On July 21, 2023, the iconic rapper, renowned music producer, Beats co-founder, and multifaceted mogul, Dr. Dre, bid farewell to his long-cherished oceanfront retreat, a splendid Malibu mansion that has served as his vacation haven for over 20 years. At the age of 57, this Compton native has made the exquisite Malibu property, formerly the residence of his ex-wife, Nicole Young, available to the public, with a price tag of $20 million.
Even if the mansion sells at a considerable discount, Dre stands to make a substantial profit, having acquired it in the year 2000 for around $4.8 million. Over the course of 22 years, Malibu’s real estate values have skyrocketed, rendering this investment even more lucrative. The three-story mansion enjoys a prime location on a nearly 7,000-square-foot lot on the prestigious Carbon Beach in Malibu, an area celebrated as one of the city’s most exclusive and upscale neighborhoods.
Described as a “contemporary beach estate,” the property exudes opulence and sophistication. Constructed in the early 1990s, this swanky home is characterized by floor-to-ceiling glass walls that flood every room with natural light and provide breathtaking views of the whitewater. Upon entering through the front door, a brief foyer leads to an expansive great room, perfectly designed for entertainment. It features a striking stone fireplace and sliding glass doors that open to a beachside balcony. The property is further enhanced by discreetly hidden gates, a courtyard-style entrance, and a comprehensive security system.
Among the various open-concept living spaces, you’ll discover a kitchen equipped with top-of-the-line stainless appliances, a carpeted primary bedroom featuring a fireplace, a sitting area, and a private balcony. The primary closet boasts a sauna, and the mansion includes an executive office, a recording studio, a vast gym, and five guest bedrooms. With nearly 9,000 square feet of living space, this mansion ranks as one of the larger residences on Carbon Beach.
This isn’t the first time Dr. Dre has attempted to sell his Malibu vacation home. Located just a 5-minute walk from the renowned Nobu Malibu, this property also served as Nicole Young’s residence during their high-profile divorce. A decade ago, this Pacific Coast Highway gem briefly graced the market with asking prices ranging from $11 million to $12.5 million.
Dre’s divorce from Young was finalized in December, involving a reported $100 million lump sum payment to her. Remarkably, he retained all of the marital homes, including the Malibu mansion, two opulent Calabasas mansions, and a $40 million Brentwood estate he acquired from Tom Brady and Gisele Bundchen. According to Forbes, Dre’s current net worth stands at an impressive $400 million
