Dr. Dre, the famed rapper, hitmaker, Beats inventor, and all-around mogul, is bidding farewell to his seaside holiday house of over two decades. The 57-year-old Compton native is openly advertising his ex-wife Nicole Young’s Malibu property for an even-steven $20 million.
Dre will still turn a healthy profit even if the mansion sells for much less than what he paid for it in 2000 ($4.8 million); in the 22 years afterwards, Malibu home values have risen. The three-story mansion is unique for several other reasons, including the fact that it is situated on a nearly 7,000 square foot property on Carbon Beach in Malibu, which has grown to be one of the most expensive areas of the city.
The mansion is defined as a “contemporary beach estate” that “exudes total luxury and sophistication.” The opulent residence, built in the early 1990s, features floor-to-ceiling glass panels that let in natural light and provide views of the river. The front door enters into a brief lobby that leads guests to a spacious great room ready for entertainment, replete with a beautiful stone fireplace and sliding glass doors that open to a seaside balcony hidden behind gates, a courtyard-style approach, and an advanced security system.
Among the additional open-concept living areas are a recording studio, a large gym, an executive office, a primary bedroom with a sauna, a carpeted fireplace, a sitting area, and a private balcony, a primary closet, and five guest bedrooms. With a size of around 9,000 square feet, this residence is one of the bigger ones on Carbon Beach.
This is not Dre’s first attempt to sell his Malibu vacation property, which is a 5-minute walk from Nobu Malibu and was occupied by Nicole Young during the couple’s bitter divorce. The Pacific Coast Highway property was on the market for a few months around a decade ago, with asking prices ranging from $11 million to $12.5 million.
Dre formalized his divorce from Young in December, purportedly giving her a $100 million lump sum but keeping all of their residences for himself, including the $40 million Brentwood estate he bought from Tom Brady and Gisele Bundchen, the $40 million Malibu mansion, and two Calabasas mansions. His current net worth is $400 million, according to Forbes.
The listing is held by Kurt Rappaport of Westside Estate Agency.
