If you were hoping to run down that dream of owning a musically pedigreed SoCal home last year and the $19 million price tag was just a little too hefty at the time, don’t back down now. Tom Petty’s longtime main digs nestled within a gated enclave high above Malibu’s Pacific Coast Highway just popped back up for sale with a new ask, and it’s $3.5 million less than before.
All you need is a cool $15.5 million, and you can happily claim the coveted keys to the legendary musician’s Mediterranean-style estate. Myra Nourmand and Levi Freeman of Nourmand & Associates hold the listing.
The creamy stucco and terracotta-roof home is accessed via a portico entryway.
Pierre Galant
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Petty, who passed away in 2017 at age 66, purchased the property in spring 1998 for $3.75 million. Tucked away on nearly three acres near Escondido Beach and Paradise Cove, off a private lane that’s shared with three other homes, the updated 1940s spread includes a main home, a separate guesthouse, and another structure that served as a recording studio—for a total of seven bedrooms and 10 baths in roughly 10,000 square feet.
The living room’s vaulted wood-beam ceiling is dotted with skylights donning hand-carved covers.
Pierre Galant
Standing out within the single-level primary dwelling is a sunken fireside living room, which features skylights embellished with hand-carved covers and French doors opening out to a trellised patio. Other highlights include a 16-seat dining room sequestered behind archways accented with wrought-iron detailing, plus a kitchen outfitted with an eat-in island, a Wolf range, a butler’s pantry, and a breakfast nook.
Elsewhere is a music room where the rocker liked…