Tuesday, July 3, 2012

Celebrity Summer Rentals: Malibu

While it may vex and perplex mere mortals and middle classers, most of whom can only aspire to own a vacation home, it's hardly unusual for privacy obsessed celebrities who own multiple homes in prime and/or resort areas to occasionally lease them out at eye-poppin' prices.

listing photos: Coldwell Banker / Malibu West

It can't be that Irish-born actor Pierce Brosnan hurts for cash so desperately he needs to lease out his brand-spanking-new, 13,000 square foot mansion (above) Malibu's star-lined (and quickly eroding) Broad Beach for $250,000 a month, can it? Far more likely Mister Brosnan quite simply recognizes the financial benefit of pulling in some periodic but substantial rental income to offset the tremendous and sometimes punishing costs of fat mortgages and fastidious upkeep on multiple, high-maintenance, multi-million dollar homes.

Money talks, hunnies, even to decidedly rich (and famous) folks who, as a group, typically and otherwise ferociously guard their privacy. However, if some filthy rich and wildly profligate wannabe beach goer will shell out $250,000 a month—plus, probably, sign a confidentiality agreement and purchase a sky-high insurance policy—to lease Mister Brosnan's Bali-Thai-inspired 4 bedroom and 12 bathroom compound for a few months over the summer, while he's away making a movie or shacking up in his house in Hawaii, why the hell not?

Half or three quarters of a million clams goes a long way towards Mister Brosnan's annual staffing expenses and maintenance costs of the expansive grounds and unsightly rock revetment residents of Broad Beach were forced to recently build along the beach up to keep the encroaching ocean from washing up into their often low-lying ocean front homes.

listing photos: Areté Estates

Leonardo DiCaprio, a consistent Showbiz mega-earner who reportedly took in $77,000,000 between May 2010 and May 2011, can't possibly have need for extra income. None-the-less he recently put an ocean front compound inside the manned gates of the legendary, star-stocked Malibu Colony community, one of two beachfront houses he owns in The Bu, up for lease at a short-term rate (less than six month) of $150,000 per month.

The long and thin compound-like property (above)—with four bedroom main house on the ocean, a detached 2 bedroom guest house and additional loft space with fitness facility, 7th bedroom and home office area—is also available starting September 1, 2012 as a long(er)-term rental at much less but still hives-inducing $75,000 per month.

Essentially retired sitcom star Paul Reiser—who no doubt still earns a substantial pile of residual income and whose primary residence is a significant estate with a 15,000 square foot mansion and a private softball diamond the guard-gated Beverly Park community—also owns a swank oceanfront house in Malibu Colony that he's got up for summertime grabs at $95,000 per month.

listing photos: Coldwell Banker / Malibu West

If that's too much paper for your summer rental budget, busty blond pin up babe Pamela Anderson also owns a recently and extensively remodeled contemporary crib on the land side of Malibu Colony she's got up for rent (again) at $50,000 per month.

Miz Anderson has numerous times denied scandalous rumors of her financial demise and says she spends more time at her lake front Canadian compound than in southern California, but back in 2009 and 2010 there was a deafening flurry of whispers and gossip glossy reports about how the ballooning costs of construction of her Malibu home left her teetering on the edge of bankruptcy.

Whatever the case—and we do not vouch for the veracity of the ugly scuttlebutt about her allegedly pinched purse—this isn't the first time Miz Anderson has rode the bucking bronco of the real estate rental rodeo with her Malibu Colony casa; She first put the property up for lease on VRBO (Vacation Rental By Owner) last year with a much higher asking price of $75,000 per month (or $20,000 per week).

listing photos: Coldwell Banker / Malibu Colony

Comedian (and somewhat surprisingly successful cocksman) David Spade has long owned a house with 60 feet of ocean frontage on Malibu's sandy La Costa Beach that's currently available for lease at $40,000 per month, a downright bargain compared to some of the other celeb-owned summer rentals in Malibu.

The 4 bedroom and 3.5 bathroom two-story residence—with a small pool tucked into the brick courtyard between the house and detached 3-car garage—is also up for sale with an asking price of $13,500,000, far less than the $16,000,000 price tag he put on the place when he put it on the market in August 2007.

18 comments:

Doug said...

Having your resort home as a "rental" could also have some tax benefits, but not being familiar with all the details on these properties I don't know if that's being done. At these prices I'll just dust off my old "Airstream travel trailer" meme and hit the PCH. Cheaper and probably more fun.

midTN said...

***

I wonder if someone in the Brosnan family has severe bladder problems?

A 4 bedroom compound with TWELVE bathrooms?

***

Only in Kalifornia

Anonymous said...

No hunny, we just love to entertain frequently and we don't want our guests to stand in a line to use the damn pooper! Californians aren't hillbillies like y'all Tennassians, see? I know it's hard to understand, but we're not accustomed to taking squats out on the front lawn or watering the petunias with our juice waste. xoxo

Anonymous said...

8:20am. Really the joke is on you for making such an ignorant, arrogant post. Having only four bedrooms and twelve bathrooms is VERY, VERY unusual in any home in any state including California.

Anonymous said...

So I guess a large estate on the beach will be renting for 2.5MM a month ?????

how many of these are actually being rented out ???

Mountain Top Real Estate said...

I must commend them for actually doing the lease, I mean why not? If they are not using their home at one place or another why not lease them right? For me that is plainly practicality and very good idea.

Mountaintop Real Estate

Anonymous said...

yikes to July 4, 2012 5:12 PM
did you not 'get' that the poster was being ironic and sarcastic when they wrote that?

back story is that midTN repeatedly posts disparaging remarks about other 'groups' of people (stats/ types/ states Etc. that poster was merely 'calling' MidTN on it.

Anonymous said...

The fetish wealthy people (particularly Angelenos) seem to have with crappers is mystifying to me. There was a front-page article in the LA Times about how the number of terlits wealthy home buyers demand is at least two for every bedroom. Why is this? Do rich people just have an inordinate amount of crap to spew (from both ends)? Do they just want to feel secure that in times of emergencies, there will always be a pooper within 10 feet? Dunno.

All I know is that Mama's former house gurl Svetlana must be sewer-swamped with a crapload of new business.

Anonymous said...

All those terlits? It's very simple:

Los Angelinos, especially those involved with the entertainment industry, need a lot of terlits because most of them are absolutely full-to-hi-pressure-bursting with shit. It's terrifying to see one of them go off. Los Angeles Building & Safety therefore requires lots of poopers in large houses as a kind of seismic precaution, like sheer walls. Many homes are also retrofitted.

There. I said it and I'm glad. It's true. You can look it up. Or just call LADBS and ask.

midTN said...

***

Anon: 8:20 am...

Native of Monterey, CA. here who sold out in 2002 when the prices were insanely high, you know, pre-crash.

I'm so glad that the likes of you are still in the current Kalifornia, "hunny".

***
...and that is still a hell of a lot of water using terlits in a supposedly pro-green state.

midTN said...

***
Anon: 5:12PM...

You conveniently choose to interpret my posts that way.

So many prejudiced ANON.'s here.

***

Anonymous said...

midTN

we merely have to go back and look at all your old comments and your trail of disparaging remarks about other people and posters. not one but repeatedly over time.

Anonymous said...

I've seen this house before here and I still think that horrible X-shaped railing looks like scaffolding. Put up something tasteful, for god's sake! And if you can't figure it out for yourself, call Jeff Lewis.

Carla said...

I like the house that Leo DiCaprio rented, it is really practical and normal. I like celebrities who keep it simple. I can tell you the apartment in buenos aires  Matt Damon got for his Argentinean wife: it is in the neighbourhood of Puerto Madero and it has 9 bedrooms. Why would they want so many of them, don´t know... May be to make intimate life more exciting haha

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