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Howie Mandel Wants To Make A "Deal" on Malibu Mansion, Slashes Price By $500k

The king of game show hosts, Howie Mandel, is really looking to make a ‘deal’ with someone who wants one of his biggest prizes yet: a beautiful 5,936-square-foot, ocean-view Malibu estate. The game show host just slashed the price on the estate by half a million dollars, bringing the new asking price to $7,250,000.

Back in December 2011, the former “Deal or No Deal” host originally put the home up for sale and was looking to lock in a deal of his own for the current asking price of $7,250,000. Mandel took the home off the market and relisted in January 2013 for $7,750,000, but now it’s been slashed by that extra $500,000 and is back at the original asking price, just begging for a buyer.

Located in the prestigious Point Dume area, this Cape Cod-inspired mini-compound was exquisitely crafted by renowned architect Douglas Burdge. Unveiled in 2009, the home boasts five bedrooms, five and a half baths, an office, theater, gym, and guesthouse. Constructed with the finest of finishes, the timeless architectural style weds both elegant sophistication and casual seaside living with a seamless indoor/outdoor flow. The airy main living area includes double-height formal living and dining rooms–both with French doors lining the walls–leading to a large, open kitchen with center island.

With panoramic Santa Monica ocean views, the home sits on over an acre of flat land with expansive lawns, a huge outdoor patio, and a gorgeous infinity pool.

Matt Rapf of Pritchett-Rapf is the listing agent Mandel has tapped to get the deal done.