Michael Ovitz may not be building the massive 10,000 sq. ft. mansion we envisioned over his three adjoined Malibu lots, as he just listed the beachfront properties for a hefty $29.5M. The former president of Walt Disney Company snagged the three properties with obvious visions of a developed oceanfront estate.
The properties together amass a little over an acre, but Ovitz planned to build an eight bedroom, 9.5 bath home with a swimming pool, spa, tennis court and screening room designed by Steve Giannetti. The outdoor area would have also featured patios and balconies for the perfect ocean view.
Photos courtesy of Realestalker