Tom Petty's long-standing Malibu residence might be within your reach for a price of $15.5 million.
In the picturesque town of Belvedere, California, a stunning Mediterranean-style property has recently been listed for sale. This single-level dwelling, with its enchanting brick courtyard and guest bedrooms, promises an unparalleled living experience.
The property, which was initially expected to list at $19 million in the summer of 2024, has since been reduced to $15.49 million as of July 2025, according to real estate listings. The estate, with its approximately 10,000 square feet, offers seven bedrooms and ten baths, making it an ideal haven for a large family or for entertaining guests.
The main home features a sunken fireside living room adorned with skylights and hand-carved covers, offering a warm and inviting atmosphere. French doors open out to a trellised patio, inviting the outdoors in. Other amenities include a music room, a bookshelf-lined library, a gym, and a massage room, catering to various lifestyle preferences.
The primary suite is a haven of luxury, offering a fireplace, a private fountain-clad patio, a huge walk-in closet, and a luxe bath equipped with a soaking tub and a Moroccan-tiled steam shower.
The estate also includes a separate guesthouse, a recording studio, and a 16-seat dining room, outfitted with an eat-in island, a Wolf range, a butler's pantry, and a breakfast nook. The grounds of the property are equally impressive, boasting a pool, spillover spa, alfresco dining terrace, built-in barbecue, in-ground fire pit, lighted sports court, koi ponds, cascading waterfalls, and a gated parking area that can accommodate at least 15 vehicles.
The property is nestled on nearly three acres near Escondido Beach and Paradise Cove, off a private lane shared with three other homes, providing a sense of exclusivity and privacy.
Tom Petty, the legendary musician who passed away in 2017 at the age of 66, still owned a small bungalow in Pacific Palisades. However, his Malibu home, which was purchased in 1998 for $3.75 million, has been listed for sale again with a new asking price of $15.5 million.
In late 2023, Tom Petty's widow, Dana York, paid $6.6 million for a revamped 1920s Spanish Colonial Revival-style home in the Holmby Hills neighborhood of Los Angeles.
The listing for the Belvedere, CA property is held by Myra Nourmand and Levi Freeman of Nourmand & Associates. Wendy Bowman, a real estate writer at the website, has been covering luxury properties extensively, including this Belvedere estate. Bowman has previously been a freelancer for Modern Luxury and several other media outlets, focusing primarily on luxury properties.
This Belvedere estate, with its reduced asking price of $15.49 million, offers a unique investment opportunity in the real-estate market, given its luxurious amenities and location near Escondido Beach and Paradise Cove. The property's association with renowned celebrity, Tom Petty, who still owns a bungalow in Pacific Palisades, might spark additional interest among entertainment enthusiasts interested in investing in real-estate properties.
