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

By COMPASS PALM SPRINGS | Stewart Penn

Real Estate Agent with COMPASS DRE# 01339266

May 18, 2009 12:07 AM

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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Mott Marvin Kornicki

Waterway Realtors® • Notary Public & Apostille - Sunny Isles, FL

Miami Notary & Apostille 786-229-7999

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.

Aug 03, 2008 09:24 AM

COMPASS PALM SPRINGS | Stewart Penn

COMPASS - Palm Springs, CA

COMPASS Palm Springs - Broker Associate

The property is situated on prime land in Malibu, which includes some of the most expensive properties in Southern California.

Aug 03, 2008 09:28 AM

Valerie Osterhoudt

Johnson Real Estate, Inc. - Cromwell, CT

ABR, Cromwell, CT Real Estate ~ 860.883.8889

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.

Aug 03, 2008 09:36 AM

Harold Watts

Teles Properties - Palm Springs, CA

Palm Springs Real Estate Blog

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.

Aug 03, 2008 01:00 PM

Karen Anne Stone

New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX

Fort Worth Real Estate

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.

Aug 03, 2008 07:53 PM

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!

Sep 05, 2008 06:47 PM

Michelle Pimentel

Empire Home Staging Solutions - Upland, CA

ASP, IAHSP Empire Home Staging

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

Sep 05, 2008 07:02 PM

Laura Gray

RE/MAX Realty Group - Gaithersburg, MD

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 !

May 18, 2009 12:16 AM

Lizette Fitzpatrick

Lizette Realty - Richmond KY - Lexington, KY

Lizette Realty, Lexington KY MLS - Kentucky Homes

Now I wonder why Cher didn't give me a call when she was ready to list? I'm a BIG fan!!

After 271 days on the market, the property was withdrawn last month ..... unsold!

May 18, 2009 12:24 AM

UPDATE: July 2009

Cher's Malibu Mansion is back on the market and the new reduced price of $41 Million.

Jul 13, 2009 04:07 AM

DEBORAH STONE

Balboa Real Estate San Diego, CA - San Diego, CA

Well it looks ike a $45,000,000 mansion to me, not a $41,000,000. That's what happens in a "down" market!

Feb 26, 2010 03:37 AM

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

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