Former Disney CEO Michael Eisner seems ready to offload his own Magic Kingdom as his California estate is up for a massive sale.
Former Walt Disney Company CEO Michael Eisner
The Malibu compound, which features 16 bedrooms and a stunning nine guest houses, is now on the market for a state record $225 million.
Eisner, 80, who now runs Tornante Pictures and is chairman of English League One football club Portsmouth, originally bought the first piece of land in the mid-1990s and has since added adjacent properties.
Designed by architect Robert AM Stern, the property comprises nine separate buildings, including a main house and several guest houses.
It also features a cinema that can only be accessed through a tunnel.
It has a total of 16 bedrooms and 28 bathrooms in the main house and guest houses plus a two bedroom caretaker’s house.
Kurt Rappaport, the stockbroker, told the Wall Street Journal the cost was justified because it would be almost impossible today to replicate the entire size of the site in terms of location and beach access.
Former Disney CEO Michael Eisner seems poised to unload his own Magic Kingdon as his California estate is up for a massive sale
The 16 bedroom, nine stunning guesthouse Mailbu compound is now on the market for a state record $225 million
Designed by architect Robert AM Stern, the property comprises nine separate buildings, including a main house and several guest houses
Rappaport, who represents Westside Estate Agency, said the property has an oceanfront cabana that can only be reached by taking a cliffside elevator.
The property was built successively over decades and was finally completed in 2020.
The project’s completion is behind Eisner’s desire to sell, according to Rappaport, who said the ex-Disney CEO “loves the creative process” and wants to find a new project.
Eisner also owns a ranch in Snowmass, Colorado, a mansion in Bel-Air, and an apartment in New York’s Upper East Side.
Other homes in the Malibu area have sold for shocking prices in recent years. In 2018, a property owned by Hard Rock Cafe founder Peter Morton sold for $110 million.
This indoor/outdoor combination offers beautiful views of Malibu
Step out into the Pacific Ocean in this cabana that appears to be just steps from the water
The property also features a full-service cinema, accessible only through a tunnel, to see many of the Disney classics that Eisner has helmed
Eisner has overseen the development of the compound over a period of decades and is finally selling it now that the process is complete
The property is one of at least four properties owned by the former head of the House of Mouse
Eisner ran Disney from 1984 to 2005, overseeing the studio’s revival of films ranging from Roger Rabbit Captured to the famous ’90s animated renaissance The Little Mermaid, The Lion King and Pocahontas.
He also worked at Disney, acquiring everything from Miramax Pictures to ABC to ESPN and Pixar.
After Disney, Eisner has The Tornante Company, which has invested in everything from Topps baseball cards (which they sold to Fanatics earlier this year) to TV shows like Netflix’s Bojack Horsemen.
He also hosted the CNBC talk show Conversations with Michael Eisner from 2006 to 2009.
Since 2017 he has been the owner of Portsmouth FC, which plays in the third tier of the English football system.
Another cabana that offers pristine views of the Pacific Ocean from the comfort of your couch
One of the rooms is only accessible via an elevator on the cliff
It has a total of 16 bedrooms and 28 bathrooms in the main house and guest houses plus a two bedroom caretaker’s house