Exploring Dr. Dre’s $20 Million Coastal Haven on Coveted Carbon Beach, Malibu
On July 21, 2023, the legendary rapper, music producer, Beats entrepreneur, and multifaceted mogul, Dr. Dre, bid farewell to his oceanfront retreat, a cherished Malibu mansion that has been his vacation home for over two decades. The 57-year-old Compton native has made this exquisite Malibu property publicly available, which was formerly the residence of his ex-wife, Nicole Young, for an even-steven price tag of $20 million.
Even if the mansion sells at a substantial discount, Dre stands to make a substantial profit, having acquired it in the year 2000 for approximately $4.8 million. In the 22 years since his purchase, Malibu’s real estate values have soared, making this investment all the more lucrative. The three-story mansion boasts a prime location on a nearly 7,000-square-foot lot on the prestigious Carbon Beach in Malibu, an area renowned as one of the city’s most exclusive and high-end neighborhoods.
Described as a “contemporary beach estate,” the property exudes opulence and sophistication. Built in the early 1990s, the swanky home is characterized by floor-to-ceiling glass walls that bathe every room in natural light and offer breathtaking vistas of the whitewater. As one enters through the front door, a brief foyer leads to an expansive great room, perfectly designed for entertainment. It features a striking stone fireplace and sliding glass doors that open to a beachside balcony. The property is further enhanced by discreetly hidden gates, a courtyard-style entrance, and a comprehensive security system.
Among the other open-concept living spaces, you’ll find a kitchen equipped with premium stainless appliances, a carpeted primary bedroom featuring a fireplace, a sitting area, and a private balcony. The primary closet boasts a sauna, and the mansion includes an executive office, a recording studio, a vast gym, and five guest bedrooms. With nearly 9,000 square feet of living space, this mansion stands as one of the larger residences on Carbon Beach.
This isn’t the first time Dr. Dre has attempted to sell his Malibu vacation home. Situated just a 5-minute walk from the renowned Nobu Malibu, this property also served as Nicole Young’s residence during their high-profile divorce. A decade ago, this Pacific Coast Highway gem graced the market for a brief period, with asking prices ranging from $11 million to $12.5 million.
Dre’s divorce from Young was finalized in December, involving a reported $100 million lump sum payment to her. Remarkably, he retained all of the marital homes, including the Malibu mansion, two opulent Calabasas mansions, and a $40 million Brentwood estate he acquired from Tom Brady and Gisele Bundchen. According to Forbes, Dre’s current net worth stands at an impressive $400 million.
The listing for this extraordinary property is managed by Kurt Rappaport of Westside Estate Agency.