Own the Studio Where Rock History Was Made—Tom Petty’s Malibu Retreat Is Back on the Market
A slice of rock and roll history is back on the market. The late Tom Petty’s longtime Malibu estate has officially returned to listings, now priced at $15.49 million. This Spanish Mediterranean-style retreat in Escondido Beach isn’t just a celebrity home—it includes one of the most distinctive features in any musician’s residence: a custom-built recording studio originally crafted for the iconic rocker himself.
A bird’s-eye view of Tom Petty’s iconic Malibu estate, now listed for $15.49M—complete with a private music studio and sweeping Pacific views.
Petty, the Florida-born legend behind “Free Fallin’” and “I Won’t Back Down,” purchased the Malibu property in 1998 for $3.75 million. For nearly two decades, it served as his creative sanctuary, where he wrote, recorded, and lived with his family until his death in 2017.
After a previous listing attempt in 2024 priced the home closer to $19 million, the estate has now been reintroduced at a more enticing figure—likely in an effort to attract buyers as Malibu’s ultra-luxury market recalibrates. According to Architectural Digest, the new listing offers both the star power and tangible craftsmanship to justify the ask.
Inside the light-filled living room of Tom Petty’s Malibu home, featuring white furnishings, rustic wooden details, and a relaxed California vibe.
The estate spans 2.6 acres of land above Escondido Beach and Paradise Cove—some of the most desirable coastline in Malibu. Hidden behind a double-gated street, the 8,744-square-foot main home features hand-painted Spanish tile, arched windows, beamed ceilings, vintage chandeliers, and five fireplaces.
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The kitchen includes a grand eat-in layout suited for entertaining, while the primary suite offers ocean breezes and serenity that hint at Petty’s lifelong desire for escape from the chaos of touring life. The home also features carved skylights and numerous artful details, lending a sense of character rarely found in today’s modern builds, as highlighted by Realtor.com.
The dining room at Tom Petty’s Malibu estate showcases white furniture paired with wooden beams, creating an inviting space that complements the home’s coastal charm.
The real centerpiece, however, is tucked away in what was once a two-bedroom guesthouse—now transformed into a pre-wired, acoustically treated recording studio. Petty used the space to write and rehearse, and it remains one of the few private studios built for a Hall of Fame artist that’s still intact. According to Fox Business, the studio was central to his creative process in his later years, making the property particularly desirable for musicians or collectors seeking authenticity.
The serene bedroom in Tom Petty’s Malibu home combines crisp white décor with natural wood elements, offering a peaceful retreat with coastal elegance.
Outdoors, the home includes koi ponds, waterfalls, a lagoon-style pool, a fire pit, and even a sport court suitable for both basketball and pickleball. There’s room for about 15 cars thanks to the long motor court and secondary garage, with staff quarters discreetly set aside for added privacy. Despite the area being periodically threatened by wildfire, Fox Business confirmed that this particular estate has remained unaffected by recent blazes in nearby Pacific Palisades and the Santa Monica Mountains.
The spacious home gym at Tom Petty’s Malibu estate features state-of-the-art equipment, abundant natural light, and warm wooden finishes for a motivating workout environment.
This isn’t the only piece of Tom Petty real estate that’s drawn headlines in Malibu. In late 2022, Forbes reported that a separate, more contemporary beachfront home owned by Petty was also listed for sale—priced around $9.85 million. That property also featured a studio setup and was similarly aimed at wealthy music aficionados. Yet it’s the Escondido Beach compound, the current $15.49M offering, that remains the most closely tied to his legacy.
A cozy outdoor seating space at Tom Petty’s Malibu home, sheltered by a vine-covered canopy that blends nature with relaxation.
Tom Petty FAQs (People Also Ask)
What makes Tom Petty’s Malibu estate unique?
It features a custom-built music studio crafted from a guest house, pre-wired and acoustically tailored—a dream for musicians and fans.
Why was the price reduced from $19M to $15.49M?
The estate, originally listed in 2024, has been reintroduced at a lower price to attract serious buyers amid shifting market conditions.
Where is the estate located?
The property sits on 2.6 acres above Escondido Beach and Paradise Cove in Malibu, California, offering privacy and ocean-adjacent serenity.
Are there other Tom Petty Malibu homes on the market?
Yes—Petty's separate Escondido Beach bungalow, listed near $9.85 million in 2022 and 2023, was also featured in outlets like Forbes and Architectural Digest
The backyard of Tom Petty’s Malibu estate offers a perfect blend of leisure and ambiance with a sparkling pool and inviting fire pit area.
Fans of Petty might remember earlier this year when a massive estate sale on the property drew collectors from across the country. Memorabilia, instruments, and custom furnishings from the home were sold, yet the studio—and its creative energy—remains. Now, that piece of music history is ready for its next chapter.
Whether you’re a superfan, a producer, or a buyer looking to own a piece of rock and roll royalty, this property is a living tribute to a man whose music shaped generations. And at its reduced price, it might just strike the perfect chord.
