Tom Petty’s Marvelous Malibu Compound Will Soon Hit the Market for $19M

Tom Petty‘s fabulous Malibu compound will soon be for sale at a primo price—$19 million. The musician, who died at age 66 in 2017, purchased the property in 1998.

Built in 1943, the incredible home is currently configured with four bedrooms and 10 baths. There’s 8,500 square feet of living space, including a recording studio, and the mansion sits on a 2.6-acre parcel.

“This house is such a beautiful place, so full of love,” says the listing agent, Pamela Van Ierland with Coldwell Banker Realty. “I was friends of the Pettys for 25 years, and every time I came over, the house was so full of music—it was the most magical property I’ve ever seen.”

With its 10 fountains, ponds with waterfalls, grassy expanses, and flower-filled trellises, the property is “magical,” according to the listing. The location is close to Escondido Beach.

The great room has skylights and a stately fireplace that Petty himself renovated. A wood-paneled library, music room, and chef’s kitchen are adjacent, and the formal dining room seats 16.

Charming touches throughout the home include dark hardwood floors, Spanish tiles, and chandeliers.

The primary suite is luxurious with a fireplace, an enormous closet, and access to a courtyard with a fountain. The bathroom is equally posh with a fireplace.

The two-bedroom guesthouse and garage were turned into Petty’s music studio. There’s a living room in this music space, a bathroom, a pair of recording rooms, and two rehearsal rooms.

Other amenities include a pool, spa, sauna, massage/yoga room, an orchard, and a sport or pickleball court. A whole-house generator is ready to go in case of a power outage. Staff quarters and a one-bedroom guest house complete the estate.

Many famous musicians visited Petty at home over the years. They include George Harrison, Jeff Lynne of ELO, and Jackson Browne, Van Ierland notes.

Petty sang a rollicking mix of Southern and country rock with his first band, The Epics, which later became Mudcrutch. He was best known as the lead singer of Tom Petty and the Heartbreakers.

The band’s hits include “American Girl,” “Refugee,” and “Free Fallin.’” Petty was also a member of The Traveling Wilburys, along with Roy Orbison and Bob Dylan.

According to Van Ierland, there’s been some interest in the storied property from several musicians—so perhaps Petty’s estate will continue to generate songs for years to come.