July 9th, 2025 – Perched above Malibu’s Escondido Beach, tucked behind double gates on one of the area’s most private streets, sits a property with both Hollywood mystique and musical heritage. Listed at $15.49 million, the former estate of Tom Petty—a name synonymous with American rock—has returned to the market after an initial 2024 listing at $19 million.
Now represented by Myra Nourmand and Levi Freeman of Nourmand & Associates, this reintroduction to the luxury real estate market arrives with renewed appeal: a competitive price reflecting current market conditions and an irreplaceable provenance that transcends square footage.
Located at 27403 Pacific Coast Highway, the estate spans approximately 8,744 square feet across 2.6 private acres. Designed in a warm Mediterranean style, the single-story main residence reflects the soulful presence of its former owner, who called the property home for nearly three decades.
Here, artistry and architecture intertwine. Hand-painted Spanish tiles, carved skylight covers, and vintage chandeliers speak to a home built with an eye for detail and a reverence for craftsmanship. With five fireplaces, a chef’s kitchen, and a romantic primary suite, the estate offers both intimate corners and open entertaining spaces—each room layered with warmth and lived-in elegance.
Outside, the grounds unfold like a private park: a pool and spa, firepit, sport court, and tranquil koi ponds are framed by mature landscaping and coastal light. It's an estate designed not just for living, but for lingering.
Perhaps the most distinctive feature of the property is the two-bedroom guest house, which was transformed into Tom Petty’s personal recording studio. Fully pre-wired and acoustically treated, the studio stands as a rare legacy space—one that could be reimagined as a modern creative lab or preserved as a tribute to its origin. It offers a literal and symbolic opportunity to continue a narrative steeped in artistry.
In addition to the studio, the property includes a separate one-bedroom guest house, staff quarters, and parking for more than 15 vehicles, ensuring both privacy and flexibility for a range of future lifestyles.
Notably, this estate was untouched by the wildfires that swept through parts of Malibu earlier this year—an increasingly rare distinction in the coastal market. Its survival adds to its value, both structurally and symbolically, preserving a tangible piece of Los Angeles history and music culture.
At $15.49 million, the offering presents a compelling combination of location, size, condition, and celebrity provenance. While many properties in Malibu boast ocean views and generous acreage, few carry the personal imprint of a Rock & Roll Hall of Fame inductee whose work defined an era.
For collectors, artists, or those drawn to the intersection of privacy and creativity, this estate isn’t just a listing—it’s an inheritance of spirit and space, now ready for its next steward.