Jimmy Iovine buys a beach spot in Malibu for $60 million
Mega-producer Marcy Carsey has sold her Malibu place to Interscope Geffen A&M Chairman Jimmy Iovine, The Times has confirmed.
Carsey parted with the beachfront compound in an off-market deal for $60 million.
The who’s who in Hollywood starts with actor Richard Gere, who bought the 2.2-acre property two decades ago, then sold it Carsey in 2000 for close to its $10 million asking.
The compound was described then as having 90 feet of private beach, a three-bedroom, 2,500-square-foot main house on a bluff, two guest houses, a cottage near the sand, a swimming pool and a tennis court.
Iovine, 61, and rapper Dr. Dre co-founded Beats, which was acquired last year by Apple Inc. for $3 billion. The entrepreneur and record producer also co-founded Interscope Records.
Carsey, 70, and producer Tom Werner founded the independent television production company now known as the Carsey-Werner Co. in 1981.
The transaction was first rumored at Variety and has since made its way into the public record.
Twitter: @LATHotProperty
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
