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Matthew Perry’s Malibu House Hits Market

Posted in Celebrity Houses in California, Celebrity Houses in Malibu, Modern Style Houses, Oceanfront Houses | 0 comments

Price: $13,500,000

Size: 3,677 sq ft

Bedrooms: 4

Bathrooms: 5.5

Matthew Perry, another “Friends” millionaire who’s done a whole lot more since the series, is putting another of his properties up for sale. While there may be speculation at his net worth, this author’s guess is that owning several properties just isn’t financially sound, particularly when other investments are flushing down the potty.

Maybe the decision came after his recent stint in rehab, his ongoing battle with attaining an optimum level of sobriety and decided the pressure to maintain so much real estate wasn’t in his best interest at the moment. In related real estate news: Matthew Perry recently sold one property at the Sierra Towers for $2,850,000 just a mere $145,000 below asking price, a good deal in a slow real estate market. Now, he’s putting his fabulous 3,677 square foot home in Malibu up for sale. Of course, he still has other real estate.

Perry purchased the home back in the spring of 2005 for a mere $6,550,000 and now plans to sell it for $13,500,000. It sits on 2.32 acres of prime land and has four bedrooms and five and a half baths. The asking price is almost double the purchase price, so the sale may be just another way to pad his retirement fund and remove some of the financial burden of maintaining several residences.

The Pier House, the name of the home he’s selling (When a house has its own name, you know it’s high dollar.) is noted as an architectural statement located right above the Malibu Pier. It offers multiple outdoor play areas with sliding glass doors in the living areas giving quick access.

There’s a huge viewing room containing theatre projection and an exceptionally comfortable-looking couch for ample seating, plus a bed in the back… a questionable decorating decision at best. Tasteful décor and architectural intricacy grace the other rooms with an open air feeling that most people would give up their first-born to experience in their living accommodations. In fact, the bathroom, containing stone walls, an open feeling glass shower also has a bird’s eye view of the ocean.

The house is gorgeous but the view and connection to the landscape is worth a minimum of the asking price, with the living accommodations thrown in free. It seems like Perry made good real estate decisions, even if not all his personal decisions were the wisest.

image source: Partners Trust Real Estate