Marcy Carsey Spends $20 Million on Extra Malibu, Montecito Homes

She already owns at least nine multimillion-dollar homes spread across Southern California, from Brentwood to Montecito — including a $100 million estate on Malibu’s Encinal Bluffs, but Marcy Carsey has added two more properties to her expansive portfolio. Records show the retired Hollywood super-producer, 77, has paid north of $20 million for these “spare” houses, one in Montecito and one sitting on Malibu’s coveted Broad Beach.

Both deals were inked off-market, tax records show, and the first went down in Montecito’s Hedgerow District. Carsey spent $7 million on a 1.25-acre estate consisting of two contiguous parcels: one vacant and the other with a midcentury ranch house and gardens. Both parcels sit directly next door to a half-acre estate that Carsey has owned since 2001, meaning that her Montecito compound now consists of three separate parcels totaling nearly two flat acres.

As for the Malibu property, Carsey spent about $13.7 million to buy a compound once owned by the late comedian Dick Martin and actress Dolly Read, though Read sold the house in 2017 for $7 million. Photos from that time reveal the main house offered exposed brickwork, wood-beam ceilings and wood-burning fireplaces, though the structure has since been renovated. Certainly the property’s main value is in its oceanfront lot, which lies immediately atop prestigious Broad Beach.

Carsey, a Massachusetts native, has said she was raised in a blue-collar household before earning her way to Tinseltown fame and fortune. With her business partner Tom Werner, she produced many of TV’s biggest 1980s and ’90s hits, including “The Cosby Show,” “Roseanne” and “3rd Rock From the Sun.”

In 2013, Carsey sold a blufftop compound on Malibu’s Paradise Cove for $60 million to her longtime friend Jimmy Iovine. That same year, she donated $20 million to the University of New Hampshire. Last year, she sold a $10 million Mandeville Canyon home to Disney exec Ricky Strauss. And in addition to her multiple Malibu and Montecito estates, Carsey still owns homes in Santa Monica, Westwood and Pacific Palisades.

But since the 1990s, Carsey’s main residence has been a notably large estate in L.A.’s Brentwood Park neighborhood.