Jimmy Iovine buys a beach spot in Malibu for $60 million

Lauren Beale
Hot Property
It's another Malibu crusher: Jimmy Iovine spends $60 million for beach compound

Mega-producer Marcy Carsey has sold her Malibu place to Interscope Geffen A&M Chairman Jimmy Iovine, The Times has confirmed.

Carsey parted with the beachfront compound in an off-market deal for $60 million.  

The who’s who in Hollywood starts with actor Richard Gere, who bought the 2.2-acre property two decades ago, then sold it Carsey in 2000 for close to its $10 million asking.

The compound was described then as having 90 feet of private beach, a three-bedroom, 2,500-square-foot main house on a bluff, two guest houses, a cottage near the sand, a swimming pool and a tennis court.

Iovine, 61, and rapper Dr. Dre co-founded Beats, which was acquired last year by Apple Inc. for $3 billion. The entrepreneur and record producer also co-founded Interscope Records.

Carsey, 70, and producer Tom Werner founded the independent television production company now known as the Carsey-Werner Co. in 1981.

The transaction was first rumored at Variety and has since made its way into the public record.

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