Seaside Malibu retreat relisted at higher price by former investment banker

Seaside Malibu retreat relisted at higher price by former investment banker
Courtesy of Compass

Jack Ryan's sprawling oceanfront compound in Malibu's desirable Encinal Bluffs neighborhood has been relisted for sale, this time with a substantial price increase.

A former Goldman Sachs partner, a high school teacher, a politician, and a media mogul, the former candidate ran against President Barack Obama in 2004. He dropped out of the Illinois Senate race following widespread media attention surrounding his divorce from actress Jeri Ryan - now seeking $72 million for the nearly 3-acre property.

This is $7 million more than the previous listing price, but it’s also $54 million more than the co-founder and CEO of REX-Real Estate Exchange — a technology-based real estate services company that sells homes outside of the MLS — paid for it in spring 2007.

The real estate market in Malibu is a tough one for Ryan, but this is not his first foray into it. The billionaire philanthropist and widow of Steve Jobs sold him a Paradise Cove mansion seven years ago for $44 million. There have also been price increases in the area recently, with Cindy Crawford's former oceanfront estate selling off-market for $70.4 million to Kim Kardashian in September.

An original Dutch muralist Anthony B. Heinsbergen built the Ryan residence back in the 1960s. It has since been renovated. Located on a bluff overlooking El Matador State Beach, the property consists of a Cape Cod-inspired main house with six bedrooms and almost 10,500 square feet, plus a two-bedroom guest cottage.

As per Rich Report, there is a three-car garage in front of the primary residence, a two-story structure hidden behind a gated driveway. Inside, the foyer opens to a sun-drenched living room with a fireplace and French doors leading to an ocean-view terrace. In addition, there is a formal dining room, family room, and gourmet kitchen with a butcher block-topped eat-in island, high-end stainless appliances, a large pantry, and a breakfast nook.

An elegant master suite features a fireplace and private balcony, as well as dual walk-in closets and bathrooms; there is also an office space and a wood paneled recreation room with a wet bar. There is a pool and spa in the backyard, as well as a pathway leading down to the stone-clad guest cottage, along with a flagstone patio and secluded cove.

Listed by Compass and REX, the property is owned by Damon Skelton and Andrew Meneses.

Courtesy of Compass
Courtesy of Compass
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