David Geffen sells Malibu home for record price

David Geffen has officially sold his Malibu home for a record $85 million. But, that number fell short of the $100 million he had hoped to make on the oceanfront residence.

The gated, two-story property is situated on Malibu’s Carbon Beach and has two guest houses, a swimming pool and spa, a theater, a gym and an outdoor living room with fireplace.

TMZ reports the art in the house was not included in the price, which alone is estimated to be in the hundreds of thousands of dollars. The buyer is not known, but The Hollywood Reporter was told it is a well-known businessman.

The last record-high sale was of an estate on Encinal Bluffs, also in Malibu, which sold for $75 million in 2013.

Westside Estate Agency’s Kurt Rappaport represented both the buyer and the seller and did not wish to comment on the sale.

Courtest: Hollywood Reporter

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend