Steve Nash

Mogul’s Malibu compound changes hands off-market for $85 million

Mogul’s Malibu compound changes hands off-market for $85 million

Less than two weeks after area real estate agents reported seeing moving boxes out front, David Geffen’s Malibu compound appeared in public records as having sold for $85 million.

That’s an eyebrow-raising sum in the pricey beach community. The most expensive sale previously recorded there took place four years ago for $74.5 million.

The Carbon Beach property has an East Coast vibe, with gray shingles and white trim exteriors. Kept under close watch by security, this stretch of Pacific Coast Highway is known as Billionaires’ Beach for its wealthy homeowners, including the likes of titans Larry Ellison, Eli Broad and Jeffrey Katzenberg.

For years, music...

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