Legendary music mogul Dr. Dre is letting go of his Malibu vacation home that he has owned for over 20 years. The oceanfront mansion was recently placed on the market for $20 million. Dr. Dre purchased the property in 2000 for $4.8 million and attempted to sell it 10 years ago with the price ranging between $11 and $12.5 million.
Ex-wife Nicole Young last occupied the home. However, it has been empty since the former couple’s divorce was finalized in December 2021. In their divorce settlement, Dre paid Young a $100 million lump sum but he was able to maintain ownership of the marital homes —including the Malibu residence, two mansions in Calabasas, and a Brentwood Estate.
Dr. Dre, whose net worth is estimated at $500 million, is one of the most prominent producers in music. He began his career in music as a member of the World Class Wreckin’ Cru. In 1986, he became a member of the rap group NWA. Popularizing West Coast G-funk and gangsta rap as a genre, Dr. Dre is known for producing slow, heavy beats. He is the founder and CEO of Aftermath Entertainment, helping artists such as Eminem and 50 Cent. He is also co-founder of Beats Electronics, which was acquired by Apple, Inc. for $3.4 billion in 2014. He also established and owned Death Row Records. Dr. Dre has won six Grammy Awards. According to Forbes, Dr. Dre has a net worth of $400 million.
An Oceanfront View
The three-story mansion is situated on almost 7,000 square feet behind secured gates and is a five-minute walk to Nobu Malibu. Located on Malibu’s Carbon Beach, it is one of the most expensive locations within the city limits.
The beachfront estate was built in 1993 and features floor-to-ceiling walls of glass. Every room in the home is flooded with natural light.
A courtyard-style entryway allows visitors to step into a foyer leading into a larger room that includes a stone fireplace. Sliding glass doors lead to a beachside balcony.
Throughout the home are open-concept living spaces. The kitchen includes premium stainless appliances. The home includes six bedrooms and seven bathrooms. However, the master bedroom suite features a fireplace. There is also a sitting area, private balcony, office, recording studio, and gym.