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Former Yahoo! CEO

Unloads Malibu Estate ...

$13 Mil Under Asking Price

8/13/2012 2:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0810_terry_semel_malibu_house_launchTerry Semel -- the former CEO of Yahoo! -- really, really, really wanted to sell off his giant Malibu estate ... so much so, he was willing to knock $13 MILLION off the asking price, TMZ has learned.

Back in May, Semel wanted a cool $50 mil for his 10,000 square-foot, beach front ... but TMZ has learned the house just went into escrow after Terry accepted an offer for a mere $37,000,000.

It's unclear how much Semel originally paid for the glass palace ... but he's probably not shedding too many tears over the $13 Million price slash -- since he made close to $500 MILLION during his stint at Yahoo!

So what do you get for $37 Million these days -- 9 bedrooms, 13.5 baths ... 151 feet of beach frontage ... a 3-story rotunda ... giant outdoor pool ... jacuzzi ... gazebo ... guest house ... gym and a screening room.

Oh ... and the ENTIRE PACIFIC OCEAN is your yard. NBD.

29 COMMENTS

No Avatar
1.

Jordan    

whoever bought the house had a itchy trigger finger they could have got the house for 30million or less.

803 days ago
2.

LDB    

Beautiful home inside and out

803 days ago
3.

DaveT    

You need a strong set of arms to sweep that house

803 days ago
4.

Reg    

Absolute obscenity to ask that much for that pad.
Where I come from , you can get the most gorgeous house and far superior scenery for less than 1% of that dump.

803 days ago
5.

Ephie    

GOOD!

803 days ago
6.

Oh A 💛💋    

Ugly on the outside

803 days ago
7.

Truth    

COMPLETE WASTE OF MONEY... THE MORE YOU HAVE THE MORE YOU DONT HAVE. BRAINS FOR STARTERS. #TRUTH!!

803 days ago
8.

awesomewave    

Something is very wrong with the world when one person can earn $500 million dollars...

803 days ago
9.

verlinda    

Ugly on the outside, look like Nuclear Plant.

803 days ago
10.

texaschickeee    

It is a beautiful house. Buy stock in Windex (or vinegar) for the all the glass. I hope it last, as Malibu has wildfires and mudslides. It is well worth the money dropped.
and hopeful once the the housing market picks up I hope they make it back up.

803 days ago
11.

LiLo's boy toy    

It looks like an office bldg

803 days ago
12.

Phishie from Philly    

I know of one person who is happy over this; Mark Zuckerberg or is it Suckerberg.
..
Phishie from Philly

803 days ago
13.

Johnny Carcinoma    

Wow, that is extremely ugly. Should be a tear down.

803 days ago
14.

She's baaaack    

No thanks.

803 days ago
15.

Mattie    

Is most of the house underground? It doesn't look anywhere near 10,000 sq feet...

803 days ago
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