Producer Jerry Weintraub has unloaded his longtime Malibu compound, and the paper trail leads to apparel mogul Serge Azria as the buyer.
The seven-acre spread transferred early this year, but public records do not include a sales price. The beachfront/bluff-top spread had been listed from $42.5 million to $75 million over a span of six years.
Beyond its panoramic ocean views, the lot boasts a road down to the beach should the new owner want to use a golf cart rather than walk. But that’s just for starters. There’s the main house, two guesthouses, a guardhouse, video security, two barns/stables, a riding ring, a gym, a swimming pool and a tennis court. The 11,810 square feet of living space includes seven bedrooms and 11 bathrooms.
The sale may be the motive behind Azria listing another Malibu house for sale at $10.75 million.
Described as a contemporary Cape Cod, the two-story bluff home sits on more than half an acre and features sliding glass doors, a wraparound deck, a fireplace, two bedrooms and 2.5 bathrooms. The gated site includes a swimming pool with a spa and a lighted sports court.
The property was purchased in 2009 for $7.54 million.
Weintraub, 75, produced such hits as the “Karate Kid” and “Ocean’s” movies. Azria, 64, owns the Joie, Equipment and Current/Elliott fashion lines, among others, serving in such roles as chief executive and creative director.
Christopher Cortazzo of Coldwell Banker’s Malibu West office was Weintraub’s listing agent and he has Azria’s listing.