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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
16.

batterup    

He should be fined for littering the beach. that thing is an eyesore.

620 days ago
17.

whatevs    

It looks dated (90's). I agree that it looks more like an office building...

620 days ago
18.

Rocco    

Now, that's a mansion. Not those Valley celebrity tract homes you usually try to sell us as 'estates'.

620 days ago
19.

_][ Character_Assassin ][_    

Better get a geological survey to see how much land and beach erosion is happening before picking that one up. Looks like the beach is getting a little too close.

620 days ago
20.

Otto    

A guy that makes $500 million spends 10% on that on a beach house? No wonder he got fired.

620 days ago
21.

people_never_change    

Yep. mere.

620 days ago
22.

Straight Talkin Texan    

It has cool architectural details, but the bathrooms and lack of window light isn't cool.

620 days ago
23.

Reg    

@OOOOONOOO!
Yeah I live about two doors down from you. .

620 days ago
24.

King34    

I think he needs to call the property brothers on this one....

619 days ago
Previous 15 Comments | 1 | 2

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