Former Disney CEO Michael Eisner appears set to unload his own Magic Kingdom as his California property is set to be 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 what would be a state record $225million.
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 have been adding adjacent land parcels ever since.
The estate, designed by architect Robert A.M. Stern, includes nine separate structures, including a main house and several guesthouses.
It also features a movie theater that can only be accessed by a tunnel.
It has a stunning total of 16 bedrooms and 28 bathrooms across the main house and guesthouses, as well as a two-bedroom caretaker’s cottage.
Kurt Rappaport, the listing agent, told the Wall Street Journal the cost was warranted because the entire scale of the compound would be nearly impossible to replicate today in terms of location and beach access.
Former Disney CEO Michael Eisner appears set to unload his own Magic Kingdon as his California property is set to be up for a massive sale
The Mailbu compound, which features 16 bedrooms and a stunning nine guest houses, is now on the market for what would be a state record $225million
The estate, designed by architect Robert A.M. Stern, includes nine separate structures, including a main house and several guesthouses
Rappaport, who represents Westside Estate Agency, said that the property has an oceanfront cabana that can only be accessed by a cliff-side elevator.
The estate was gradually constructed over a period of decades and finally finished in 2020.
The finishing of the project is behind Eisner’s desire to sell, according to Rappaport, who said that 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 on the Upper East Side of New York.
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 $110million.
This combination indoor/outdoor space offers beautiful views of Malibu
Step outside into the Pacific Ocean in this cabana, which appears to be just steps from the water
The estate also features a full service movie theater only accessible via a tunnel to watch many of the Disney classics Eisner spearheaded
Eisner oversaw the evolution of the compound over a period of decades and is finally selling now that the process is finished
The compound is one of at least four properties owned by the former headman behind the House of Mouse
Eisner ran Disney from 1984 to 2005, overseeing a revitalization of the studio from films like Who Framed Roger Rabbit to the famous 90s animation renaissance of The Little Mermaid, The Lion King and Pocahontas.
He also worked at Disney acquired 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 television shows like Netflix’s Bojack Horsemen.
He also hosted a talk show, Conversations with Michael Eisner, from 2006 to 2009 on CNBC.
Since 2017, he has served as owner of Portsmouth FC, who play in the third tier of the English football system.
Yet another cabana that offers pristine views of the Pacific Ocean from the comfort of your couch
One of the spaces is only accessible via a cliffside elevator
It has a stunning total of 16 bedrooms and 28 bathrooms across the main house and guesthouses, as well as a two-bedroom caretaker’s cottage