Tom Petty's former Malibu mansion available for $15 million

In July 2025, the former residence of the late musician Tom Petty was put on the market for just over $15 million, attracting attention from real estate enthusiasts and fans alike. Located in Malibu, California, this expansive property spans 2.6 acres and includes a primary house with seven bedrooms and ten bathrooms, all within a four-home enclave above the picturesque Escondido Beach and Paradise Cove. The property features a custom music studio, originally built from a two-bedroom guest house and garage, which was an integral part of Petty's creative process. The iconic musician lived in this mansion until his passing in 2017 due to cardiac arrest at the age of 66, leaving behind a legacy of rock music that began with his band Mudcrutch in the 1970s. Notably, Petty's home remained untouched during the devastating Pacific Palisades fire that affected parts of Malibu, further adding to its allure among potential buyers. Initially listed for $19 million in June 2024, the price was dropped after the property was taken off the market. Tom Petty and his wife, Dana, purchased the Malibu estate in 1998, creating a peaceful retreat where he could escape to focus on his music. With a career spanning several decades and a reputation cemented by hits from Tom Petty and the Heartbreakers, the sale of his home marks a poignant moment in real estate, as it embodies not only the physical space where artistic creation occurred but also the memories and heritage of an influential figure in rock music. Fans and collectors of music memorabilia are sure to take interest in acquiring a piece of property once owned by such a legendary artist.