Last year, Tinseltown scion Anders Eisner — he’s the youngest son of former Disney CEO Michael Eisner — and his longtime wife Terena Thyne Eisner sold their family home for $12.8 million, a new record for the so-called “Little Holmby” neighborhood.
Now in his 40s, Mr. Eisner is a born-and-bred LA guy — his parents have long owned compounds in Bel Air and Malibu — but his latest real estate venture sees him eschewing traditional Platinum Triangle haunts. He (and his young family) have quietly plunked down $11,500,000 for a large home in the Crystal Cove guard-gated community within Newport Coast. Yes, kids — down behind the feared Orange Curtain.
Why would Mr. Eisner move way down south? We dunno! He hasn’t yet returned any of Yolanda’s 14,823 phone calls. But let it be known that the southern OC beaches are (generally) prettier and cleaner than most LA beaches. Yup, we said it — warmer water, too.
But anyway. Turns out Mr. Eisner’s Crystal Cove mansion was sold to him by someone Yolanda has also previously discussed — her name is Karen Rabe.
While not a “celebrity” per se, Ms. Rabe and her now-deceased former husband William O’Connor achieved a peculiar kind of everlasting fame when they custom-built a monstrous Malibu mansion on a 14+ acre promontory directly above Pacific Coast Highway.
That Malibu compound is one of the largest — and perhaps the most visually arresting — estates in the entire city. Unfortunately, Ms. Rabe and her now-deceased ex got a divorce shortly after the lavish structure was completed. Ms. Rabe continued living in the massive home for some years but eventually sold it for $30 million to Teodorin Obiang, the son of African dictator Teodoro Obiang.
The US government eventually seized the Malibu mega-manse from Mr. Obiang — money laundering is a big no-no here in the States — and resold it for $33.5 million to Mexican investor Mauricio Oberfeld and powerhouse realtor Mauricio Umansky. In 2017, after a remodel, the estate was flipped for a berserk $70 million to Hong Kong heiress Karen Lo.
But we digress — take a look at Mr. Eisner’s lavish new Newport digs.
For those not familiar with Crystal Cove, the guard-gated enclave lies just off PCH, in the Newport Coast hills overlooking the Pacific. The massive master-planned community is divided into 12 sections — each featuring a grip of multimillion dollar Tuscan-style homes.
The ocean-view $11.5 million property Ms. Rabe just sold to the Eisners is located within the “Sea Crest” section, which is considered to be one of Crystal Cove’s two most exclusive (and expensive) neighborhood pockets. Or so Yolanda believes. It’s all quite confusing to us.
Anywho, Crystal Cove is but a short drive up the highway from a variety of shopping and dining destinations in Laguna Beach and Dana Point. And just outside the main gatehouse is Mastro’s Ocean Club! So if Mr. Eisner is craving steak, it’s just a quick jog from home.
This big ol’ Tuscan thing was spec-built in 2006. Our Ms. Rabe paid exactly $9 million for the property in 2008 — a couple years after unloading her Malibu monster — and lived here for a full decade before getting $11.5 million from the Eisners. (It appears the most recent deal happened off-market, though the house had been listed with a $12.5 million pricetag.)
Past wrought iron gates lies the 7,837-square-foot mansion, which is done up in neutral tones and features wide-plank hardwood floors and a host of custom moldings. The formal dining room’s got a fireplace with marble surround, the living room sports another fireplace, and a family room opens to the kitchen and includes — you guessed it — yet another fireplace.
There are 5 beds and 5.5 baths packed into the structure, including one bedroom done up with a rather frilly cornflower blue decor. The master bedroom has a vaulted ceiling and separate sitting room, and the master closet is decked out like a Rodeo Drive boutique.
Somewhere in the house is a mirror-walled gym and an office. But outside is really the place to be — there are covered and al fresco patios, a huge backyard fireplace and saltwater swimming pool.
And then, of course, there’s that view — with the sunsets gently caressing Catalina.
The Eisners have three young sons, so we imagine they’ll be pretty busy shuttling the kids to/from school and extracurricular activities. But if our boy ever homesick, he can simply hop in his automobile and drive two hours up PCH to his parents’ longtime Malibu residence. Their village-like compound spans several acres and has plenty of space for weekend guests.
The Eisners’ oceanfront Malibu pad lies in the far northwestern reaches of the city and is certainly extravagant — there’s supposedly a secret elevator that ferries guests from the blufftop down to the beach. No joke.
(Papa Eisner, of course, is a Forbes-listed billionaire who had an epicly long tenure as Disney’s CEO — he was basically King Disney for decades. So he’s got the cash for fun stuff like that.)
Listing agent: Mickey Hartling, Seven Gables