David Spade House Malibu: Inside $10.2M Beachfront Manion

David Spade bought a beachfront home in Malibu for $9.3 million. He tried to sell it for $16 million two years later. No one bought it. He dropped the price. Still nothing. He leased it out, relisted it, and eventually sold it six years later for $10.2 million — just slightly above what he paid.

The David Spade house Malibu at 21606 Pacific Coast Highway is one of the most storied properties on La Costa Beach. It was sold to Netflix’s Ted Sarandos in 2013. Then changed hands again to Fashion Nova CEO Richard Saghian, who listed it for rent at $59,000 to $65,000 a month in late 2024.

I’m Ramon Weber. Let me walk you through every room of the beach house that couldn’t sell — and turned out to be worth every dollar of the wait.

Quick Snapshot of David Spade Property

Who Is David Spade?

David Spade grew up in Scottsdale, Arizona — a detail that connects to his second known property, which we’ll get to later. He broke through on Saturday Night Live from 1990 to 1996 as one of the show’s sharpest voices, known for his Hollywood Minute segment and his partnership with the late Chris Farley. Their films Tommy Boy (1995) and Black Sheep (1996) became cult classics.

After SNL, he starred in Just Shoot Me! for six seasons and Rules of Engagement for seven. He’s remained a constant presence in stand-up, television, and podcasting. In 2026 he’s on a world tour, and his podcast Fly on the Wall with Dana Carvey is one of the most-listened-to comedy shows in the US.

He earned serious money through the 2000s and 2010s and deployed a chunk of it into California real estate — starting with the Malibu beachfront property in 2005.

David Spade House Location and Google Map

I had the chance to visit the David Spade house with a friend who has connections in Malibu’s luxury real estate scene, and the location alone explains why this property is so sought after.

Standing along Pacific Coast Highway, I could see the waves just beyond the rear deck, with the peaceful atmosphere of La Costa Beach all around me. It felt private yet incredibly exclusive, surrounded by celebrity homes and some of the most valuable beachfront real estate in Southern California.

• Address: 21606 Pacific Coast Highway, Malibu, California
• Neighborhood: La Costa Beach, Malibu
• Beach Access: 60 feet of private La Costa Beach shoreline
• Nearby Landmarks: Between Point Dume and central Malibu
• Distance from Downtown Los Angeles: Approximately 25 miles west
• Notable Neighbor: Ozzy and Sharon Osbourne’s beachfront property

David Spade House Pictures

Inside the David Spade Home: Full Tour

Let me take you through David Spade house Malibu the way the Robb Report and Forbes photographed it — room by room, from the stone Buddha at the front gate to the sand at the bottom of the rear stairs.

Exterior

The exterior of David Spade’s Malibu house blends comfort with coastal charm. A stone Buddha fountain and colorful bougainvillea create a peaceful entrance. Soft stucco walls, wide French doors, and a bright glass sunroom give the home an open feel.

Covered patios on multiple levels offer relaxing outdoor spaces with ocean views. One of the smartest upgrades was the reinforced seawall and foundation, which helped protect the beachfront property from erosion and supported its eventual sale price of $10.2 million.

Living Room

Step inside and the living room immediately sets the tone with warmth and openness. A fireplace anchors the space, creating a cozy focal point while still feeling elegant and airy.

Large ocean-facing windows bring in natural light and offer uninterrupted views of the Pacific, making the room feel connected to the coastline. The wood flooring and high ceilings add to the sense of space, allowing the room to breathe rather than feel enclosed.

Dining Room

The dining area flows seamlessly from the living space, forming a combined layout that feels both functional and refined. It shares the same stunning ocean views and natural light, making every meal feel like part of the coastal experience.

The fireplace nearby adds a soft, welcoming glow that enhances the atmosphere, especially in the evening. Sightlines toward the rear deck and beach further blur the boundary between indoors and outdoors.

Family Room (Upper Level)

A set of steps leads from the main living area to a family room above. This space is more casual and private, designed for relaxed gatherings, entertainment, or quiet downtime.

It creates a smart separation from the formal living areas below while still feeling connected to the home’s open layout. The elevated position adds a sense of retreat within the house.

Oceanfront Alfresco Dining Balcony

Just off the main living area, a partially glassed-in alfresco dining space extends onto an oceanside balcony. This unique spot feels like an outdoor extension of the interior, with a covered dining setup surrounded by fresh Pacific air.

The sound of waves from La Costa Beach below and panoramic views on multiple sides make it one of the most memorable features of the home.

Kitchen: Viking Appliances and an Eat-In Peninsula

The kitchen is small but well-designed — a tight, stylish space with an eat-in peninsula and Viking appliances. It’s not a large kitchen by celebrity standards. But for a beachfront property where you came to relax, not to cook for twenty, it’s exactly what the house needs.

Clean finishes. Streamlined cabinetry. Soft tones in keeping with the coastal palette. The eat-in peninsula keeps the space social rather than isolated. It connects naturally to the dining area just steps away.

A sky-lit staircase off the main level heads upstairs — one of those design touches that adds unexpected drama. When you’re walking up to the bedrooms and light is coming down through the skylight above, the house feels considered in a way that purely functional staircases don’t.

Bedrooms

The home features four bedrooms, including a luxurious primary suite on the upper floor. It includes a private ocean-view balcony and a cozy fireplace, adding warmth to the relaxing space.

The suite also offers a large oval soaking tub and a separate den or office, perfect for work or quiet reading. Three additional bedrooms provide comfortable accommodations for family or guests. Every room follows the home’s inviting coastal style, blending natural light, soft finishes, and beautiful beach views.

Bathrooms

Three full bathrooms and a half bath serve the home. The master en-suite is the standout — large oval soaking tub, quality fittings, soft materials throughout. The additional bathrooms are well-finished and consistent with the overall standard of the property, similar to the Kyle Busch House.

The Four Fireplaces

This detail deserves its own mention. Four fireplaces across a 3,763-square-foot home is a high ratio — roughly one per 900 square feet. The living room has one. The primary suite has one. The study has one. The fourth appears in another room.

For a Malibu beachfront property, this might seem excessive. But the California coast gets genuinely cold in the evenings — especially in the marine layer months from June to August — and having a fireplace in every major space means this home works as well on a cool December night as it does in August sunshine.

It’s also a design choice that says something about how Spade used the house. Not as a pool-party showcase property, but as an actual retreat.

Outdoor Spaces: Pool, Cabana, and La Costa Beach

The outdoor space is what truly sets this $10.2 million Malibu home apart. A rear deck leads to stairs that reach 60 feet of private La Costa Beach, giving direct access to the Pacific Ocean. Just before the beach, a brick courtyard features a sleek black-bottom lap pool for a private swim.

A covered cabana with a seated bar creates the perfect spot for relaxing or entertaining. Every outdoor area connects smoothly, making the home feel open, peaceful, and closely tied to the coastline.

The Six-Year Saga: David Spade’s Long Road to Selling

David Spade’s Malibu home had one of the longest celebrity home sales in the area. He purchased the beachfront property on May 20, 2005, for $9.3 million. Just two years later, in 2007, he listed it for $16 million. Unfortunately, the timing coincided with the U.S. housing market crash, and the home did not sell.

Instead of leaving it vacant, Spade rented the property while waiting for market conditions to improve. In December 2011, according to Trulia, he put it back on the market with a reduced asking price of $13.5 million. After nearly two more years, the house finally sold on June 13, 2013, for $10.225 million to Ted Sarandos, who later became Netflix’s co-CEO.

Although the final sale price was higher than what Spade originally paid, years of ownership, renovation work, maintenance costs, and selling expenses likely left him with only a small profit. Even so, the home remains one of Malibu’s most recognized former celebrity properties.

What Happened to the House After Spade?

The ownership trail after Spade is genuinely interesting.

Ted Sarandos — who went on to become Netflix’s co-CEO, the man behind the global streaming revolution — bought the La Costa Beach home in 2013. It stayed in his portfolio for years as a luxury beach retreat.

The property then moved to Fashion Nova CEO Richard Saghian — the billionaire fast-fashion entrepreneur best known for paying $141 million for the Bel Air megamansion that appeared in a viral listing. Saghian listed the Malibu home for rent at $59,000 per month in late 2024, a figure raised to $65,000 per month in some subsequent listings.

The fact that a home David Spade bought for $9.3 million and eventually sold for $10.2 million after a six-year struggle now rents for $65,000 a month says everything you need to know about the Malibu beachfront market.

David Spade House Fire: What Actually Happened?

Multiple people search for “David Spade house fire” and the story traces to the January 2025 Los Angeles wildfires that devastated communities including Pacific Palisades, Altadena, and parts of the broader LA area.

David Spade’s properties were not confirmed as fire-damaged during the January 2025 fires. However, Spade made national headlines for offering a $5,000 reward to help identify suspected arsonists during the fires — a genuine act of community engagement that showed how seriously the fires affected the celebrity community.

His current Hollywood Hills home sits in an area adjacent to fire-vulnerable terrain. No damage has been publicly confirmed.

David Spade House for Sale: Full History

David Spade’s Additional Properties

The Malibu beach house was the most famous David Spade address. But it’s not the whole picture.

Let’s have a detail look at the David Spade additional property.

David Spade House Beverly Hills

David Spade bought his Beverly Crest home in December 2001 for $4 million. The property had an impressive history, previously owned by Eddie Murphy and Warren Beatty. After living there for about 20 years, Spade listed the home for nearly $20 million and sold it in early 2022 for $19.5 million. The sale earned him an impressive $15.5 million profit, making it the most successful real estate deal of his career. The strong 2021–2022 luxury market helped the home sell quickly.

David Spade House Hollywood Hills

David Spade bought this modern Hollywood Hills mansion in October 2021 for $13.85 million. The three-story home offers about 11,300 square feet of living space, making it much larger than his Malibu beach house. Located near the Comedy Store and the Sunset Strip, the property keeps him close to the comedy clubs and entertainment industry.

Today, it serves as his main Los Angeles residence and reflects both his career success and preference for a stylish, convenient lifestyle. The contrast between this property and the Todd Graves House in Baton Rouge — where a billionaire stayed close to his roots in modest surroundings.

David Spade House Arizona

David Spade grew up in Scottsdale, Arizona — not a celebrity address by any stretch, but the place that shaped his dry, outsider humor. He attended Arizona State University before moving to Los Angeles to pursue comedy.

He doesn’t publicly maintain a primary Arizona residence. But searches for “david spade house arizona” reflect genuine curiosity about his roots, and they trace back to Scottsdale — a city that has since become one of Arizona’s most expensive residential markets in its own right.

David Spade House Los Angeles

David Spade has built a smart Los Angeles real estate portfolio over more than 20 years. He owned a Beverly Crest home for two decades before buying a $13.85 million mansion in the Hollywood Hills, his biggest property investment. He also owned a beachfront home in Malibu and a former Eddie Murphy estate in Beverly Hills.

Each purchase matched his lifestyle at the time, from relaxing by the ocean to living closer to work, showing practical planning rather than flashy spending. Much like how athletes like the players featured in the TJ Watt House story invest in properties that reflect their off-field lives.

David Spade Net Worth and Real Estate Portfolio Value

David Spade Net Worth is $70 Million. Spade’s real estate career is almost as interesting as his entertainment career. One spectacular win in Beverly Crest. One drawn-out near-breakeven in Malibu. And a $13.85 million bet on the Hollywood Hills that he’s currently living in.

The net real estate gain across his portfolio is well into the tens of millions — not bad for a comedian who started out doing crowd work at Arizona clubs.

Fun Facts About the David Spade Malibu House

• Spade’s famous neighbor on La Costa Beach was Ozzy and Sharon Osbourne — directly adjacent to the property.
• The buyer who finally ended Spade’s six-year selling saga was Ted Sarandos — who later became Netflix’s co-CEO.
• The home is currently owned by Richard Saghian — Fashion Nova’s CEO, who also bid $141 million for the infamous Bel Air megamansion listing.
• Saghian listed the home for $65,000 per month in 2024 — roughly 6× the monthly cost of owning it when Spade first purchased it.
• The four fireplaces in a 3,763-square-foot home give it roughly one fireplace per 940 square feet.
• Spade originally asked $16 million in 2007 and eventually sold for $10.225 million — a $5.775 million haircut from his original expectation.
• The bulkhead and foundation upgrades Spade funded during his ownership added lasting structural value to the property.
• The black-bottom lap pool sits in an enclosed courtyard between the home and the beach — giving it visual privacy from the ocean-facing side.

Conclusion

The story of the David Spade house Malibu is ultimately a story about patience, timing, and the unpredictability of even the most desirable real estate markets. A man paid $9.3 million for 60 feet of La Costa Beach shoreline. He tried to sell it for $16 million. The market crashed. He waited. He waited some more. He sold it eight years later for $10.2 million.

And the house is still gorgeous. The stone Buddha is still at the entrance. The black-bottom pool is still in the courtyard. The rear deck stairs still lead to the same 60 feet of Malibu sand.

Spade’s comedy was always about the gap between expectation and reality. His Malibu house lived that gap more honestly than most celebrity properties ever do. Dreaming of a beautiful home like the David Spade House? Contact our services today for expert home design, renovation, and improvement solutions.

Frequently Asked Questions

Did David Spade make money on the Malibu house? 

Barely. He bought for $9.3M in 2005 and sold for $10.225M in 2013 — a nominal gain of roughly $925K over eight years, before agent fees, carrying costs, and renovation investments.

Who bought David Spade’s Malibu house? 

Ted Sarandos — then a C-level Netflix executive, now Netflix co-CEO — bought it for $10,225,000 in June 2013.

Who owns the Malibu house now? 

Fashion Nova CEO Richard Saghian, who listed it for rent at $59,000–$65,000 per month in late 2024.

Is the David Spade Malibu house for sale? 

As of 2026, it is listed for lease rather than sale. Richard Saghian, the current owner, has been offering it as a luxury rental.