"Tom Petty 's longtime home in Malibu, California, has sold for $11.2 million. The rock legend had purchased the house in 1998, and had lived there until his death at the age of 66 in 2017. The sale came following a series of price cuts after initially being listed for $19 million in 2024, then $15.5 million this past July, and most recently $12.99 million. Despite the lower sale price, it marks a sizable increase from the $3.75 that Petty paid for it in 1998."
"The 8,744 square-foot Mediterranean-style home is set on a 2.6 acre estate, and boasts seven bedrooms and 10 bathrooms. A separate guest house had been converted into a personal music studio by Petty, while other features include a swimming pool and a basketball court. According to the Wall Street Journal, the home was purchased by psychoanalyst and author Stephen Slade Tien."
Tom Petty's longtime Malibu home sold for $11.2 million. Petty purchased the house in 1998 and lived there until his death at 66 in 2017. The property underwent multiple price cuts from an initial $19 million listing in 2024 to $12.99 million before selling for $11.2 million. The Mediterranean-style residence measures 8,744 square feet on a 2.6-acre estate and includes seven bedrooms and 10 bathrooms. The guest house was converted into Petty's personal music studio; the grounds include a swimming pool and a basketball court. The buyer was psychoanalyst and author Stephen Slade Tien. Petty died in October 2017 and his death was ruled an accidental overdose of fentanyl and other opioids.
Read at Consequence
Unable to calculate read time
Collection
[
|
...
]