Howie Mandel Sells to Billionaire Producer Ryan Kavanaugh

BUYER: Ryan Kavanaugh
SELLER: Howie Mandel
PRICE: $7,000,000
SIZE: 5,865 square feet, 6 bedrooms, 7 bathrooms

YOUR MAMAS NOTES: In October 2009 venture capitalist turned prolific and highly successful movie producer Ryan Kavanaugh (Don Jon, The Girl With the Dragon Tattoo, Little Fockers, Salt) paid class action attorney Thomas W. Girardi* $7,000,000 for an four bedroom and two bathroom ocean front house on Malibu’s La Costa Beach. The newly minted billionaire (and his ballet dancer wife, Britta Lazenga) pushed the 2,880 square foot beach house back on the open market not quite two years later with a much increased $10,500,000 price tag. By the time the house was taken off the (open) market in May 2012 the price had dropped to $8,500,000.

About a month and a half ago, at least according to Your Mama’s research on the internets, Mister and Missus Kavanaugh’s beach house (above) popped up as a rental at a rate of $40,000 per month in the off season and $70,000 per month for summer months. (Listing details Your Mama turned up from 2011 state the “beach front haven” had been “recently renovated and updated” and current listing details show it was “renovated in 2013 with remarkable detail.”) Mister and Missus Kavanaugh’s beach house is also available for sale with an unnecessarily complicated asking price of $12,130,130.

According to the always reliable real estate yenta Yolanda Yakketyyak the Kavanaugh couple’s decision to put their La Costa crib up for lease may (or may not) have something to do with his November (2013) acquisition of a mysophobic comedian/game show host Howie Mandel’s land-locked mini-compound in the much-coveted and celeb-studded Point Dume area of Malibu.

Popular on Variety

Mister Mandel first hoisted the 1.04 acre property with its Doug Burdge-designed residence on the open market in late 2011 with an asking price of $7,250,000. The property was taken off the market in the second week of 2013 only to pop back up two days later with a curiously increased price tag of $7,750,000. Property records and other digital resources show Mister Kavanaugh—through the same opaquely named trust that owns his La Costa Beach house—shelled out exactly $7,000,000 for the gated property that listing details rather generously describes as “One of the finest homes ever conceived in this exclusive seaside community.”Certainly the house is luxurious and well-equipped and finished with high-quality materials to exacting standards but one of the finest homes in Malibu? Well, we’ll let the children duke that hyperbole out in the comments.

The 5,865 square foot main house—a Cape Cod/Nantucket-y sort of thing—has five bedrooms, 5.5 bathrooms, formal living and dining rooms, an open concept kitchen/family room, an office and a petite screening room. Additional living quarters are contained in a separate one bedroom and 1.5 bathroom guest/pool house. Lower level rooms open out to large, ocean view terraces, a stacked stone outdoor fireplace and a built-in barbecue. Beyond the heated swimming pool and slightly raised spa (with adjacent built-in fire pit) there’s a lawn large enough to a children’s soccer match or a more adult-oriented round of strip croquet.

Mister Mandel, according to Your Mama’s brief perusal of property record, still owns a nearly 13,000 square foot mansion in the affluent guard-gated equestrian-oriented suburban enclave of Hidden Hills in the far western reaches of L.A.’s San Fernando Valley.

As for Mister Kavanaugh, well, we’re not sure what—if any—other properties he holds in his personal portfolio but we do know—thanks again to good ol’ Yolanda and again confirmed with property records—that in December 2011 he paid actor Dennis Quaid and his estranged wife Kimberly Buffington Quaid $9.5 million for a 1.96-acre, horse-friendly compound in the Mandeville Canyon area of Pacific Palisades that he was lucky enough to flip in September 2012 for $11.2 to former beauty queen turned actress/fit model turned designer denim queen Paige Adams-Geller and her apparel industry veteran husband, Michael Geller.

*Mister Girardi, in case his name does not ring a bell, is the fella who litigated the trial that inspired the Oscar-winning Erin Brockovich movie.

listing photos (Malibu): Pritchett-Rapf & Associates
listing photos (Pacific Palisades): Sotheby’s International Realty 

More Dirt

  • Jeffree Star House Hidden Hills

    Jeffree Star Drops $14 Million on Enormous Hidden Hills Compound

    Wigs are flying and the entire city of Calabasas is currently “shook,” as it were, because word on the street is that Jeffree Star wants a new mansion. And this time, the Lamborghini-driving YouTube superstar is not playing around. In a deal that closed today, Star and his longtime boyfriend — skateboarder Nathan Schwandt — [...]

  • George Lucas House

    George Lucas Drops $28 Million on Beach House Next Door

    Semi-retired filmmaker George Lucas, whose money-minting “Star Wars” franchise has more than half a dozen film and television projects in various stages of production, has considerably and at great expense expanded his already substantial property holdings along an exclusive stretch of beach in the California seaside community of Carpinteria, spending $28 million in an off-market [...]

  • Philip DeFranco House Los Angeles

    YouTube's Philip DeFranco Buys Encino Tennis Court Estate

    Perhaps the biggest professional challenge for “career” YouTubers is staying relevant in an era of breakneck change. While most of their fellow vloggers have since fallen by the wayside, a handful of veteran influencers — Shane Dawson, Ryan Higa, Jenna Marbles and Trisha Paytas among them — have managed to maintain to parlay their initial [...]

  • Ken Olin House

    Ken Olin and Patricia Wettig Pick Up Venice Scandi-Modern

    Primetime drama staples Patricia Wettig and Ken Olin, he a veteran actor, director and three-time Emmy-nominated producer for the NBC megahit “This Is Us,” and she a three-time Emmy-winning actor for the early 1990s baby boomer series “thirtysomething,” have shelled out $4.5 million for an arresting, Scandi-Modern residence in a quiet, slightly out-of-the-way cranny of [...]

  • David Chase House

    David Chase Snags Santa Monica Villa

    Seven-time Emmy winning TV producer David Chase, creator of the HBO cult-favorite mob series “The Sopranos,” has splashed out nearly $6.7 million for an extensively updated 1930s Spanish villa in a particularly plum Santa Monica, Calif., neighborhood. Presiding over a slightly elevated corner parcel of about a quarter-acre and measuring in at almost 4,700 square [...]

  • The Weeknd Penthouse

    The Weeknd Drops $21 Million on L.A. Penthouse

    Not only has The Weeknd dropped a couple of hotly anticipated singles from his upcoming album over the last week, well-placed sources on the celebrity real estate street swear the Diamond-certified alt-R&B superstar has also dropped somewhere in the neighborhood of $21 million on a mansion-sized condominium in a posh boutique building along Los Angeles’s [...]

More From Our Brands

Access exclusive content