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Celebrity Home Galleries // Billionaire Eric Schmidt Buys Malibu Colony Beach House for $22.6M

When it comes to residential real estate acquisitions, it’s been a busy twelvemonth for erstwhile Google kahuna Eric Schmidt.

In the time elapsed since last spring, the tech exec has picked up a massive Bel Air estate — the one time home of hotelier Barron Hilton — for $61.5 million, and a $27.5 million condo penthouse in Manhattan’s Noho neighborhood. Back in L.A., Schmidt added a little elbow room by tossing down $5.2 million for a property neighboring the Hilton estate in Bel-Air within weeks of spending $65 million on Enchanted Hill, Paul Allen’s massive hilltop estate-to-be in Beverly Hills. Reach back to the late summer of 2020, and you’ll find Schmidt paying $30.8 million for a slice of the Montecito lifestyle.

While still in buying mode last summer, Schmidt shelled out $22.6 million for a 1969-built three-bedroom Malibu beachfront cottage. According to Dirt, the laid-back surfside spot changed hands quietly.

Sporting a retaining wall crowed by glass panes, the 3,495 sq. ft. home’s outdoor living areas are its essence; a covered living space with a fireplace and a rustic raw ceiling transitions to an uncovered space floored in red brick, while a wall of oversized glass panes overlooks the water from the indoor living area. A terrace takes in the Malibu panorama from the upper level.

Interior details of this house include beamed ceilings, tongue-and-groove walls, and a spiral staircase, while numbering among its amenities is a sauna, an office, a tea house, a guest house, and a streetside courtyard, also floored in red brick.

Schmidt is the founder of Schmidt Futures, a philanthropic initiative focused on discovering and supporting exceptional young talent.

Schmidt’s net worth is around $20 billion, per Forbes.

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