Courtesy of Chris Cortazzo Coldwell BankerJerry Weintraub, producer of box office hits like The Karate Kid and Oceans 11, has finally sold his 6.25-acre Malibu complex after nearly two years on the market, the Los Angeles Times reports.
It was apparently purchased by fashion mogul Serge Azria. The home had been listed for $42.5 million, but the sales price has not been disclosed.
Weintraub bought the property in two pieces, four acres in 1978 for $950,000, and 2.25-acres in 1980 for $450,500. Several years ago, he listed it for $75 million before lowering the price.
The beautiful property is located just south of Paradise Cove and features private beach access, two guest homes, a deluxe equestrian centre, tennis courts, and a pool.
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