You will be redirected back to your article in seconds

Sheldon Adelson Drops $14 Million on Malibu Colony House #8

Karen Schetter
Malibu, Calif.
$14.7 million
3,984 square feet, 4 beds, 4 baths

Octogenarian self-made billionaire Sheldon Adelson — the world’s 17th-wealthiest human, per Forbes — seems increasingly intent on buying up all of Malibu Colony, the guard-gated oceanfront community legendary for its slew of famous past and present residents. In a deal that closed today, he’s sliced out just over $14.7 million for his eighth property in the neighborhood.

Over the last few years, Adelson — who’s owned a custom-built Colony vacation home since the 1990s — has famously spent nearly $70 million buying up additional properties in the gated enclave. Not all of the newly purchased homes are contiguous, though this latest acquisition does happen to sit directly between two other oceanfront houses already owned by Adelson.

Built in 1930 but since extensively renovated, the nearly 4,000 sq. ft. structure is done up in a “French Country Villa” style, per the listing. There are four bedrooms and four baths, a two-car attached garage, an open-concept great room with fireplace, and a gourmet kitchen with one of those fiendishly expensive La Cornue ranges.

Other amenities include a media room, an elevator, an ocean-view master suite with a private terrace and outdoor hot tub, and a finished attic that services as a spacious office. The main level also has a sprawling outdoor patio with a fireplace and BBQ station, while a short flight of wooden leads down to the sandy beach.

Popular on Variety

The property was sold by a non-famous woman who had owned the house since 2001, when she and her longtime husband — a real estate investor-turned-vintner — bought it from actor-turned-environmentalist Ed Begley Jr. Some of the other neighboring Colony homes — the ones not yet acquired by Adelson, that is — are owned by Sting, Rob Reiner, Tom Hanks and Rita Wilson, Paul Reiser, Pamela Anderson, Jason Statham and John McEnroe.

Adelson, a majorly influential donor to Republican causes, and his family have a well-documented penchant for outrageously lavish real estate. Besides his eight-property vacation compound in Malibu, there’s also his main residence: a titanic, custom-built megamansion in Las Vegas that reportedly weighs in with more than 44,000 square feet of interior space and sports its own private waterpark, not to mention 20 bathrooms.

And back in 2015, Adelson’s stepdaughter Yasmin Lukatz forked out $35.3 million in cash for a sprawling spec-mansion up in the shockingly expensive Silicon Valley town of Atherton, Calif.

Chris Cortazzo of Compass held the Malibu listing; Chad Rogers of Hilton & Hyland repped Adelson.

More Dirt

  • Lauren London House Sherman Oaks

    Lauren London Buys in Sherman Oaks

    She’s mostly kept a low profile since the March 2019 death of her longtime partner, Grammy-winning rapper-activist Nipsey Hussle, but film and television actor Lauren London recently inked a $1.7 million off-market deal for a fresh residential start in the form of a charming L.A. cottage. The updated Spanish-style structure, originally built in 1949, is [...]

  • Where Celebrities Stay in L.A.

    So Where Do A-Listers Stay When Just Visiting L.A.?

    The famous and infamous buy and sell astronomically expensive homes without breaking a sweat. But what happens when they’re in L.A. temporarily and just need a crash pad? Turns out, the list of required amenities isn’t any shorter when the entertainment industry’s one-percenters are only passing through. “There’s a premium on desirable rentals because there [...]

  • Mamie Gummer House Los Angeles

    Mamie Gummer’s Boho-Chic L.A. Cabin for Sale

    Up and coming actor and showbiz scion Mamie Gummer, daughter of inestimable Tinseltown treasure Meryl Streep, has hoisted an organic modern cabin in the historic Beachwood Canyon area of Los Angeles up for sale on the open market at close to $1.5 million. Gummer, whose recent TV credits include “True Detective” and “Gods & Heroes,” [...]

  • Christopher Lloyd House Santa Barbara

    Christopher Lloyd Lists Montecito Bungalow

    Christopher Lloyd, probably best known for his role as Doc Brown in the “Back to the Future” trilogy, has a modestly sized cottage in fancy-pants Montecito, Calif., up for sale at just under $1.7 million. The three-time Emmy winner, who made his acting debut in the seminal 1975 film “One Flew Over the Cuckoo’s Nest,” [...]

  • Benny Blanco House Los Angeles

    Benny Blanco Swipes Right on Tinder Founder's $9 Million L.A. Mansion

    An elegant traditional estate conveniently sited in the Hollywood foothills just above the iconic Sunset Strip recently traded hands for nearly $9.2 million. Originally built in the late 1930s, the house was sold by tech tycoon Sean Rad, co-founder of juggernaut dating app Tinder, and acquired by exceptionally prolific songwriter/record producer Benny Blanco. Blanco may [...]

  • Darren Criss House

    Darren Criss Lists Los Angeles Starter House

    Having upgraded late last year to a family-sized home in a celeb-packed pocket of the Hollywood Hills — bit more on that in a minute, recently married “Glee” star Darren Criss now has his starter home in the Los Feliz area of Los Angeles, Calif., up for sale at not quite $1.7 million. Purchased a [...]

  • Felicity Huffman House Los Angeles

    Felicity Huffman, William H. Macy Lease Out Spare L.A. Home

    A few months off an eleven-day stint in prison for her role in the infamous college admissions scandal, Academy Award-nominated actor Felicity Huffman has returned to the normal pace of life, making an investment property she and her longtime husband — fellow Academy Award nominee William H. Macy — available for lease on the rental [...]

More From Our Brands

Access exclusive content