#24435471, Christopher Cortazzo, Listing Office: Compass
27403 Pacific Coast Hwy Malibu, CA 90265
Property details
About 27403 Pacific Coast Hwy
* Photos by Noel Kleinman Tom Petty's Estate in Malibu available for sale or lease.The Iconic Malibu Estate of the late Tom Petty is truly magical. This sprawling 8,744 square foot estate sits on 2.6 acres and has flat grassy lawns, numerous fountains, ponds with waterfalls, and gorgeous jasmine covered archways, bougainvillea trellises, and tropical flowers overlooking ocean views. The estate is located in central Malibu, close to Escondido Beach. Upon entering, you will see hallways covered with antique wall sconces and vintage style chandeliers that compliment the 5 unique fireplaces throughout. There is a formal great room with hand carved skylight covers and a sizable fireplace that Tom renovated to suit his taste. There is a wood lined library and TV room along with a music room where Tom used to play piano and write hit songs. Moving along this single story marvel, you come upon the kitchen and informal dining area. Mediterranean in feel, this large chef's kitchen has skylights and a center island where many meals were shared, including a large butlers pantry and attached laundry room. Majority of doorways to the exterior offer stunning views of wall fountains where you can hear the cascading water sounds throughout the house. Off the kitchen is a masterpiece of a formal dining room with a fireplace and seating for 16. The 3 guest bedrooms are on a slightly lower level, all en suite with views of the pool or ocean. A lovely sitting area and separate office area round out this end of the estate. These bedrooms also have an outdoor living area and built-in BBQ. Throughout the estate there are limestone touches, gorgeous dark wood floors, Spanish tiles, Mediterranean tiled bathrooms and so many architectural details you simply must see it. At the other end of the estate is the primary suite Tom shared with his lovely wife, Dana. The bedroom has a stunning fireplace, private patio with a wall fountain and an extensive primary bath/retreat with a built-in vanity area. The primary retreat features an additional fireplace and closet has a large center island of built-in cabinets. Just off the bath area, there is a gym and massage/yoga room connected to a 3/4 bath. Upon exiting the main residence you walk past another of the many fountains to the studio. Tom's music studio was created from a 2 bedroom guest house and 2 car garage. The studio consists of a living room, full bathroom, 2 rehearsal rooms, and 2 large recording rooms that held mixing equipment. * Note: While the room is no longer equipped with the mixing board, it is still pre wired to easily bring in another one. The studios are outfitted with acoustic walls and ceiling. This is where he recorded many songs while living here as his primary residence since 1998. If you do not need a professional recording studio, you can use it as a screening room, bar area, or a billiard/game room. This space could also easily be renovated back to a 2 bedroom guest house with 3 car garage. Around the corner, is a staff quarters with a bathroom and at the very end of the estate is a separate 1 bedroom guest house with views of a massive corral tree and pond/fountain.Parking for at least 10 -15 cars on site plus street parking just outside the gate. Luscious lawns, tropical flowers, and fountains make this a serene and intoxicating place to call home. The estate is equipped with a new state of the art generator and solar panels. There is a Sport Court ready for Pickleball players and seating surrounded by your very own fruit tree orchard. The Petty's considered this home to be their sanctuary, filled with magic, love, and music. It will make the next lucky guardian feel incredibly blessed.
Highlights
Summary
- MLS Number: 24414097
- MLS Name: CRMLS
- Office Name: Coldwell Banker Realty
- Office Phone: (310) 457-6550
- Listing Agent: Pamela Van Ierland
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Last updated on: 2/3/2025, 6:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$16,750,000
27403 Pacific Coast Hwy
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Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 31, 1994 | Home Sold | $765,000 |
Aug 09, 1988 | Home Sold | $700,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $5,870,502 | $68,454 |
2023 | $5,755,395 | $67,188 |
2022 | $5,642,545 | $66,375 |
2021 | $5,531,908 | $64,850 |
2020 | $5,475,186 | $63,593 |
2019 | $5,367,831 | $60,225 |
2018 | $5,262,580 | $59,975 |
2017 | $5,159,393 | $59,975 |
History based on county public records data.
Nearby schools
8
Point Dume Marine Science School
Public District KG-5
2.0 mi
•6955 Fernhill Dr
8
John L. Webster Elementary School
Public District KG-5
4.3 mi
•3602 Winter Canyon Rd
9
White Oak Elementary School
Public District KG-5
8.5 mi
•31761 Village School Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $161,468. The most common annual income of people living in Malibu, CA is between $100k-200k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 27403 Pacific Coast Hwy
This home is located at 27403 Pacific Coast Hwy in Malibu, CA and zip code 90265 in the Winding Way neighborhood. This 8,744 square foot home, which was built in 1943, sits on a 2.60 acre lot. Features: 7 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $16,750,000.
In January 2025, from all listings sold in Malibu, CA there were more than 0 sold above asking price, over 12 sold below and more than 0 were sold right at the asked price. The number of listings in Malibu, CA increased by 44.1% between December and January 2025. In January 2025, listings were on the market for 155 days. During the same period, the median list price in this real estate market was $3,250,000.