Hearst heiress pays $10.72 million for Malibu beach front residence

It is no Hearst Castle, but Anne Hearst’s new location is even now really good. The granddaughter of publishing magnate William Randolph Hearst and her husband, novelist Jay McInerney, just compensated $10.72 million for a Malibu seaside home, The Occasions has confirmed.

The oceanfront home hit the market above the summertime for $11.95 million — the to start with time it was available in additional than 40 yrs. The order will come about a calendar year right after the publishing heiress’ home in the Hamptons was reportedly ruined in a hearth.

Developed in 1930, the two-tale property sits on just one of Southern California’s most exclusive stretches of sand, Malibu Colony Seaside, which at just one position was the priciest neighborhood in all of Los Angeles County.

The listing identifies the residence as a California bungalow, and it normally takes full benefit of the coastal environment with an entertaining terrace that ascends to a lifted wooden deck overlooking the coastline. Inside, 4 bedrooms and 4 bathrooms are distribute across 2,520 square feet.

Lumber offsets the whitewashed flooring prepare, as beamed ceilings prime parquet wood flooring in the common areas. The residing room features a brick fire, and other highlights include an open up-idea dining area and galley-model kitchen area lined with yellow tile.

Hearst — a socialite, philanthropist and publishing heiress — is the daughter of former Hearst Chairman Randolph Apperson Hearst and the sister of Patty Hearst, who was kidnapped by the Symbionese Liberation Army in the 1970s.

McInerney has been crafting novels considering that the ‘80s with titles such as “Story of My Everyday living,” “Brightness Falls” and “Bright Lights, Massive Town,” which was adapted into a motion picture starring Michael J. Fox. The pair married in 2006.

Hilton & Hyland’s Chad Rogers held the listing. Rick Hilton, Barron N. Hilton and Chad Rogers, all with Hilton & Hyland, represented Hearst and McInerney.