Tom Petty’s Iconic Malibu Estate Hits the Market for $19 Million – A Rare Opportunity to Own Rock Legend’s Retreat!

The Mediterranean-style Malibu estate that was the longtime and beloved home of the iconic late rocker Tom Petty is hitting the market for $19 million.

“He loved that house, it was a sanctuary,” said listing agent Pamela Van Ierland, an agent affiliated with the Malibu office of Coldwell Banker Realty, and a personal friend of Petty and his wife, Dana. “It was always full of music and laughter and love.”

The pair bought the home in 1998, said Van Ierland, who has fond memories of the home, from Christmas and Thanksgiving celebrations to “Tommy showing my daughter how to play ‘Free Fallin’’ on the harmonica,” and hangouts with the Heartbreakers.

The home has a number of fountains.

Unlike so many celebrity homeowners in Malibu, Petty opted for a residence a little further away from the beach. “I knew them when they bought it, and he said ‘I don’t want to fall into the ocean 25 years from now,’” Van Ierland said. “Dana and Tommy didn’t care about the views, they wanted tranquility.”

This home is right in the heart of Malibu, but it feels like it’s in the middle of nowhere, she explained.

The 10,000-square-foot home is character-laden, from the rich dark wood flooring and Spanish-tiled bathrooms to the antique sconces and vintage chandeliers.

A formal great room boasts a grand fireplace beneath hand-carved skylight covers—a personal touch from Petty, said Van Ierland, who will be bringing the home to the market in the next few weeks.

The grounds are lush.

There’s also a wood-paneled library and TV room; a music room; a chef’s kitchen with an adjacent butler’s pantry; a gym and massage room; and a formal dining room with seating for 16.

There are seven bedrooms across the property, including the primary suite, which is a “beautiful space,” Van Ierland said, and has French doors leading to an enclosed courtyard, and a massive closet. “I’ve never seen a man with so many Western flannel jammies in my life,” she added.

The property is tranquil and verdant.
It sits on close to 3 acres.

Nestled on roughly 2.6 acres, the grounds are lush with flat lawns, fountains, ponds, waterfalls and a pool.

There’s also a separate one-bedroom guesthouse, and, of course, the studio, which Petty converted from another guest house. Fitted with a living room, bathroom, rehearsal rooms and recording studios, the space, where Petty wrote plenty of music, could be repurposed as a screening room, a game room or converted back into guest accommodations.

It’s “truly a magical estate, owned by an amazing man who left the world way too soon,” Van Ierland said. “I hope that whoever buys it will have a connection to him and his music. It’s so full of memories.”

One of the best-selling artists of all time, Petty most famously fronted Tom Petty and the Heartbreakers, and had a successful solo career too.

In December 2001, Tom Petty and the Heartbreakers were inducted into the Rock and Roll Hall of Fame.

Petty died in 2017 at the age of 66.