×
You will be redirected back to your article in seconds

David Geffen Lists Small Malibu Cottage at Huge Loss (EXCLUSIVE)

SELLER: David Geffen
LOCATION: Malibu, CA
PRICE: $8,995,000
SIZE: 1,473 square feet, 2 bedrooms, 2 bathrooms

YOUR MAMA’S NOTES: Quick on the heels of selling his longtime compound on Malibu’s über-elite Carbon Beach for a record shattering $85 million, movie and music industry heavyweight David Geffen listed a much more modestly sized yet still exuberantly expensive contemporary cottage half of a dozen doors down the beach for $8.995 million. The not quite nine million dollar asking price is certainly not for the financially faint of heart but it’s also more than a million dollars less than the $9.8 million tax records show the globetrotting multibillionaire paid Hard Rock Café co-founder Peter Morton for the property in February 2008.

The 1,473-square-foot residence was built in 1956 and sits on 45-feet of mega-prime beach frontage. Listing descriptions, which do not include any interior images, show the main part of house has just one bedroom and one bathroom. Glass sliders open the fireplaced living/dining room and the bedroom to a beachside deck that runs the full width of the house while a second bedroom and bathroom provides maximum privacy with a separate entrance off the walled, gated and landscaped entry courtyard.

Mister Geffen, who nowadays spends more time on the East Coast and aboard his ship-sized yacht Rising Sun — at 450-some-feet-long it’s considerably longer than a football field, still owns several homes in Los Angeles including the legendary Jack L. Warner estate in Beverly Hills he picked up back in 1990 for a reported $47.5 million. Though he’s thinned his West Coast portfolio he’s considerably beefed up his East Coast holdings over the last several years. In New York City he owns three units in the same Fifth Avenue apartment house, one of which was briefly listed for sale last year at $27.5 million and another, a titanic 12,000-square-foot triplex, he acquired in late 2012 for $54 million from three-time Grammy nominated pop song writer and international socialite Denise Rich. Mister Geffen also maintains a substantial real estate foothold in the historically hoity-toity Hamptons where last year he shelled out a staggering $70 million for a 2-plus acre oceanfront estate along one of the most prestigious streets in East Hampton.

listing photos: Westside Estate Agency / Pritchett Rapf

More Dirt

  • Emma Stone House

    Emma Stone Lists Showbiz-Pedigreed Beverly Hills Traditional (EXCLUSIVE)

    Busy as a beaver Hollywood darling Emma Stone has her celeb-pedigreed home in the Coldwater Canyon area of Beverly Hills, Calif., up for sale at $3.899 million. Invisible behind a high wall and imposing, camera-secured gates along a serene, little-known lane and previously owned by late British actor and bon vivant Dudley Moore, the expensively [...]

  • Karlie Kloss Condo

    Karlie Kloss and Josh Kushner Seek Buyer for Photogenic Manhattan Condo

    Supermodel and social media powerhouse Karlie Kloss — her Instagram has eight million followers — and fortunately born venture capitalist Josh Kushner have their crisply tailored condo in lower Manhattan’s fashionable Nolita neighborhood up for sale at a price so close to $7 million it might as well be $7 million. The cerebral computer coding [...]

  • Breckin Meyer House

    Breckin Meyer Lands Family-Sized Home in L.A.’s Valley Village (EXCLUSIVE)

    “Clueless” actor Breckin Meyer, all set to appear in the primetime legal drama “The Fix” that premieres next week as well as Seth Green’s soon to be released silver screen directorial debut “Changeland,” has splashed out $2.2 million for a brand-spanking-new, family-sized home just off a busy boulevard in a leafy, upscale pocket of the [...]

  • Chris O'Dowd House

    Chris O’Dowd Snags Vintage 1930s Spanish in Los Angeles (EXCLUSIVE)

    A nearly 100-year-old Spanish bungalow in the affluent Beverly Grove neighborhood of Los Angeles’ Mid-City West area has been sold for nearly $2.15 million and gossipy real estate yenta Yolanda Yaketyyak swears the new owner is Irish actor and comedian Chris O’Dowd and his writer/TV presenter wife Dawn O’Porter. Best known across the pond for [...]

  • Alex Rodriguez House

    Alex Rodriguez Slashes Price of Sunset Strip Bachelor Pad

    Just days after he revealed via Instagram he is to be Jennifer Lopez’s fourth husband, former professional baseball player Alex Rodriguez has radically slashed the asking price of his celeb-pedigreed bachelor pad above L.A.’s Sunset Strip by a pearl-clutching $1.25 million. Although still priced profitably above the $4.8 million the legendary slugger paid leading lady [...]

  • Lucy Hale Selling Studio City Home

    Lucy Hale Aims to Swap Out Homes in Studio City

    Slated to co-star in the upcoming cinematic adaptation of the iconic, famously campy 1970s and ’80s television series “Fantasy Island,” professional whirlwind and former “Pretty Little Liars” star Lucy Hale has her custom renovated canyonside home in the foothills above L.A.’s Studio City available at a smidgen less than $2.5 million. The star of the [...]

  • Mel Gibson Selling Malibu Estate

    Mel Gibson Trims Price for Malibu Estate

    Mel Gibson has trimmed the asking price of his secluded, celeb-pedigreed spread in the ruggedly ritzy mountains above Malibu by just over $350,000, bringing the listing to a whiff below $15 million; the property has spent close to three years on and off the market with fluctuating prices that started at an overly optimistic $17.5 [...]

More From Our Brands

Access exclusive content