Rumors have been circulating for the past couple weeks all over Malibu and the real estate world out here that Cher sold herÂ Malibu Luxury EstateÂ as a pocket listing for $43 million to power couple - Beyonce and Jay Z. I was definitely skeptical from the beginning because when I starting searching the internet on this little rumor I found a very similar story that originated about six months ago so I've been very doubtful about the sale actually happening in reality. Â
Today Cher revealed that she did not sell her Malibu Estate through her twiiter account referencing Perez Hilton and TLC saying "No,my Darling,She's Not????Don't know how this 1 started,but I'm Giving You The Real Deal ????Have great day Sweetness."Â
Cher's Malibu property is located just off of PCH above Malibu Rd. Oddly enough, the property doesn't not have direct beach access.
Jerry Weintraub Sells Malibu EstateÂ
Mr. Weintraub originally puchased 4 acres for $950,000 in 1978 and then 2.25 acres for $450,500 in 1980 and combined the two properties. Jerry's Malibu estate was originally listed at $75 million and was reduced down to $42.5 million. The price of the sale is not known due to it being a confidential sale, but there are rumors that is sold above $40 million.Â
The main house to the Malibu property is 11,810 Sq/ft with 7 bedrooms and 11 bathrooms. Also included on the property are two guest houses, a pool, tennis court, gym, two barns and a horse ring.
Please Contact Johnny Steindorff To View All Malibu Luxury Estates For SaleÂ