Music mogul Dr Dre is moving out of Malibu, listing his oceanfront vacation home for USD$20 million (AU$31 million). According to Dirt, the 57-year-old Compton native acquired the structure in 2000 for about 4.8 million, with property prices in Malibu skyrocketing since that time. Even if the house sells for a significant discount, Dre will pocket some serious profit from his investment – not that he needs the cash.
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Image: Anthony Barcelo
Built-in the early 1990s, the three-story mansion is located on a 7000-square-foot lot on Malibu’s Carbon Beach, nicknamed Billionaires Beach. The home features floor-to-ceiling glass walls to take in the stunning views, a gated courtyard, and a kitchen with deluxe stainless appliances.
The nearly 9,000-square-foot contemporary house includes a primary suite with a fireplace, walk-in wardrobe and adjoining sauna. Among the five other guest bedrooms, there’s also a private balcony, sitting area, recording studio and gym. Walking down the balcony steps onto the beach, you’ll notice its one of the larger Carbon Beach homes that open to the water.
Image: Anthony Barcelo
The lavish crib, which is within walking distance to Nobu Malibu, was last occupied by his ex-wife Nicole Young amid the couple’s highly-publicised divorce. This isn’t the first time Dre has attempted to offload the property, throwing it on the market nearly a decade ago for roughly USD$12 million.
Dre settled his split from Young last December– reportedly paying her a whopping USD$100 million lump sum but keeping all the marital homes – which included the Malibu holiday house, two Calabasas mansions and a USD$40 million Brentwood estate he bought from the also now divorced Tom Brady and Gisele Bundchen. – for himself. According to Forbes, his current net worth sits at USD$400 million.
Kurt Rappaport of Westside Estate Agency holds the listing. Check out more photos below.
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
Image: Anthony Barcelo
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