The renowned rapper, hitmaker, Beats entrepreneur, and general tycoon Dr. Dre is bidding adieu to his beachfront holiday house of almost two decades. The 57-year-old Compton native is openly asking $20 million for the Malibu property, which was formerly owned by his ex-wife Nicole Young.
Dre will still earn handsomely even if the mansion sells for a considerable discount; he paid about $4.8 million for it in 2000, and in the 22 years since then, Malibu real estate values have increased dramatically. Situated on a nearly 7,000-square-foot lot on Carbon Beach in Malibu, which has developed as one of the city’s most expensive areas, the three-story mansion is particularly noteworthy.
A “contemporary beach estate” that “exudes total luxury and sophistication” is how the property is defined. Built in the early nineties, the opulent house features floor to ceiling glass windows that let in an abundance of natural light and provide views of the rapids in every room. The entrance door enters into a small lobby that takes visitors to a large great room that is ideal for entertaining. It has a stunning stone fireplace, sliding glass doors that open to a balcony overlooking the ocean, a courtyard-style entry, hidden gates, and a sophisticated security system.
Other open-concept living areas include an executive office, a recording studio, a large gym, five guest bedrooms, a primary closet with a sauna, a primary bedroom with carpeting, a fireplace, a sitting area, and a private balcony. With a living space of around 9,000 square feet, this is one of the biggest Carbon Beach residences.
The Malibu vacation house, which is five minutes’ walk from Nobu Malibu and was occupied by Nicole Young throughout the couple’s acrimonious divorce, has been attempted to sell by Dre before. Ten years ago, the property along the Pacific Coast Highway was listed for sale for a few months, with asking prices between $11 million and $12.5 million.
Dre and Young divorced in December; he supposedly gave her a $100 million lump sum but kept all of the marital properties for himself, including the $40 million Brentwood villa he bought from Tom Brady and Gisele Bundchen, two mansions in Calabasas, and a Malibu mansion. His current net worth is $400 million, according to Forbes.
Kurt Rappaport of Westside Estate Agency is the owner of the listing.
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