Ryan Kavanaugh, founder of the of the once-high-flying Relativity Media, which emerged in March from a 2015 Chapter 11 bankruptcy filing, has his East Coast-style spread in Malibu’s celeb-popular Point Dume area up for sale at a hair less than $10 million. The pugnacious film financier, married for the third time last year, at a star-studded ceremony, to Sports Illustrated model Jessica Roffey, acquired the approximately one-acre, gated estate more than two years ago — while still married to his ballet dancer second wife Britta Lazenga — for exactly $7 million, from germophobic comedian and game-show host Howie Mandel.
The shingle-clad, stone-accented and gambrel-roofed Nantucket-style home comes in at just under 5,400 square feet, with five bedrooms and five-and-a-half bathrooms plus a poolside guesthouse. Luxuriously appointed and comfortably casual, the residence features a double-height living/dining room with bookcase-flanked fireplace, an office/den with vaulted ceiling, an eight-seat screening room, and a marble-countered kitchen that opens to a large family room with informal dining area. The upper-level master suite, comprised of marble bathroom and custom-fitted walk-in closet, opens through French doors to a private terrace with stacked-stone fireplace and open views that extend over the Santa Monica Bay to Catalina Island. A roomy terrace along the rear of the house includes a fireplace and built-in barbecue, and the self-contained guesthouse next to the saltwater swimming pool features a half bathroom and full kitchen on the ground floor, plus an en suite bedroom upstairs.
In the fall of 2009, Kavanaugh paid renowned class-action attorney Thomas W. Girardi $7 million for an oceanfront house along Malibu’s La Costa Beach that was sold last summer for $8.75 million. And he previously, and ever-so-briefly, owned a two-acre equestrian estate in the Mandeville Canyon area he picked up from Dennis Quaid in late 2011 for $9.5 million and lucratively flipped less than a year later for $11.2 million to a couple of apparel industry executives.
The property is represented by Sotheby’s International Realty agent Leslie Kavanaugh, who happens to be Ryan’s mother.