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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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      Stevie Wonder Once Called This SoCal Estate Home. Now It Can Be Yours for $15 Million.

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      If you’ve always wanted to live like a legendary singer and songwriter with countless hits and awards under his belt, now’s your chance. The sprawling SoCal estate where Stevie Wonder resided with his family for over a decade has just popped up for sale in the Los Angeles suburb of Calabasas, asking $15 million. The listing, which is also available for rent at $65,000 a month, is shared by Branden Williams, Rayni Williams, Dennis DeWalt, and Brandon Meneses of The Beverly Hills Estates.

      Wonder purchased the home in October 2000 for nearly $2.9 million for his then-soon-to-be wife, clothing designer Kai Millard (Milla) Morris. Though the I Just Called to Say I Love You crooner moved out after their 2012 divorce, she has remained in the residence ever since and is now selling because their two sons are grown, according to The Wall Street Journal.

      A music room holds Wonder’s rare Bösendorfer piano, which is not included in the sale.

      J.R. Foto

      RELATED: J.Lo and Chris Judd’s SoCal Wedding Pad Sails on the Market for $7.2 Million

      Built in 1992 and recently renovated, the white stucco and terracotta-roof structure is tucked away on a nearly three-acre hillside parcel within the exclusive gated Hidden Hills West neighborhood. Six bedrooms and an equal number of baths are spread across more than 11,100 square feet of three-level living space that boasts the same acoustically ideal, high ceilings the 25-time Grammy-winning musician enjoyed while practicing and singing tunes with his family.

      Upon entering the massive pivoting wood front door, a double-height marble entry foyer displaying a spiral staircase flows to a formal fireside dining room topped by a pendant ring-shaped light fixture. Other highlights include a family room sporting a trio of picture windows, a wet bar, and wine storage, plus a gourmet kitchen decked out with chevron-patterned parquet wood floors, custom cabinetry, a book-matched marble eat-in island, and top-notch Miele and Sub-Zero appliances.

      A freeform pool and spillover spa are bordered by a sundeck surrounded by landscaped gardens.

      J.R. Foto

      RELATED: NBA Star Spencer Dinwiddie’s SoCal Home Just Listed for $7.7 Million

      Holding court upstairs is an office with a marble fireplace and gold-leaf chandelier, along with a junior primary suite that has its own living room. A spacious primary suite comes with dual seating areas divided by a two-way fireplace, a private balcony, a bespoke walk-in closet, and a luxe bath spotlighted by a steam room and an infrared sauna.

      Elsewhere is a lower level holding an en suite guest bedroom and a butler’s kitchen. A living room connects to a dedicated piano room, which has glass doors spilling out to picturesque grounds hosting a grassy lawn and a freeform pool with a spillover spa. Out front, an attached four-car garage and a cobblestone motor court are accessible via a gated driveway.

      The 74-year-old Michigan-born musician, who married Tomeeka Robyn Bracy in 2017, maintains a substantial real estate portfolio. There’s a handful of homes and commercial properties across L.A., including a house in the Hollywood Hills, as well as a big house in Alpine, N.J., and his childhood home in Detroit.

      Click here for more photos of the Calabasas residence.

      J.R. Foto

      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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      in Luxury

      David Spade’s Former Malibu Home Is Up for Rent at $59,000 Per Month

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      Richard Saghian has long been active on the SoCal real estate scene, where he’s known for investing in ultra-luxe properties. Back in 2022, the founder and CEO of the apparel juggernaut Fashion Nova famously doled out $141 million at auction for The One megamansion in the Bel Air neighborhood of Los Angeles. Less than a year later, though he already owned an oceanfront residence in Malibu, he splashed out another $40 million in an all-cash deal for a larger home along ritzy Carbon Beach. Now he’s hoisted his first Malibu home, this one on coveted La Costa Beach, on the rental market, asking a hefty $59,000 per month.

      With four bedrooms and an equal number of baths spread across almost 3,800 square feet of fully furnished living space on two levels, the coastal spread offers more than enough room for any like-minded billionaire to relax in complete comfort and style. Saghian purchased the property from Netflix co-CEO Ted Sarandos and his wife Nicole Avant in spring 2021 for a speck over $14.7 million in cash, which is $4.5 million more than the couple paid comedian and actor David Spade for the place in 2013.

      The glass-lined living and dining area steps up to a cozy family room.

      Tyler Hogan

      RELATED: ‘Dumb and Dumber’ Producer Brad Krevoy Lists His Ocean-View Malibu Estate for $8.5 Million

      Saghian’s newly listed rental is secured from bustling Pacific Coast Highway behind a two-car garage and a gated entry that opens into a brick courtyard accented by a stone Buddha fountain and flowering bougainvillea plants. There’s also a dark-bottom plunge pool and a cabana that’s equipped with a seated bar. Originally built in 1996, the Mediterranean-influenced villa underwent an extensive renovation during Spade’s ownership, complete with dark hardwood floors, high ceilings, and multiple sets of arched glass French doors spilling out to an expansive oceanside deck ideal for alfresco lounging and entertaining.

      The quarter-acre property is centered around a brick courtyard hosting a dark-bottom plunge pool.

      Marc Angeles

      RELATED: Inside a $10 Million Malibu Beach House That Feels Like You’re Floating on the Ocean

      Main-level highlights include a combined living and dining area with a fireplace and steps leading up to a cozy family room, as well as an adjacent kitchen outfitted with top-tier Viking appliances and a breakfast bar. A sky-lit staircase heads upstairs, where a fireside primary suite boasts a balcony, a separate den/office, and a spa-inspired bath spotlighted by a large oval soaking tub.

      The rental listing, which includes a onetime $118,000 security deposit, is held by Branden Williams and Rayni Williams of The Beverly Hills Estates and Stuart Vetterick of Westside Estate Agency.

      Click here for more photos of the La Costa Beach residence.

      Marc Angeles

      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…

      Read More More