Dreamworks executive David Geffen is basically having a low-key fire sale, listing yet another house he owns on Malibu’s Carbon Beach, just weeksafter selling another, much larger property on the same beach for $85 million (or maybe $87 million).
This Geffen property is listed for a much more humble $8.99 million. If it sells at that price, it would be at a loss. Geffen purchased the minimansion in 2008 for $9.8 million. (Geffen also owned the home from 1996 to 1998.)
First seen on Variety, photos of the property show a small, simple oceanfront residence with a porch facing the water. The approximately 1,500-square-foot house contains two bedrooms and has a private courtyard, though the listing photos do not include a peek at anything other than the rear of the house.
For years, Geffen fought to keep the public from accessing the beach near his multi-building compound, putting up a fight against building a path to the sand and creating false driveways along Pacific Coast Highway so that parking appeared to be diminished in front of his property.
Westside Estate Agency’s Kurt Rappaport, who represented Geffen in the sale of his $85 million estate, also holds this listing.