Hot Property

The beach-front estate Larry Ellison bought contains more than 10,000 square feet of living space. (Nick Springett)

Former Yahoo Inc. chief executive Terry Semel and his wife, Jane, have put their Malibu beach home up for sale at $50 million.


Sitting on a three-quarter-acre lot along Billionaire's Beach, named for its wealthy homeowners, the main house is entered through a three-story rotunda topped by a skylight. A copper-roofed screening pavilion doubles as the family den. There is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space.

A gazebo for outdoor dining sits by the swimming pool.

Richard Hilton, Jeffrey Hyland and Judy Feder of Hilton & Hyland are the listing agents.

A little more than half-mile down the coast, investment banker William Chadwick and his wife, Cherry, have returned their Carbon Beach house to the market at $45 million.

They attempted to sell the 10,500-square-foot Cape Cod-inspired house, which includes six bedrooms and 91/2 bathrooms, at auction last year. It was listed two years ago at $35 million.

This time around Chadwick is handling the listing himself, the Multiple Listing Service shows.

lauren.beale@latimes.com