5 Mansions on Billionaire’s Beach in Malibu
Billionaire’s Beach, also known as Carbon Beach, sits on a stretch of about a half mile of uber expensive property right on the PCH. Amazingly they are right there on the highway — no gated neighborhood or security guards to shoo you away. Right across from a Jack in the Box and yoga studios lie homes that are worth anywhere from $20-50 million. Just being a Hollywood star may not be enough to get you into this club. These are the mega-rich titans of industry, wealthy enough to drop this kind of dough on their second or third home.
On our Los Angeles tours we at times will take the detour to Malibu to point out some of these impressive estates. Let’s take a look at some of the best:
Larry Ellison is a founder of Oracle and worth around $48 billion, making him the fifth richest man in the world. He actually owns around 2 dozen properties in Malibu, several of them right on Billionaire’s Beach. He picked up this one from Yahoo founder Terry Semel in 2012 for $37 million; it has 9 bedrooms and 13 bathrooms in 3 structures for a total of 10,600 square feet.
The head of CBS just bought this property last month from Microsoft co-founder Paul Allen (are we seeing a pattern here?) for $28.8 million. Apparently Allen couldn’t stand the sound of the waves lapping right up to his back yard so he decided to sell (nice problem). The modern home has 5,800 square feet, 5 bedrooms, 7 baths, a gym, and a screening room. Perfect for watching all of those CBS procedurals.
This one is a behemoth. Built on FOUR Malibu lots that he acquired over several years. He cut a deal with the California Coastal Commission to allow him to build such a large estate that would block access to the public beach — he would build a walkway along the property for public access. Only problem is he padlocked the gate. So for 20 years the Coastal Commission litigated the matter before Geffen finally relented and removed the lock.
The house has 2 swimming pools and a 9-car garage on its 285 feet of beach front property.
Jeffrey Katzenberg is the CEO of Dreamworks and one of the most powerful men in Hollywood. His second home here has 8,000 square feet with 150 feet of shoreline. If you can believe it it cost him only $3.3 million back in 1998.
Haim Saban created the Power Rangers and this goes to show that toys are more than just toys. This 11,000 square foot home has 9 bedrooms and 12 bathrooms on 121 feet of this high-priced beach. He purchased the 2-lot home 15 years ago for $8 million.