George Lucas drops $ 28 million on next beach house in California

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By Mark David | Variety

Semi-retired filmmaker George Lucas, whose “Star Wars” franchise has more than half a dozen film and television projects in various stages of production, has dramatically and at great expense expanded his already substantial real estate holdings along the way. an exclusive stretch of beach. in the Californian seaside community of Carpinteria, spending $ 28 million on an off-market deal to acquire a beachfront property next to another beachfront property he has owned since 2010, when he ripped off for nearly $ 20 million. As the property was not listed on the open market, details are scarce. However, sources familiar with the transaction told The Wall Street Journal, the first to report the sale, that the property of just over two acres includes a modest Cape Cod-style house located near the water’s edge. as well as an independent guest house and a small barn just inside the gated entrance.

Some of the many other showbiz people who own or have owned oceanfront homes along the same ultra-exclusive street include Kevin Costner, Mila Kunis and Ashton Kutcher and Ellen DeGeneres and Portia De Rossi, who sold earlier. a contemporary with striking glass walls. this year for $ 23 million, which is $ 4.4 million more than they paid less than two years earlier.

The innovative and powerful filmmaker, who runs a $ 6.4 billion fortune, and his wife, Mellody Hobson, president of a Chicago-based investment firm, are die-hard real estate players who maintain a big portfolio luxury homes valued at $ 150-200 million. In addition to the nearly 5,000-acre Skywalker Ranch complex near the community of Nicasio, Northern California, a retreat with state-of-the-art screening rooms and filming facilities, it has long maintained a multi-acre estate anchored in a mansion of over 15,000 square feet in nearby San Anselmo.

In the spring of 2015, Lucas and Hobson, who were due to open the Lucas Museum of Narrrative Art in Los Angeles next year, shelled out nearly $ 19 million for a sprawling penthouse atop an ultra-luxurious skyscraper along from Chicago’s prestigious Magnificent Mile. And, almost exactly two years later, they paid the recently deceased billionaire businessman H. Ross Perot nearly $ 34 million in an off-market deal for a late-1980s Spanish villa. 1920 in a plum pocket in the Bel Air district of Los Angeles. The former owners of the illustrious less than an acre estate are Maverick Records founder Freddy DeMann and entertainment industry executive Robert Daly and his late ex-wife, activist philanthropist Nancy Daly Riordan.


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