Tom Petty’s Circa-1950 Malibu Beach House Found a Buyer Fast and Is Now Pending

February 27, 2023

Anne Giordano,

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Back in December, Tom Petty’s cozy and rustic Malibu beach house hit the market asking $9.85 million. But, the chance to own it has slipped away. It only took 10 days for the residence to find a buyer and go into contract, according to Mansion Global. As of now the sale is pending, so the final closing price has yet to be seen, but it will soon change hands.

The seller is Dana Petty, the legendary musician’s wife. They picked up the 1950-built spread in 2010 and it became an ideal spot for the ‘American Girl’ singer to get creative. When listing it, the seller reflected on memories of their time there, sharing, “Tommy always had his recorder and guitar, as he was always writing and creating. I remember him writing so many songs there. Three that come to mind are ‘Good Things Coming’ and Mudcrutch song’s ‘Beautiful Blue’ and ‘Topanga Cowgirl’.”

Promising ocean views and warm breezes, it’s no wonder melodies and words flowed here. The soon-to-be new owner can follow in the late, great artist’s footsteps and use the guest house/studio with a full bathroom as a place to enjoy music or work on creative projects. Petty also loved the main house’s midcentury style, which feels instantly inviting thanks to a mix of wood paneling and stone in light-filled open spaces.

Offering just three bedrooms, it’s an intimate and quiet Malibu escape that embraces a natural, down-to-earth aesthetic. And, while you can sit out on the oceanfront deck to optimally take in the scenery, the enclosed back patio is poised for more private gatherings.

Chris Cortazzo of Compass, the same agent who sold the home to the Pettys, is representing the pending listing.