Brian Grazer’s former spot in Malibu Colony quietly sells for $25.4 million - Los Angeles Times
Advertisement

Brian Grazer’s former spot in Malibu Colony quietly sells for $25.4 million

Share via

The former Malibu Colony home of big-time film and television producer Brian Grazer has sold for $25.395 million, among the most expensive sales historically in the star-studded beach community, records show.

The oceanfront property was never on the market, but attracted a number of suitors since Glazer parted with it four years ago, according to real estate agent Markus Canter, whose wife Cristie St. James represented the seller along with Chad Rogers of Hilton & Hyland. To borrow from “The Godfather,†$25.395 million was the offer that couldn’t be refused.

“Someone finally stepped up with the right number,†Canter said.

Built in 1995, the renovated Mediterranean-style home has three stories, five bedrooms and eight bathrooms. An art studio, a media room and a gym complete the 6,000 square feet of living space.

Advertisement

Outdoor living space is abundant thanks to multiple terraces and ocean-facing balconies. There’s also an indoor swimming pool.

In addition to beach frontage, the property has 60 feet of street frontage that can accommodate eight cars.

Advertisement

Grazer bought the house in 2003 for $13.5 million and sold it in 2014 for $17.375 million, records show. In recent years, the property has been a hot ticket during Malibu’s summer rental season, going for up to $275,000 a month.

“It’s always been leased out since the owners bought it,†Canter said.

St. James and Canter are the co-founders of Beverly Hills-based St. James + Canter, an affiliate of Berkshire Hathaway.

[email protected]

Advertisement

Twitter: @LATHotProperty

MORE FROM HOT PROPERTY:

Holmby Hills estate of former Paramount chief Brad Grey fetches $70 million

Beverly Hills-area mansion with ‘Real Housewives’ connection lists for $22 million

Longtime Malibu home of singing duo Steve and Eydie gets in tune with a buyer

Former SAG President Alan Rosenberg’s Santa Monica casa sells for over the asking price

Advertisement
Advertisement