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Cher's famous Italian Renaissance-Style Malibu Estate is For Sale.

The Combined LA/Westside MLS indicates that the 13,126 sq ft house has been listed for $45,000,000. 

The property - featuring 6 Bedrooms and 7 Bathrooms, a theatre, a gym, infinity pool &, tennis court - is set on 1.72 acres overlooking the Pacific Ocean.

Cher also owns a condo in the celebrity-filled "Sierra Towers", situated on 9255 Doheny Road in West Hollywood (adjacent to Beverly Hills). Joan Collins recently purchased a 2100 sq ft condo in the same building for $2.7 Million.

Sierra Towers - featured above

 
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12 Comments on Cher's Malibu Estate is listed For Sale - "Los Angeles Celebrity Real Estate"

AUG
03
2008
225,623 Points Localism Sponsor Outside Blog

It must be nice!

45 M seems a bit steep, over $3,400 P/S/F

But...Let's face it having had Cher as a prior owner/occupant probably doubles the value! People love celebrities and Cher certainly has paid her dues and has passed the test of time. She is a legend.
4:24pm • #1
431,301 Points 26 Featured Posts Outside Blog Called Shot Master

The property is situated on prime land in Malibu, which includes some of the most expensive properties in Southern California.
4:28pm • #2
568,837 Points 12 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Stewart.. Even though the home sits on over an acre of property, the house takes up a good portion of that.  I agree with Mott, it seems a bit on the high side... prime land or not in Malibu.  It will only sell for what the market will pay. 
4:36pm • #3
2 Featured Posts

Stewart,

Impressive house in a great location: Malibu oceanfront property.  Cher recently sold one of her homes here in Palm Springs for just under 2 million.  Too bad I don't have a client at this time in that price range.
8:00pm • #4
AUG
04
2008
777,846 Points 53 Featured Posts Outside Blog Called Shot Master

Stewart:  What an incredible piece of real estate.  Perhaps for an open house maybe Cher could put on a live concert right on the property.  It would easily be the most attended open house in the history of real estate.  Thanks for sharing.
2:53am • #5
SEP
06
2008
431,301 Points 26 Featured Posts Outside Blog Called Shot Master

9/5/08 - It's rumored that there are currently negotiations on Cher's Malibu property .... and that the property could be sold for around $40 Million. Celebrity gossip .... media rumors ... who knows!
1:47am • #6
143,363 Points Hit Router

Stewart-Italian Renaissance is one of my favorite architectural styles...too bad this estates price tag is beyond my pocketbooks comprehension!

 
2:02am • #7
MAY
18
2009
160,321 Points

Stewart -First of all Cher rocks and is an icon for our generation 

 Secondly , I am sure that Cher is savvy enough to know when to close the deal to create a win-win situation. Keep us up to date !
7:16am • #9
503,976 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router

Now I wonder why Cher didn't give me a call when she was ready to list? I'm a BIG fan!!
7:16am • #10
431,301 Points 26 Featured Posts Outside Blog Called Shot Master

After 271 days on the market, the property was withdrawn last month ..... unsold!
7:24am • #11
JUL
13
2009
431,301 Points 26 Featured Posts Outside Blog Called Shot Master

UPDATE: July 2009

Cher's Malibu Mansion is back on the market and the new reduced price of $41 Million.
11:07am • #12
FEB
26
2010
145,611 Points 10 Featured Posts Attended Rain Camp

Well it looks ike a $45,000,000 mansion to me, not a $41,000,000. That's what happens in a "down" market!
11:37am • #13

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