Even though Malibu contains some of the most expensive Real Estate in the world, a sales price of $50 million still causes quite a stir.
Carbon beach is known for its white sand and warm ocean waters…as well as being a chance to spot the rich movers and shakers in the worlds of finance and show business - In fact, it has even been dubbed "Billionaires Beach" by some.
It is on this stretch of white sand that Nancy Daly, the wife of ex-LA Mayor Richard Riordan quietly sold her beach front compound for the princely sum of $50 million – thats right, $50 million and yes I said, quietly.
The buyers identity still remains a mystery, however their profession will fit right in with the neighbors. A hedge fund manager and his wife have been reported to have coughed up the staggering sum for this palatial property. Neighbors include the founder of Dreamworks and an ex-Yahoo CEO.
The property is 15,000 square feet and its literal "multi-million dollar" lot is Nancy Daly’s own doing. She combined smaller lots to great this mega lot, for the mega house.
If you are considering purchasing a home on Carbon Beach or in any other part of Malibu, Pacific Palisades or Beverley Hills Post Office then please call Judy Kunisaki on 310-317-8396.
UPDATE March 5th 2008: This rumoured sale did not occur despite being reported in the local and regional press. See the updated Blog post here.
Related Links
Celebrity Real Estate Wrap: Nancy Daly, Kanye West, Devo and more!
LA Curbed
Nancy Daly, the estranged wife of Los Angeles' really rich ex-mayor Richard Riordan, has very quietly sold her Carbon Beach compound
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[...] New listing in Malibu! William J. Chadwick has listed his Malibu Carbon Beach home for $65 million – a record if it sells at that price! Carbon Beach is long known for its exclusive and expensive beachfront homes – including the false sale of a $50 million property last year. [...]