Hot Property: Recently sold beach home of Nancy Daly leased at $200,000 a month

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The late Nancy M. Daly’s former Malibu home, which recently sold for more than $40 million, has been leased out for $200,000 a month by the new owner.

The sales price is believed to be the highest ever for a residential property in Malibu and the lease price among the highest for the region. The lease term for the fully furnished house was a year minimum, according to Multiple Listing Service details. Shorter-term rentals have matched the $200,000-a-month mark.

The waterfront estate, on 180 feet of a stretch of Carbon Beach known as Billionaires’ Beach, includes nearly 13,000 square feet of living space, a beachfront swimming pool and spa and a sports court on three-quarters of an acre. The ocean-facing master bedroom suite has his-and-hers dressing rooms. There is a gym, a wine cellar, nine fireplaces, eight bedrooms and seven bathrooms.

The philanthropist, child advocate and arts supporter married Richard Riordan, Los Angeles mayor from 1993 to 2001, after her marriage to Warner Bros. Chief Executive Bob Daly ended in divorce. She died last October at 68.


The leasing agent was Kurt Rappaport of Westside Estate Agency, Beverly Hills, the MLS shows. He also represented the new owner in the recent purchase, according to a source familiar with the deal.

The house, built in 2002, had most recently been for sale at $47 million, down from $57 million when it came on the market in March.

Christopher Cortazzo of Coldwell Banker, Malibu West, and Ron de Salvo of Coldwell Banker, Beverly Hills North, had the sales listing.

--Lauren Beale

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