UPDATE 11/2022: A spokesperson for the family clarified the condo is owned solely by Todd Morgan.
The Malibu residence of veteran actor Rosanna Arquette and investment banker Todd Morgan is back up for sale at $7.85 million after it first came available last year at $8.75 million. Tax records show the deep-pocketed banker shelled out $6.5 million for the ocean-view contemporary a few months before his 2013 marriage to the “Desperately Seeking Susan” star, who is slated to appear in the upcoming Netflix “One Flew Over the Cuckoo’s Nest” spinoff series “Ratched.” Built in the mid-1980s in a spare, post-modern style popular at the time, the heavily fortified and immaculately kept blufftop residence has four bedrooms and five bathrooms in about 4,000 square feet. There’s also a guest suite above the garage complete with fireplace, wet bar and bathroom.
Entered through a gated motor court and secured courtyard garden, the voluminous, light-filled interior spaces feature lustrous, dark-stained French oak floors, sugar-white walls that bounce sunlight around and vast expanses of windows that frame mesmerizing, head-on horizon and sunset views over the ocean. The double-height living room has a stone-faced fireplace; the dining space spills out to a huge deck above the beach; and the colossal kitchen is a chef’s dream, with thick marble countertops and professional-quality appliances. An en suite bedroom or office and a comfortably furnished media room complete the main floor. There are two more en suite guest bedrooms upstairs along with a master bedroom that spills out to a huge, ocean-facing deck and includes a fireplace, sitting area and marble-lined bathroom with radiant-heated floor.
Arquette and Morgan, who previously maintained a two-unit combination condo in a prestigious tower along L.A.’s Wilshire Boulevard that Morgan bought in 2006 for an unrecorded amount and sold in 2017 for just over $7.7 million, own another, much larger, museum-like contemporary mansion of almost 14,000 square feet along one of the most coveted streets in Pacific Palisades. Digital records show the almost 1.5-acre spread was acquired in 2014 for a tetch above $15.7 million.