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Saturday, May 14, 2011

Mel Gibson's Malibu Compound Relisted For $11.8 Million

Mel Gibson's Malibu Compound Relisted For $11.8 Million

A Malibu, Calif. compound owned by Mel Gibson has been relisted at the reduced price of just under $11.8 million. That's 19% off its original $14.5 million asking price in March 2010.

The controversial star bought the 2.6-acre property with his wife, Robyn, in 1989; Ms. Gibson filed for divorce in 2009.

Mel Gibson Malibu Compound

The property is known as Lavender Hill and has a six-bedroom main house and three guest houses. There's also a pool, a lighted tennis court, fruit orchards and an outdoor entertainment pavilion.

The estate was built and designed by Hollywood composer Leonard Rosenman and was later owned by musician Rick Springfield.

"Now that the children are grown, there is no need for such a large property," the listing agent, Ellen Francisco of Coldwell Banker, said in a statement. A representative for Mr. Gibson declined to comment.

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