Former Disney Boss Michael Eisner Lists Malibu Estate With Record-Setting $225M Price Tag
Former Disney CEO and chairman Michael Eisner, 80, has put his Malibu estate on the market and is looking to pull California’s largest-ever price tag for a home sale.
If met, the compound’s staggering $225 million price tag would pull in nearly $50 million more than California’s previous home sale record, when billionaire Marc Andreessen paid $177 million for his Malibu estate last year. The U.S. record is currently held by hedge fund manager Ken Griffin, who paid $238 million for a New York City penthouse in 2019.
Eisner first bought the property on which the estate was founded in the 1990s and has purchased at least four adjacent parcels since. According to the L.A. Times, the property’s value comes from it’s “unrivaled scope and somewhat-secret location.”
Eisner owns nearly five acres of land overlooking Watkins Cove, a beach which is nearly inaccessible to the public due to the area’s tide. There are nine stone buildings spread out across the property including the main house, several guest houses, an office, a private gym, and a pool. There is also an elevator which connects to an oceanfront cabana.
The compound was designed by Robert A.M. Stern Architects, the firm that also designed Disney’s feature animation “hat” building in Burbank. Eisner’s relationship with Stern dates back to the early 1970s, when Stern designed a Manhattan apartment for Eisner’s parents.
Eisner is a key figure in Disney history, responsible for the studio’s resurgence in the 1980s and 1990s. He was CEO of the company from 1984-2005, and he accumulated his wealth at Disney during a period which saw the company revive its animation division and produce classic films such as Who Framed Roger Rabbit, Beauty and the Beast, The Little Mermaid, Aladdin, The Lion King, and many more.
Eisner’s net worth is not fully known, but it is understood to be in the billions. He owns and operates the private investment firm The Tornante Company, which is still heavily involved in production. Among its diverse portfolio – the company’s assets include Bazooka Candy Brands and English soccer club Portsmouth FC – Tornante also funded animated series including Netflix’s Bojack Horseman and Prime Video’s Undone.
Westside Estate Agency is handling Eisner’s listing, which is located at 33550 Pacific Coast Highway, Malibu, CA 90265. More photos of the estate can be seen on the Stern Architects website.
Photo at top courtesy of Westside Estate Agency.
