It appears former CEO of The Walt Disney Company, Michael Eisner, has decided to sell his cliff-top estate in Southern California for what could be the most expensive home sale in The Golden State’s history.
According to The Wall Street Journal.,
Former Disney chairman and chief executive officer Michael Eisner is asking $225 million for his cliff-top compound in Malibu, Calif.
If the deal closes for that amount, the home will be the most expensive ever sold in California and one of the priciest in the world.
The Robert A.M. Stern-designed estate comprises nine structures on roughly 5 acres, connected by gardens and courtyards, according to listing agent Kurt Rappaport of Westside Estate Agency.
The 25,000-square-foot compound in Malibu features, among other things, 16 bedrooms, 28 bathrooms, a movie theater, a pool, an office, and a cliff-side elevator which can be used to access the beach down below known as Watkins Cove.
WSJ states that Eisner and his wife Jane initially bought the land in the 1990s, developing the area and adding surrounding parcels of land to the sum throughout the years. Eisner’s portfolio includes a ranch in Snowmass, Colorado, an apartment on New York City’s Upper East Side, and a mansion in nearby Bel-Air.
From 1984 to 2005, the now-octogenarian ran The Walt Disney Company building the media and entertainment conglomerate. He oversaw the acquisition of movie studios, ESPN, and ABC, as well as the establishment of the Disneyland Paris Resort, the Hong Kong Disneyland Resort, Disney’s Animal Kingdom Park, Disney-MGM Studios Park (now Disney’s Hollywood Studios), Disney California Adventure, and Tokyo DisneySea. He was also CEO during the period of Walt Disney Feature Animation known as “The Disney Renaissance.”
We at Disney Fanatic have covered other Disney-related real-estate stories before–current Disney CEO Bob Chapek’s home–but none of them have been listed at $225 million.
According to Rappaport, Eisner is selling the property because he “loves the creative process” and wants to start another real estate project, and the asking price was established due to it being “nearly impossible to replicate today in terms of scale, location and beach access.”
Only time will tell if a buyer will come around to buy Eisner’s 5-acre castle on a hill.