains one of only a handful of U.S. buildings designed by the 82-year-old, who’s been called “Hollywood’s favorite starchitect” and whose homes are “the hottest must-have[s] among the super wealthy.”

      Last year, Jay-Z and Beyoncé paid $190 million for a different—and substantially larger—Malibu estate designed by Ando, an amount that remains the most ever paid for a California home. Kim Kardashian is planning to built an extravagant Ando-designed vacation mansion near Palm Springs. In 2021, Slack co-founder Stewart Butterfield and his wife Jen Rubio dropped $40 million to buy a Tom Ford’s Ands-designed New Mexico ranch.

      West, who remains one of the world’s most successful record producers and one of the best-selling musicians of all time, seems to be shifting away from real estate ownership—when he’s not out traveling the globe with wife Bianca Censori, he frequently bunks up for months at a time in some of L.A.’s poshest hotels, including the oceanfront Nobu Ryokan. More

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      in Luxury

      Facebook’s Former CFO Drops a Record $52 Million for a Mansion on Malibu’s Point Dume

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      Three years ago, after many years of living in California‘s Silicon Valley, Gideon Yu traded his Atherton mansion for the bright lights of Los Angeles. The veteran technology executive and his longtime wife Susie dropped $9.5 million on a large house in the suburban neighborhood of Sherman Oaks, where the couple has quietly resided ever since.

      But with the heat of summer approaching, the Yus have done what countless other wealthy L.A. families before them already did—they’ve bought an expensive vacation home in the seaside town of Malibu. Records indicate the Yus were the buyers who recently shelled out $52 million—in cash—for a blufftop estate on Malibu’s Point Dume.

      Never on the market, the $52 million house recently underwent a major contemporary remodel.

      Google Earth

      That sale price ranks as the most ever paid for a single-family house on Point Dume, a neighborhood known for its many famous faces. Current residents include Bob Dylan, Sean Penn, Chris Martin, Julia Roberts and Owen Wilson; also in the area are high-profile businesspeople and political figures—Google co-founder Sergey Brin, Jordan’s King Abdullah, billionaire hedge fund manager Chase Coleman and Jeff Bezos, who rents a compound owned by Kenny G.

      Because Yu’s new house was never on the market, photos are scant and current details few. But the 0.76-acre property last sold in summer 2020 for $22 million to Stuart and Stephanie Liner, the married real estate developers who have bought and flipped dozens of other luxury estates in the Los Angeles area.

      At the time of the Liners’ acquisition, the blufftop compound was an extravagant fixer, supremely well-located but saddled with dated interiors and amenities. The couple subsequently embarked on a multi-year, multimillion-dollar remodel that transformed the 1980s modern-style structure into a chicly contemporary home that happens to feature unobstructed ocean views.

      The house sits behind gates and a full-size, lighted tennis court.

      James McClain

      Robb Report is not sure if these figures are still accurate, but tax records say the house offers five bedrooms and seven bathrooms in about 6,000 square feet of living space. There’s also a full-size tennis court and a backyard swimming pool overlooking the Malibu coastline. Naturally, the residence also transferred with a coveted key to Little Dume Beach, the semi-private and difficult-to-access beach that lies just below the cliffs of Point Dume.

      The clifftop property happens to sit right next door to Johnny Carson’s former compound, which was sold in 2019 for $40 million to billionaire Juul investor Riaz Valani. The previous Point Dume sales record was held by another blufftop mansion that transferred for $49 million in early 2022.

      Yu, 52, has held multiple high-level tech executive positions over his career, including at both Yahoo and YouTube. However, he’s perhaps best-known for serving as CFO of Facebook from July 2007 until March 2009. Despite Yu’s relatively short stint as CFO, unconfirmed reports say he may have left the social media giant with as much as $500 million in stock.

      Today, Yu is a private investor and a member of the ownership group that controls the San Francisco 49ers football team. In 2012, he became the first president of color in NFL history. More

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      in Luxury

      ‘Rustin’ Star Colman Domingo Picks Up a Glassy Ed Niles-Designed Architectural in Malibu

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      Last summer, a particularly striking Malibu residence crafted by modernist architect Ed Niles popped up for sale in the coastal hills of Ramirez Canyon with a $6.4 million price tag. Now, nine months and a couple of price chops later, that place has officially sold to veteran stage and screen actor Colman Domingo for a discounted $4.4 million.

      Nestled atop a 1-acre parcel of land, within an exclusive gated enclave offering tunnel access to Paradise Cove Beach, the property was completed in the early 1970s and has since been remodeled. Connected via a skybridge and staircase are two separate buildings—one the contemporary steel-and-glass main house, and the other holding a bonus room, bathroom and walk-in closet—for a total of four bedrooms and a matching number of baths in a little more than 4,100 square feet.

      As for the primary residence, its minimalist interiors are laced throughout with white porcelain floors, high ceilings and vast expanses of glass framing views of the natural surroundings from almost every vantage point. Upon entry, a spacious living room is spotlighted by a wet bar and central floating staircase, while the rear of the house sports a family room, dining area, and sleekly designed kitchen outfitted with custom cabinetry, white quartz countertops, an eat-in island and top-tier Bertazzoni appliances.

      Upstairs, a swanky primary bedroom suite boasts a walk-in closet, as well as a spa-like bath equipped with dual vanities, a large marble shower and an oval sunken tub resting atop a wooden platform; and outdoors, the grassy grounds host a pair of patios, the main one warmed by a fire-pit and another connected to the bonus-room structure. There’s also an attached two-car garage, plus additional parking for four more vehicles.

      A Philadelphia native, the 54-year-old actor has spent 30-plus years honing his craft for stage and screen. Domingo’s first leading role came as openly gay black Civil Rights leader Bayard Rustin in the George C. Wolfe-directed historical drama Rustin, for which he earned his first Oscar and Golden Globe nods. He’s also appeared in The Color Purple, Selma, Ma Rainey’s Black Bottom, Fear the Walking Dead and Euphoria, the latter of which earned him a 2022 Emmy for “Outstanding Guest Actor in a Drama Series.” He’s got a handful of Tony nominations under his belt to boot.

      In addition to his new Malibu home, Domingo and his longtime husband Raúl Domingo also own a Jules Salkin-designed midcentury house in the Southern California town of Downey that they paid just over $1 million for back in late 2018. The revamped digs were subsequently featured in Architectural Digest. More

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      in Luxury

      ‘Star Wars’ Filmmaker Kathleen Kennedy Sells Malibu Beach House to Prominent Video Game Exec

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      Eight months after it first popped up for sale with an impressive $18.5 million ask, Lucasfilm President Kathleen Kennedy and her producer husband Frank Marshall have officially handed over the keys to their longtime Malibu getaway.

      The new owner is digital media and technology veteran Tim O’Brien, chief revenue officer and board member of the interactive entertainment company and mobile games publisher Scopely, who paid roughly $6 million less than the couple originally wanted. But it’s still around $3 million more than the Oscar-nominated filmmakers—collectively known for blockbuster hits such as E.T., Indiana Jones and the Star Wars franchise—doled out for the place nine years ago, back in spring 2015.

      Perched atop a gated 2.2-acre promontory in the exclusive Carbon Mesa enclave, at the end of a secluded cul-de-sac high above La Costa Beach, the modern gray-hued structure was built in the mid-1990s. Renovated in the years since, the single-story home includes four bedrooms and an equal number of baths filtered across nearly 4,000 square feet of living space adorned throughout with wide-plank hardwood floors, high ceilings and walls of glass providing sweeping coastal vistas.

      Among the highlights: an expansive great room holding a living area resting beneath a vaulted wood-beam ceiling, and sporting a decorative fireplace, seated bar and Fleetwood sliding glass doors spilling outside. The formal dining room opens to a garden, while a gourmet kitchen is outfitted with an eat-in island, top-tier stainless appliances and a cozy fireside breakfast nook.

      Elsewhere is a spacious primary bedroom suite that comes complete with a fireside sitting area, private patio, large walk-in closet, and luxe bath equipped with dual vanities, a spa tub and glass-encased shower; and outdoors, the leafy grounds host an infinity pool and spa, a built-in barbecue, custom fire-pit, several lounging areas and an al fresco shower. There’s also a detached two-car garage and an additional gated entrance for guests or services, plus deeded rights to the La Costa Beach & Tennis Club.

      In addition to their recently sold Malibu property, Kennedy and Marshall also still maintain a permanent residence in the Sullivan Canyon area of Los Angeles that was previously owned by Bea Arthur. More

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      in Luxury

      A Celebrity Hairstylist Just Dropped $8 Million on a Scenic Malibu Estate

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      Social media savvy celebrity hairstylist and haircare entrepreneur Jen Atkin has traded in her chicly renovated home in L.A.’s suburban neighborhood of Tarzana for an impressive blufftop estate in the rugged hills of Malibu. where she and her husband, fashion photographer Mike Rosenthal, have splashed out about $8.1 million for a 5,000-square-foot, Tuscan-influenced mansion with supremely dramatic ocean views.

      Atkin paid $4.5 million for the Tarzana place in early 2021 and just flipped it—in an off-market deal—for $6.2 million to Melissa Mowbray-d’Arbela, an investor and the ex-wife of former Canada Pension Plan Investment Board CEO Mark Machin. Built brand new in 2017, and set behind gates on about two-thirds of an acre at the head of a horseshoe driveway, the home incorporates a number of architectural genres, from a classic, low-slung California ranch house to a shingled and whitewashed East Coast traditional to the ubiquitously trendy “modern farmhouse” style that has proliferated across L.A. over the last handful of years.

      Sited high above Pacific Coast Highway at the end of a narrow and winding road, the gated compound offers many resort-style amenities.

      As for the Malibu compound, it was designed by acclaimed architect Marc Appleton, built new in the early 2000s and last sold in late 2021 for $7.7 million, per records. In addition to a two-story main house, which will no doubt be given a fashionable overhaul by Atkin, the 1.3-acre property also includes a detached two-car garage and a wee guesthouse/studio building, plus a large rectangular swimming pool, a full-size tennis court and wraparound patios ideal for grand-scale al fresco entertaining. The main house packs in four bedrooms and four bathrooms, nearly all of which are blessed with 180-degree coastline views—from the sunrise at Palos Verdes peninsula and Catalina island, to the sunset over Point Dume and Channel Islands.

      Atkin continues to maintain a strikingly contemporary vacation home in Seattle, which was featured in a 2022 issue of Architectural Digest. Located on the shores of Lake Washington, that $4.6 million house was designed by architect Peter Cohan and offers five bedrooms and 4.5 baths in about 5,400 square feet.

      The haircare mega-influencer, who the The New York Times once called “The Most Influential Hairstylist in the World,” and who boasts 5.3 million Instagram followers, has long cut and pressed the tresses of a loyal celebrity clientele who include Katy Perry, Jennifer Lopez, Chrissy Teigen, Gigi and Bella Hadid, and the entire Kardashian family. The Utah native, 44, is also the founder of uber-successful hair care product line OUAI, creator of a range of hair extensions and accessories, the author of the cheekily titled self-help memoir “Blowing My Way to the Top,” and the founder of the digital magazine ManeAddicts.com. More