Celebrity Living: Malibu – Larry Ellison, Cher, Courteney Cox, Jeremy Piven

Larry Ellison
Malibu, California

This palace is a playground for mega-rich Oracle software CEO Larry Ellison. Ellison bought this house from music producer David Foster for $20 million in 2005. The compound, which includes nine bedrooms, three recording studios, a guesthouse, pool, tennis court, and on-site spa, has its own funicular-a self-contained cable railway used to cart guests from the mansion on down to the pool. This impressive palace is only one of Ellison’s homes. The billionaire, who is listed as #4 on Forbes’ list of the wealthiest Americans, owns more than 12 properties in Malibu, which have a reported total value of more than $180 million. He also has homes in Woodside and San Francisco, California.

Cher
Malibu, California

Perennial actress/singer Cher has created more than a few classics in her time. Her magnificent home, set on a hillside above Malibu beach, has garnered a plethora of press, including a profile in Architectural Digest. The impressive Italian renaissance-style, three-story home is filled with bush-hammered travertine and hand-carved marble, as well as stamped copper ceilings. The property is also home to a beautiful infinity-edge pool that appears to flow over into the Pacific below.

Courteney Cox
Malibu, California

Famous Friend Courteney Cox and her husband, actor David Arquette, recently purchased this 1.85-acre property right along the shore in Malibu. The property boasts a five-bedroom, 2,142-square-foot main house, as well as an adjacent 750-square-foot guesthouse. Cox and Arquette closed on the house in August of 2006.The purchase, which was for an undisclosed price, came at the same time as the power couple listed their $33.5 million mansion just down the road in Carbon Beach.

Jeremy Piven
Malibu, California

Piven grew up on Lake Michigan in Chicago, so he claims he was naturally drawn to living on the water when he relocated to California. The Entourage star purchased this three-level oceanfront home for $3.5 million in 2004. The home, which was originally built in 1949 and remodeled in 1966, has three bedrooms and three baths laid out over 2,424 square feet. The place is now estimated to be worth $4 million.

Will Smith
Malibu, California

Will Smith and his wife Jada have been the proud owners of this $20 million ranch-style estate just above Malibu in the Santa Monica mountain range for the past five years, although the family has been residing at a nearby home for the past two while this property undergoes major renovations. The grounds include full-size basketball and tennis courts, a sand volleyball court, pool, batting cages, a guest house, horse facilities, a private lake, and gym, all to keep the active family entertained!