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.
For anyone else, that would be a frustrating story. For David Spade, it’s almost a bit from one of his stand-up sets.
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.
| Detail | Info |
| Full Name | David Wayne Spade |
| Date of Birth | July 22, 1969 |
| Age (2026) | 56 |
| Birthplace | Birmingham, Michigan |
| Raised In | Scottsdale, Arizona |
| Education | Arizona State University |
| Career | SNL cast member (1990–96), actor, stand-up comedian, podcast host |
| Famous Roles | Tommy Boy, Black Sheep, Just Shoot Me!, Rules of Engagement |
| Net Worth (2026) | ~$70 million |
| Current Home | Hollywood Hills, LA (purchased 2021 for $13.85M) |
| Podcast | Fly on the Wall (co-hosted with Dana Carvey) |
David Spade House Malibu: Location and Setting
The David Spade house Malibu sits at 21606 Pacific Coast Highway, right on La Costa Beach — one of the most coveted stretches of beachfront in all of Southern California.
La Costa Beach sits between Point Dume and central Malibu. It’s a wide, sandy beach known for its privacy, its celebrity residents, and the quality of its Pacific Coast Highway beachfront properties. The address places you roughly:
- 25 miles west of Downtown Los Angeles
- Adjacent to the Ozzy and Sharon Osbourne beachfront property (Spade’s famous neighbors)
- Steps from the sand on 60 feet of private La Costa Beach shoreline
The property is a two-story structure sitting directly on the PCH side. The back of the house descends to the beach via a rear deck staircase. That staircase leads to 60 feet of private La Costa Beach shoreline — the entire reason the property was worth $9.3 million to begin with.
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: Buddha, Bougainvillea, and Beach Access
David Spade house Malibu front entrance is flanked by a stone Buddha fountain and flowering bougainvillea. It’s an unusual welcome for a Pacific Coast Highway beachfront — but that unexpected detail sets the tone for a home that’s warmer and more personal than most celebrity properties.
The two-story structure has soft stucco walls and wide French doors running across multiple balconies. A glass-walled sunroom adds light. Covered patios on multiple levels create layered outdoor spaces for different times of day and different moods.
A reinforced bulkhead — seawall — runs along the property’s beach-facing boundary. Spade invested in a newer bulkhead and foundation during his ownership, protecting the property from high-tide erosion.
That was a significant capital investment that added real long-term value to the property — the kind of upgrade that made the eventual $10.2 million sale price defensible despite the six-year struggle to get there.
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 fireside primary suite is on the upper floor with a private balcony. It has its own fireplace — the second in the home — which gives the room a warmth and intimacy that purely ocean-facing bedrooms sometimes lack.
The private balcony faces the ocean. Morning coffee out here, with the Pacific directly below and La Costa Beach stretching in both directions, is the whole point of spending $9.3 million on a beachfront property.
The primary bath is spotlighted by a large oval soaking tub. Clean, elegant, spa-adjacent without being clinical. The room also has a separate den or office space adjacent to it — a quiet corner for work or reading that keeps those activities separate from the sleeping space.
Three more bedrooms complete the home for a total of four — enough for a weekend full of friends or family. Each room maintains the coastal-warm aesthetic of the rest of the house.
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
Now we reach the real reason this property sold for $10.2 million.
Step out the back of the house and a rear deck extends toward the sand. Stairs descend from the deck to 60 feet of private La Costa Beach shoreline. That beach access — the ability to walk from your kitchen to the Pacific in two minutes — is irreplaceable.
Before you reach the stairs, an interior brick courtyard hosts a black-bottom lap pool. The pool is elegant and unexpected — positioned in the courtyard between the home and the beach, it gives you a contained swimming option that doesn’t compete visually with the ocean just beyond.
Adjacent to the pool, a cabana has a seated bar. It’s the kind of outdoor space that turns an afternoon into an event. Comfortable, covered seating. A bar stocked and ready. The ocean on one side, the pool on the other.
The whole outdoor setup flows naturally from the interior. The design doesn’t create hard boundaries between inside and outside. You move from the living room to the balcony to the deck to the pool to the beach as if the property has no edges.
The Six-Year Saga: David Spade’s Long Road to Selling
This is the part of the David Spade house Malibu story that everyone remembers — and it’s worth telling properly.
Spade bought the property on May 20, 2005, for $9,300,000. Just two years later, in 2007, he listed it at a then-ambitious $16,000,000. The timing was unfortunate: the US real estate market peaked in 2006 and began its historic collapse in 2007. No buyer materialized.
He delisted the home and leased it out, extracting rental income while waiting for market conditions to improve. Then in December 2011, according to Trulia, he relisted it at a more realistic $13.5 million. It sat on the market for nearly two more years.
On June 13, 2013 — eight years after buying it — Spade closed the sale at $10,225,000. The buyer was a C-level executive from Netflix: Ted Sarandos, who would later become Netflix’s co-CEO.
The math: Spade paid $9.3M, invested in bulkhead and foundation upgrades, carried the property for eight years including a rental period, and sold for $10.225M. By the time you factor in carrying costs, upgrade investments, and agent fees, he likely made very little — if anything — on the transaction.
And yet: Robb Report called it in 2024 one of the most notable former celebrity homes in the Malibu market. So something worked.
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
| Year | Event | Price |
| May 2005 | Spade purchases Malibu beachfront | $9,300,000 |
| 2007 | Listed for sale — no buyer | $16,000,000 (asking) |
| 2007–2011 | Delisted, leased out | — |
| December 2011 | Relisted | $13,500,000 (asking) |
| June 2013 | Sold to Ted Sarandos (Netflix) | $10,225,000 |
| Early 2022 | Beverly Crest estate sold | $19,500,000 |
| Late 2024 | Malibu home relisted for rent (Saghian) | $59,000–$65,000/month |
David Spade’s Additional Properties
The Malibu beach house was the most famous David Spade address. But it’s not the whole picture.
| Property | Location | Purchase | Sale | Notes |
| La Costa Beach House | 21606 PCH, Malibu, CA | $9.3M (2005) | $10.225M (2013) | Beachfront; 4 bed/3.5 bath; sold to Ted Sarandos |
| Beverly Crest Estate | Beverly Hills area, CA | Not disclosed (2001) | $19.5M (2022) | Former Eddie Murphy and Warren Beatty home; sold 2022 |
| Hollywood Hills Mansion | Near Comedy Store, LA | $13.85M (2021) | Current primary home | 11,300 sq ft, 3 stories |
| Arizona Property | Scottsdale, AZ area | Not disclosed | Status unknown | His home state; childhood in Scottsdale |
Let’s have a detail look at the David Spade additional property.
David Spade House Beverly Hills
This is one of the more fascinating footnotes in the David Spade real estate story. His Beverly Crest home — in the Beverly Hills area near Trousdale Estates — previously belonged to both Eddie Murphy and Warren Beatty before Spade bought it in December 2001.
He paid $4 million for it in 2001. He sold it in early 2022 for $19.5 million after listing it at nearly $20 million. That’s a $15.5 million gain on a home he owned for 20 years — his best real estate deal by a significant margin. The contrast with the Malibu saga, where he made almost nothing, is striking.
The Beverly Crest sale was also notably faster than the Malibu experience. The LA luxury market was extremely active in 2021–2022, and a home with Eddie Murphy and Warren Beatty provenance in Trousdale Estates sold quickly.
David Spade House Hollywood Hills
In October 2021, Spade bought a modern mansion near the Comedy Store on Sunset Strip for $13.85 million. The three-story property spans approximately 11,300 square feet — significantly larger than the Malibu beach house — and represents his primary Los Angeles residence.
The Hollywood Hills location puts him close to the Sunset Strip comedy venues he’s performed at throughout his career and near his professional network in the entertainment industry. It’s a practical choice for an active working comedian who still does live shows, podcasts, and television.
The contrast between this property and the Todd Graves House in Baton Rouge — where a billionaire stayed close to his roots in modest surroundings — shows two very different philosophies of how to translate success into real estate. Spade upgraded significantly when he moved to the Hollywood Hills.
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
Beyond the Malibu, Beverly Hills, and Hollywood Hills properties, Spade has maintained connections throughout the Los Angeles real estate ecosystem. His 20-year ownership of the Beverly Crest home gave him one address across three decades of the LA market. The Hollywood Hills purchase at $13.85 million represents his largest single real estate investment.
For someone whose public persona is built on self-deprecating humor about wealth and Hollywood, his real estate portfolio is quietly impressive. He’s navigated three major LA markets — Malibu beachfront, Beverly Hills, and Hollywood Hills — across two decades, and the exits have mostly worked in his favor.
Just not the Malibu one. But at least the house was beautiful.
Much like how athletes like the players featured in the TJ Watt House story invest in properties that reflect their off-field lives, Spade’s real estate choices have always reflected his actual day-to-day needs. He wanted a beach house — he got one. He wanted a Beverly Hills address with history — he bought one from Eddie Murphy. He wanted something close to work — he bought the Hollywood Hills property near the Comedy Store.
Every purchase made sense for the life he was living at the time.
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.
| Category | Detail |
| Net Worth (2026) | $70 million |
| SNL era earnings | Cast member + writer, 1990–1996 |
| Peak TV earnings | Just Shoot Me! + Rules of Engagement combined: est. $30M+ |
| Real estate summary | Malibu (+$925K), Beverly Crest (+$15.5M), Hollywood Hills (current) |
| Best real estate deal | Beverly Crest — bought $4M (2001), sold $19.5M (2022) |
| Worst real estate deal | Malibu — bought $9.3M (2005), sold $10.225M (2013) after 8 years |
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.
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.
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.
