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Andre Young has sold his Carbon Beach home in Malibu for $16.5 million, stepping away from the oceanfront property he's held for more than two decades in a deal that never touched the open market.
Young, better known as Dr. Dre, has owned the three-story beachfront residence since around 2000, when he paid roughly $4.75 million to lock down a slice of one of Southern California's most sought-after stretches of coastline. The transaction, first reported by Mansion Global, closed last week.
Property records and reporting by the Santa Monica Mirror identify the buyer as the founder and general partner of a Los Angeles-based home and apartment development firm. Representatives for both parties did not respond to requests for comment.
The house itself is hard to overlook. Built in 1993, the contemporary residence spans roughly 8,843 square feet across three floors, with six bedrooms and seven bathrooms. The ocean side is lined with floor-to-ceiling glass that opens onto a series of terraces sitting directly above the sand. Pacific Coast Highway runs behind the structure; the Pacific stretches out in front.
Inside, the amenities match the profile of its longtime owner. There's a gym, a sauna and a private recording studio, all tucked into a home that sits steps from the waterline on what locals have long called Billionaire's Beach.
The property had a public-market moment in September 2011 and returned at a $20 million asking price in November 2022, only to be pulled from listings in December 2023. The final off-market figure came in at $16.5 million, below that most recent ask but well above what Young originally paid.
Kurt Rappaport of Westside Estate Agency and Christopher Cortazzo of Compass were connected to the deal on the brokerage side, according to reporting from TMZ. Rappaport's office did not provide comment when contacted.
Carbon Beach has long moved its biggest trades away from public view, and Young's exit follows the same script. The Malibu beachfront market continues to rely on private, high-dollar transactions, with trophy homes passing between owners long before a listing ever appears. Young leaves the property with an estimated gain of roughly $11.75 million over his original purchase price.
