Word is starting to make its way down the ultra-high-end real estate gossip grapevine that Hard Rock Café co-founder Peter Morton reached an agreement to sell his spectacular oceanfront front spread on Malibu’s Carbon Beach to an unknown buyer for a mind melting and record shattering $110 million. So the story goes, Morton was not looking to sell the two-parcel property but the unsolicited offer, brought by powerhouse broker Stephen Shapiro at Westside Estate Agency according to a well-connected snitch, proved simply too good to turn down. Morton, who sold the Hard Rock Café chain in 1995 for $410 million and the famously raucous Hard Rock Hotel & Casino in Las Vegas in 2006 in an all cash deal reported to net him more than $730 million, has owned the smaller of the two parcels since sometime before 1993 and records indicate he acquired the larger lot in 1998 for $3.5 million.
/// For more information about Venice Real Estate and Venice CA sales, contact Venice Realtors David Bramante, Jos Viramontes, and Kayla Horwat at Beach Canyon in Silicon Beach, CA. Our Venice Beach real estate team specializes in Venice Los Angeles Realty, helping its clients sell, buy and invest in residential and commercial properties. ///
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