But it still looks as fresh as any of the boxy white contemporary spec mansions going up in places like Bel Air. It is mandatory to procure user consent prior to running these cookies on your website. Please Allow Javascript and reload this page. Both Koum and Acton have since departed Facebook, reportedly after heatedly — and repeatedly — clashing with the tech giant’s head honchos Mark Zuckerberg and Sheryl Sandberg over the data privacy intrusions for which Facebook has become infamous. Please Allow Javascript and reload this page. For the latest news, follow us on Facebook , Twitter , and Instagram . [Dirt] — Natalie Hoberman. $99M is not enough: Pierce Brosnan lists Malibu manse at massive price, Eli Broad’s $75M Malibu beach house listing got another price chop, James Cameron lists longtime Malibu haunt for $25M, Cardi B, Taraji P. Henson among celebs renting $35K/month Malibu pad, Chris Cortazzo reps himself in $39M Malibu deal, Matthew Perry lists Malibu pad as DTLA penthouse still sits on market, Gateway computer co-founder picks up Malibu pad for $34M, This way to the beach: Homes next to ocean topped priciest sales. Meyer wants $125 million for the 3.1 acre estate in Paradise Cove, according to Variety. Fully landscaped and fanatically maintained, the acres of grounds include enormous swathes of grassy lawn and a full-size, properly positioned north/south tennis court. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. You also have the option to opt-out of these cookies. Remarkable sunset views broadly sweep the California coastline as they stretch from Point Dume all the way down to the Palos Verdes Peninsula and Catalina Island on the horizon. Rappaport is an investor himself — he picked up a Brentwood estate in July for $16.3 million. These cookies will be stored in your browser only with your consent. As for the $125 million real estate, records show Meyer has owned his soon-to-be former Malibu property for over 20 years — since 1997, when he forked over approximately $5 million to buy the three-acre blufftop parcel from former CAA chief Mike Ovitz. A sale at that price would make it the most expensive trade ever in Los Angeles County. This category only includes cookies that ensures basic functionalities and security features of the website. Though the transaction has not yet publicly recorded, it’s become widely known that the Malibu mega-compound of former Universal Studios chief Ron Meyer is in escrow with a tech billionaire hailing from Northern California’s famously cash-flush Silicon Valley, the deal now all but done. You also have the option to opt-out of these cookies. This category only includes cookies that ensures basic functionalities and security features of the website. For full functionality of this site it is necessary to enable JavaScript. A sale above $110M would be the most expensive ever in LA County. And now, NBC Universal executive Ron Meyer unloaded his oceanfront Malibu compound for $100 million, according to Dirt. All rights reserved © 2020 The Real Deal is a registered Trademark of Korangy Publishing Inc. There’s nothing like mixing a little business with pleasure, naturally. Still, the priciest listing remains the massive Chartwell Estate in Bel Air. Try again later. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A vast entrance gallery features a sculptural “floating” staircase and towering walls of glass, while the double-height dining room sports clerestory-style windows. Completed just before the new millennium’s dawn, the property features a monolithic main house with nearly 14,000 square feet of living space alongside two wee guesthouses. It the late media mogul Jerry Perenchio’s crown jewel, and has been on the market for $195 million. Meyer ultimately kept the property — which he purchased from Ovitz for about $5 million — and built the mansion in the late 1990s. We also use third-party cookies that help us analyze and understand how you use this website. Though enormous, the blocky complex isn’t out of scale with most neighboring properties — in fact, it lies directly between two other equally massive estates, one owned by multibillionaire Public Storage heiress Tamara Gustavson and the other by Bosnia-born socialite Diana Jenkins. Even as recession fears continue to plague an increasingly volatile U.S. stock market and high-end real estate transactions grow sluggish, several Los Angeles residential mega-deals have nonetheless been recorded this summer — all neatly in a row. Up in this “unicorn” category’s rarefied air, Uber’s Garrett Camp and Eliza Nguyen paid $72.5 million for a brand-new Beverly Hills estate, then China-based billionaire heir Johnson Zhang forked over $75 million for a Bel Air complex. And although the grant deed is not yet officially filed, two unrelated sources have both indicated that the tech billionaire new owner in question will be Jan Koum, the Ukrainian-born co-founder of WhatsApp, an international messaging service founded in 2009 and famously sold to Facebook in early 2014 for an unprecedented $19 billion. Both Forbes and Bloomberg estimate Koum’s personal net worth hovers somewhere around $10 billion, a substantial portion of which is liquid capital. Sited directly above Malibu’s postcard-worthy Paradise Cove — arguably the most beautiful beach in the L.A. area — the house itself is invisible from the Pacific Coast Highway streetfront, sequestered behind an immense hedgerow and a towering driveway gate. All rights reserved © 2020 The Real Deal is a registered Trademark of Korangy Publishing Inc. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. NBC vice chairman Ron Meyer has put his Malibu mansion on the market for $125million, it has been reported. NBCUniversal vice chairman Ron Meyer and wife list their Malibu home for $125 Million amid split. [Variety] – Dennis Lynch. The couple’s reportedly selling their famed Malibu compound for $125 million. For full functionality of this site it is necessary to enable JavaScript. Skip to … He then hired the late, much-acclaimed architect Charles Gwathmey and spent two years and many millions building an immense contemporary compound. The current record is the $110 million a natural gas tycoon paid for Peter Morton’s Carbon Beach home last year. Westside Estate Agency co-founder Kurt Rappaport has the listing. Ronald M Meyer’s current address is Pacific Coast Hwy, Malibu, CA, 90265-4340. Launch Gallery: Ron Meyer's Sells $125 Million Malibu Compound to Tech Billionaire Sign up for Variety’s Newsletter . Necessary cookies are absolutely essential for the website to function properly. And now, another recession-proof buyer looks to set real estate’s uppermost echelons alight once more. Somewhere inside is also a movie theater and a two-story library. Meyer was reportedly giving private tours of the home to guests, including to some A-list celebrities, during at least one fundraiser event there in May. Copyright © 2020 Penske Business Media, LLC. It is mandatory to procure user consent prior to running these cookies on your website. We are having some technical difficulties. Kurt Rappaport of Westside Estate Agency represented both sides of the most recent deal. Get our latest stories in the feed of your favorite networks. Calvin Harris Spins Hollywood Hills Hideaway to Charli XCX, Neve Campbell Screams Into Elegant San Fernando Valley Colonial, Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home, Billionaire Neil Kadisha Buys $25 Million Beverly Hills Estate, Producer Jack Giarraputo Lists Malibu Estate Property for $31.5 Million, Tom Bilyeu Lists $14.8 Million Mulholland Drive Starter Mansion. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. The acquisition — still easily the largest in Facebook history — made Koum and his business partner Brian Acton overnight multibillionaires. This website uses cookies to improve your experience while you navigate through the website. While the rumored $100+ million sale price remains unconfirmed, the house has been available at a list of $125 million for over a year; unless the buyer is feeling unusually generous, the final figure will likely slot in comfortably below the $119.7 million Manor record.