David Geffen Sells His Last Malibu Property (EXCLUSIVE)

David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than $800,000 less than the $9.8 million the billionaire businessman paid Hard Rock Cafe co-founder Peter Morton for the property in early 2008.

Just a half-dozen doors down the beach from the much more sumptuous compound he sold earlier this year for a mind-boggling $85 million to Los Angeles Dodgers owner Mark Walter, the almost 1,500-square-foot cottage was built in 1956 and has more than 45 feet of direct frontage on some of the most expensive sand in all of California.

Geffen has long maintained several homes in Beverly Hills, including an unassuming split-level residence he’s owned since 1980 in the Beverly Crest neighborhood, as well as the legendary Jack L. Warner estate he picked up in 1990 for a reported $47.5 million. He also presides over a substantial portfolio on the East Coast.

In addition to a two-plus-acre oceanfront estate along one of the plummiest streets in East Hampton, N.Y., which he bought last year for a whopping $70 million, he owns three units in the same apartment house on New York’s Fifth Avenue, including an elephantine 12,000-square-foot triplex scooped up in late 2012 for $54 million from three-time Grammy-nominated pop songwriter and international socialite Denise Rich.

listing photos: Westside Estate Agency

More Dirt

  • Mel Brooks Malibu House

    Mel Brooks Leases Out Malibu Beach House (EXCLUSIVE)

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • Grant Scharbo House

    Producers Grant Scharbo and Gina Matthews List Hollywood Hills Villa (EXCLUSIVE)

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • Ellen DeGeneres Montecito Estate

    Ellen DeGeneres Makes Off-Market Sale in Montecito (EXCLUSIVE)

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • Tyra Banks Pacific Palisades House

    Tyra Banks Lists Two Homes in Pacific Palisades (EXCLUSIVE)

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • John Legend Manhattan Penthouse

    John Legend and Chrissy Teigen Pick Up Downtown Manhattan Penthouse

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • Tyler Perry Pharrell Los Angeles Home

    Tyler Perry Flips Beverly Hills Mansion to Pharrell

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

  • Charlie Puth Hollywood Hills Home

    Charlie Puth’s Home Sale Hits Him in the Wallet (EXCLUSIVE)

    David Geffen has landed a buyer for the last of his known residential holdings in Malibu, a pint-size contemporary cottage on coveted Carbon Beach that came up for sale earlier this year at just under $9 million. The asking price is certainly forbidding enough to chase off an average millionaire, but it’s nonetheless more than […]

More From Our Brands

Access exclusive content