M16| Friday, February 28, 2020 THE WALL STREET JOURNAL.
MANSION | WATERFRONT LIVING
SIMON BERLYN/BERLYN MEDIA (5); MICHAEL KOVAC/GETTY IMAGES (BROAD)
$5
MILLION
Price paid for the
two oceanfront
lots in 2001sion of that passion for architec-
ture. Mr. Broad said he and his
wife have been fans of Mr. Meier’s
work for close to 40 years and
worked with him previously on
the design for the Eli and Edythe
Broad Art Center at UCLA, which
houses the UCLA School of Arts
and Architecture. Mr. Meier is
known for works such as the
Getty Center, also in Los Angeles,compound with ultra-high ceilings
and geometric details. The house
was completed around 2002.
“Ours is probably the most im-
portant house currently for sale
on Carbon Beach,” said Mr. Broad.
“It’s a masterpiece.”
For the couple, the home has
served as a place to escape to for
the weekend
and also for
longer vaca-
tions; it’s just
a short drive
from their pri-
mary residence
in Brentwood,
which was
based on a de-
signbyarchi-
tect Frank Gehry. They moved
from Detroit, where Mr. Broad
grew up, to Los Angeles in 1963,
shortly after Kaufman & Broad
(now KB Home), his homebuilding
business, went public on the New
York Stock Exchange. Later, Mr.
Broad started SunAmerica, a re-
tirement savings company that
was purchased by AIG in 1999 for
about $18.3 billion in stock. Mr.
Broad’s net worth is estimated at
around $7.4 billion, according to
the Bloomberg Billionaires Index.
The Broad’s immense fortune
has helped shape the Los Angeles
art scene—and its architectural
footprint. They spearheaded the
push to build the Gehry-designed
Walt Disney Concert Hall. Their
own contemporary museum, The
Broad, in DowntownL.A., draws
selfie takers with its distinctive
honeycomb facade designed by
Diller Scofidio + Renfro.
Their home in Brentwood has a
distinctive welded-steel ceiling
and an abstract floor plan that
originated from a concept by Mr.
Gehry. However, Mr. Gehry does
not claim it in his catalogue of
work, since Mr. Broad ultimately
hired another firm to finish it.
Their Malibu home is an exten-Continued from page M1Eli Broad’s
House Lists
and the Barcelona Museum of
Contemporary Art in Spain.
The five-bedroom property has
about 105 feet of oceanfront and
spans about 5,374 square feet
across the main house and a small
guest house. It has a large double-
height living room with a fireplace
and a wall of windows, a large
outdoor deck on the ocean, an of-
fice and an outdoor dining area. It
also includes a four-car garage.
Mr. Broad said the experience
of working with Mr. Meier was
quite different to working with
Mr. Gehry. “They’re different per-
sonalities, talented in different
ways,” he said. “Richard is more
precise and knows exactly where
he’s going with a design. With
Frank, it’s a process that takes a
lot longer.”
The couple is also known for
their vast collection of postwar
and contemporary artwork, in-
cluding pieces by Jasper Johns,
Andy Warhol and Jean-Michel
Basquiat. Much of their collection
is on display at the Broad Mu-
seum and Mr. Broad said they
preferred to keep the Malibu
house simple and so hadn’t dis-
played much art there. A mobile
by the artist Alexander Calder
hangs over the living room.
The airy and light-filled inte-
rior was designed by Rose Tarlow,
a furniture and fabric designerwho has also created homes forO-
prah Winfrey, Bruce Springsteen
and David Geffen, who also once
owned a house on Carbon Beach.
The decor’s color palette is neu-
tral: light-brown leather chairs,
beige and off-white sofas and
light wood ottomans. Much of the
furniture was custom-made for
the house.
Mr. Broad said his favorite spot
is the outdoor deck, where he can
sit and stare out at the ocean. He
said they are selling because they
are getting older and rarely spend
time in Malibu anymore.The property is being listed by
Branden Williams and Rayni Wil-
liams of Hilton & Hyland. Ms. Wil-
liams said she’s seen the Malibu
market heat up in recent years
thanks to a rise in demand from
international buyers and the in-
creased flexibility of the work-
place. More high-net-worth execu-
tives are choosing Malibu as their
primary home, rather than as a
vacation spot, she said.
The property is one of a hand-
ful on the market on Carbon
Beach, some of which are asking
around $30 million.Eli Broad said the glass-and-white aluminum property is the most important house currently for sale on Carbon
Beach. He and his wife, Edythe Broad, are selling because they are not spending as much time in Malibu.Muchofthehome’sneutral-colored
furniturewascustommade.Thereisadouble-heightliving
roomwithawallofwindows.