Chat with us, powered by LiveChat

Johnny Carson’s Former Malibu Oceanfront Mansion is Listed for $81.5 Million

October 24, 2017

Johnny Carson’s former Malibu oceanfront mansion is listed for $81.5 million. According to Robb Report, the four bedroom home hit the luxury real estate market earlier this month for $81.5M. The four bedroom home is located high above the Point Dume bluffs and overlooks the Pacific Ocean. See Robb Report article

Johnny Carson, the legendary host of the The Tonight Show lived at the residence for 20 years. The home was built by modernist architect Ed Niles in 1978 and features 30-foot glass walls offering stunning views. The property also features a saltwater swimming pool, koi pond and tennis pavilion. According to Robb Report, ‘the 7,083 square foot estate is currently owned by film producer Sidney Kimmel and his wife Caroline, who bought the property in 2007.’

Douglas Elliman knows California’s luxury real estate market. This summer, Elliman acquired the Beverly Hills-based Teles Properties, a fast-growing firm that claimed $3.4 billion in revenue last year. The acquisition added 20 offices and 500 luxury agents to Elliman’s California operation. What does this mean for Douglas Elliman clients? The expansion translates into an even broader network of luxury agents working together to connect buyers and sellers across the nation. It also strengthens the Elliman brand as a luxury leader solidifying the firm’s new marketing campaign; It’s Time for Elliman.

Whether you are looking to buy or sell a luxury home in California, New York or South Florida, Douglas Elliman agents, Nicholas Malinosky and Randy Ely are ready to discuss your luxury real estate goals. Contact Randy & Nick for more details.

Photo: E. Nichols

Malibu Sets $85M Record Sale: Healthy Market for Rich and Famous

July 17, 2017

Malibu set a new luxury real estate record with $85M deal in May proving that residential sales prices are climbing in a healthy market. Always a favorite escape for the rich and famous, Malibu’s revamped downtown is inviting L.A. buyers to purchase primary residences.

According to The Real Deal article on July 14, the $85M transaction beat out the previous $75M record sale set in 2013. With more buyers and a limited inventory, prices are on the rise. The median sales price for 1st Quarter 2017 in Malibu was up 14% according to Douglas Elliman who recently opened an office in Malibu. Other big sales include the sale of the Sweetwater Mesa Road Compound in March for $69.9M. The 15-acre property was the biggest non-oceanfront property transaction in Malibu. See full article

Investors and real estate experts alike contribute Malibu’s activity to the reversal of anti-development legislation and improved downtown amenities including a healthy night life. The opening of the luxury hotel Nobu Ryokan Malibe and Soho Club have brought life to the downtown area. A 24,000 square foot Whole Foods is in the works as well as other retail options.

Whether looking for a primary residence or a third or fourth home, Malibu is a desirable location. Carbon Beach is known as Billionaire’s Beach with some of the most expensive sales and listings, Malibu Colony offers a bit more privacy and Point Dume offers the ‘œvintage California experience’. Malibu’s real estate transactions are often off-market and confidential due to the wealthy celebrities involved. ‘œThe reality is Malibu is the closest getaway from Los Angeles’ according to Douglas Elliman agent Tracy Tutor Maltas who says it is a 30 minute drive. See full article

Interested in the luxury real estate market in Malibu? Palm Beach? Aspen? The Hamptons? Miami? Contact Nicholas Malinosky and Randy Ely, the Executive Directors of Luxury Sales in the Douglas Elliman Delray Beach office. Nick and Randy enjoy networking with their fellow Douglas Elliman colleagues throughout the nation and can assist you with your luxury real estate goals; no matter where you want to live.