Producer Jerry Weintraub Selling Malibu Compound for $42.5M

Jerry Weintraub, best known for producing The Karate Kid (the original and the 2010 remake), Ocean's Eleven, Ocean's Twelve, and Ocean's Thirteen, is selling his colossal oceanfront estate for $42.5 million. If the mega producer fetches the full asking price of his Malibu property then he will score himself a major pay day. The former chairman and CEO of United Artists bought the residence in the late 1970's for the relatively small sum of $1.3 million. View the listing.

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Jerry Weintraub, best known for producing <I>The Karate Kid</i> (the original and the 2010 remake), <I>Ocean's Eleven</i>, <I>Ocean's Twelve</i>, and <I>Ocean's Thirteen</i>, is selling his colossal oceanfront estate for $42.5 million. If the mega producer fetches the full asking price of his Malibu property then he will score himself a major pay day. The former chairman and CEO of United Artists bought the residence in the late 1970's for the relatively small sum of $1.3 million. <a href=”http://www.redfin.com/CA/Malibu/27740-Pacific-Coast-Hwy-90265/home/6855687” target=”_blank">View the listing</a>.
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Weintraub originally listed his sprawling Malibu pad in April 2007 for the jaw-dropping price of $75 million. Unable to find a buyer willing to match the price tag, Weintraub took the property off of the market. He recently re-listed for $42.5 million, which is a 43% discount from the original asking price.
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The expansive residence totals 11,810 square feet and features seven bedrooms and eleven bathrooms.
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A view of the stunning swimming pool. The property also includes two separate guest houses, a gym, a guardhouse, and a comprehensive security system.
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A view of the North/South tennis courts.
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The gated beach compound sits on seven flat acres and boasts two separate barns and stables, along with a large riding ring for you equestrian enthusiasts.
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The sprawling lush grounds make you feel like you're in your own private park.
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The two-story home features eight covered parking spaces and four fireplaces.
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The Malibu, CA estate has its own private bluff and approximately 500 feet of ocean frontage terrain that provide panoramic views of the Pacific Ocean.
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The home even comes complete with its own private road to the beach. No need to fight the weekend crowds at this beach!
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