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Real Estate News

December 30, 2011

Howie Mandel Lists Malibu Home for $7.25 Million

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Howie Mandel is hoping it's a deal — rather than no deal — for the home he recently listed on the Malibu real estate market. The TV host's custom-built Cape Cod-style manse is listed for $7.25 million.

The "America's Got Talent" judge bought the home back in 2006 for $3 million. In 2008, he tore the entire thing down to build his dream house with the help of renowned architect Douglas Burdge, which accounts for the $4.25 million price increase.

Mandel's built his career based on show-business versatility, with stints in film, TV and stage. His work on the Emmy Award-winning "St. Elsewhere" and "Bobby's World" made Mandel a mainstay of the American comedy scene.

As the former host of NBC's popular game show "Deal of No Deal," Mandel was awarded a prime time Emmy nomination for Outstanding Reality/Competition Host and a Daytime Emmy nomination for Outstanding Game Show Host. Currently, Mandel is the host and executive producer of the upcoming Fox special "Mobbed," scheduled to premiere after "American Idol" in March.

Mandel's traditional-style house is trimmed with shake shingles and stonework and sits on more than an acre with ocean views, an expansive lawn and a swimming pool with spa. Located in the Point Dume area, the home is within walking distance of Malibu's star-studded beaches, where you might catch of glimpse of celebrity neighbors like Ellen Degeneres, David Spade, and Matthew Perry.

The 6-bedroom, 7-bathroom estate boasts 5,936-square feel of living space including an office, theater, gym and guesthouse. The listing description notes the home was "crafted with the finest of finishes, the timeless architectural-style weds both an elegant sophistication and casual seaside living with a seamless indoor [and] outdoor flow."

The listing is held by Matt Rapf of Luxury Real Estate.

According to mortgage rates on Zillow Mortgage Marketplace, a monthly payment for this home would be $26,874 assuming a 20 percent down payment on a 30-year-fixed rate mortgage.

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