Gary Krisel, the former president of network television for Walt Disney Pictures, has put his oceanfront home in Malibu up for sale at $7.9 million. Alternatively the Cape Cod-inspired house in gated Malibu Cove Colony can be leased for $25,000 a month.
Built in 1972, the light and airy two-story house takes full advantage of the climate with an enclosed courtyard and surf-facing balconies. Expansive decking along the main floor overlooks 60 feet of sandy beachfront. Unobstructed views extend up and down the coastline.
A living room with a fireplace, a center-island kitchen, a media room and an office lie within more than 3,400 square feet of living space. Beamed ceilings top the master suite for a total of three bedrooms and 3.5 bathrooms.
Krisel bought the property more than a decade ago for $4.65 million, public records show. In October, based on 19 sales, the median sales price for single-family homes in Malibu was $3.5 million, according to CoreLogic.
Kathryn Bentzen and Sarah Ribnick of Partners Trust are the co-listing agents.