*Dr. Dre has completed the sale of his Malibu beach house, finalizing an off-market deal for $16.5 million.
According to Architectural Digest, the hip-hop icon originally purchased the nearly 9,000-square-foot property in 2000 for $4.8 million. He listed the contemporary-style mansion in 2022 for $20 million after years of attempting to sell and adjusting the asking price.
The tri-level home sits on a gated lot in Carbon Beach, nicknamed “Billionaire’s Beach,” a neighborhood known for its wealthy residents. It features six bedrooms, seven bathrooms, and expansive windows and sliding glass doors that showcase panoramic views of the Pacific Ocean.
The interior includes a kitchen with stainless steel appliances, black countertops, blonde wood cabinetry, and a breakfast nook. The entertainment space flows into a beige-and-white living room with floor-to-ceiling stone walls, a wood-burning fireplace, and a balcony with a fire pit. The primary bedroom includes a boutique-style walk-in closet, sauna, two reading nooks, and a large oceanfront balcony. Additional amenities include a gym, water-facing recording studio, and an office.
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Dr. Dre first tried to sell the home in 2012, asking between $11 million and $12.5 million. Following his divorce from Nicole Young, who lived in the house until December 2021, Dr. Dre retained the property while paying her $100 million as part of the settlement.
The sale represents a substantial return on his original investment and concludes a long period of attempts to sell the property.
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