High above the Pacific Ocean, one of Malibu’s most storied estates has quietly returned to the market with a notable price adjustment. The Italian Renaissance-style villa once owned by singer and actress Cher is now listed for $75 million, reflecting a $10 million reduction from its previous asking price late last year.
The oceanfront property, perched on approximately 1.7 acres of prime Malibu coastline, offers a rare combination of Old World European craftsmanship and Southern California coastal grandeur. According to the current listing, the residence spans 13,126 square feet, with seven bedrooms and nine bathrooms, positioned to capture uninterrupted ocean views from nearly every major living space.
A Significant Price Adjustment in a Selective Market
The estate was initially offered at $85 million in October before being reintroduced this spring at its current price. Industry observers note that while Malibu’s ultra-luxury market remains resilient, pricing has become increasingly strategic.
“This is a trophy estate, but even trophy properties need to meet the market where it is,” the listing agent told californialuxuryhouses. “The adjustment reflects a realistic recalibration rather than a lack of interest.”
The property is represented by Drew Fenton and Robert Kass of Hilton & Hyland, a brokerage long associated with some of Los Angeles’ most prestigious residential transactions.
Old World Craftsmanship Meets Coastal California
Constructed in 1999, the residence was commissioned by Cher herself after she acquired the underlying parcel in 1989 for $2.95 million, public records show. The singer reportedly spent years overseeing the design and material selection, drawing inspiration from Italian Renaissance villas.
The home features limestone and marble imported from Italy and France, complemented by hand-wrought bronze doors and custom hardware and tiles sourced from Spain and Morocco. The result is a residence that feels more like a European estate than a typical Malibu beach house.
“The level of craftsmanship here is increasingly rare,” one agent familiar with the property told californialuxuryhouses. “You simply don’t see this degree of artisanal detail in modern construction anymore, especially at this scale.”
Beyond the main residence, the estate includes a tennis court, a formal swimming pool, and a gatehouse that anchors the entrance, reinforcing the sense of privacy and arrival.
Designed for Entertaining—Large and Small
When the property last changed hands publicly, Cher spoke candidly about how she used the home, describing a lifestyle centered on both intimate gatherings and grand-scale entertaining. She noted hosting quiet family dinners in the formal dining room, as well as large tented events in the courtyard and pool area.
That flexibility remains a defining feature of the estate today. Expansive terraces, formal gardens, and generous indoor-outdoor flow make the home equally suited for private retreat or large-scale social occasions.
According to californialuxuryhouses, efforts were made to contact the current owner for comment regarding the relisting, but no response was received prior to publication.
A Prime Malibu Location With Lifestyle Appeal
Beyond its architectural pedigree, the property’s location continues to underpin its value. Malibu remains one of Southern California’s most coveted coastal enclaves, prized for its combination of privacy, natural beauty, and proximity to Los Angeles.
Residents enjoy easy access to Pacific Coast Highway, connecting the area to Santa Monica, Beverly Hills, and Los Angeles International Airport. Nearby amenities include Malibu Country Mart, Cross Creek, and a celebrated dining scene featuring institutions such as Nobu Malibu, Geoffrey’s, and Mastro’s Ocean Club.
Outdoor enthusiasts benefit from close proximity to Malibu’s renowned beaches, hiking trails in the Santa Monica Mountains, and exclusive surf breaks known worldwide.
Cher’s Notable Real Estate Legacy
The Malibu estate represents just one chapter in Cher’s long history with iconic real estate. Over the decades, the Grammy- and Oscar-winning performer has owned several high-profile properties across Los Angeles.
In the 1980s, she lived in a Moroccan-inspired mansion in the Beverly Hills Post Office area, which later sold for $16 million. She also previously owned a Tudor-style residence in Beverly Crest, sold in 2018 for $2.5 million, and spent time at the legendary Owlwood Estate in Holmby Hills, which ultimately traded for $88 million in 2021.
“These homes weren’t just investments—they were expressions of personal taste,” a Los Angeles-based luxury agent told californialuxuryhouses. “That narrative adds an intangible premium buyers often respond to.”
A Trophy Asset in a Changing Luxury Landscape
While the Malibu ultra-luxury segment has seen fewer transactions at the very top end, agents say well-positioned properties with architectural distinction continue to attract global interest.
“This estate sits in a category of its own,” the listing agent noted in comments shared with californialuxuryhouses. “It’s not competing with new construction—it’s competing with history, craftsmanship, and provenance.”
As Malibu continues to balance exclusivity with evolving market dynamics, the relisting of Cher’s former estate offers a rare glimpse into how legacy properties are being repositioned for the next generation of luxury buyers.