An iconic Malibu estate currently owned by the legendary Tom Petty has been listed for $19,000,000 by Pamela Van Ierland, an agent affiliated with the Malibu office of Coldwell Banker Realty. Located at 27403 Pacific Coast Highway in Malibu, Calif., the approximately 10,000-square-foot residence has seven bedrooms and 10 bathrooms.
“Conveniently located in the heart of Malibu, the estate is a short distance from Escondido Beach. Once filled with love and musical creativity, this magical home awaits its next fortunate owner,” said Van Ierland.
Showcasing a tapestry of limestone accents, rich dark wood flooring, Spanish-tiled bathrooms and countless architectural marvels, the estate’s coved hallways are illuminated by antique sconces and accented with vintage chandeliers. A formal great room boasts a grand fireplace beneath hand-carved skylight covers — a personal touch from Petty. The estate also has a cozy, wood-paneled library/TV room and a music room where Petty composed his timeless hits. With panoramic views framed by every doorway, a Mediterranean-inspired chef’s kitchen features skylights and a center island for casual dining. Adjacent to the kitchen, there is a spacious butler’s pantry and laundry area. A work of art, the formal dining room has a fireplace, seating for sixteen and an additional powder room nearby.
In addition to a spacious gym, two bathrooms and massage or yoga room, the primary suite boasts a magnificent fireplace, secluded patio with a fountain and lavish bathroom area with a vanity station and second fireplace. Offering serene views of the pool and ocean, three guest bedrooms, each with an ensuite bathroom, open to an outdoor living space and are complemented by a charming sitting area and a dedicated study zone. Nestled on approximately 2.6 acres, the grounds offer lush, flat lawns adorned with many fountains, tranquil ponds and waterfalls. A creative haven, the separate studio has a living room, full bathroom, rehearsal rooms and recording studios, where Petty crafted many of his songs over two decades. The studio, which also hosted numerous musical collaborations, can be repurposed as a screening room, bar, billiard/game room or converted back into guest accommodations with ample parking. Other highlights include staff quarters, a separate one-bedroom guest house with views of a majestic coral tree as well as a pond with a fountain.
To view the property, contact Pamela Van Ierland at 310-487-8799 or pamela@vacationrentalmalibu.com.
Coldwell Banker Realty is one of the top brokerages in Southern California and operates 61 offices with approximately 4,693 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com. CalDRE #01908304.
Photo by Noel Kleinman Photography.
