Spielberg sells pad for $26 million


Top filmmaker Steven Spielberg reaped his reward for hard work and soaring housing prices by selling his housing compound in Malibu, bordering the Pacific Ocean, for $26 million.

The Los Angeles Times headlined the sale by the creator of “Jaws,” “Jurassic Park” and “Schindler’s List” as “Spielberg’s latest blockbuster.”

The compound’s two-story main house features seven bedrooms and 10 bathrooms, formal living and dining rooms, a massage room and a home theater.

Stepping outside the house, a visitor can relax in a swimming pool and spa, or stay in the two-bedroom guesthouse.

Spielberg bought the property in two separate transactions in 1989 and 2000, paying a total of $6.575 million. In past years, when Spielberg and his family were not at home, he rented the place during the summer for $125,000 a month.

Not to be outdone by Los Angeles, a New York City penthouse owned by the recently deceased comedian and talk show host Joan Rivers, sold for its asking price of $28 million last week.

Located on Manhattan’s Upper East Side, near Fifth Avenue, the property encompasses the top three floors of a 1903 mansion converted to condos in the 1930s.

Among its attractions is a ballroom and music room with Louis XIV-inspired décor, featuring 23-foot ceilings, crystal chandeliers, antique paneling and columns, tall windows and two fireplaces.
    

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