Nick Nolte to Sell Malibu Home for $8.25 Million

The "Down and Out in Beverly Hills" actor, Nick Nolte has reportedly listed his residence in Malibu with an asking price of $8.25 million. Nolte purchased the home sometime back in 1990.

According to the Los Angeles Times, the place has a celebrity pedigree to it. It was previously owned by various celebrities like music producer David Foster and Don Felder of the Eagles. Originally, the home belonged to comedian, Tommy Chong. The listing lies with Jane Kellard of Westside Estate Agency.

The listing records state that the home is in the prime locale of Bonsall Canyon and is surrounded by Sycamores, corrals and pines. The residence is a single family house spread over an area of 6006 square feet sitting on a 91,027 square feet lot. The home was built in 1963 and has high vaulted ceilings, hardwood and marble flooring and large wooden French doors and windows.

The main unit is a double story, four bedroom - four bathroom place with six large fireplaces, large living room, dining area and a modern kitchen with a breakfast area. Wooden stairs lead up to the upper floor, which has a built-in rack library, an office and the master bedroom with an ensuite bathroom.

Outside, the property has lots of green space, a pool and a basketball court too. The residence has a six car parking garage.

Check out the photos of the home, here.

Apparently, Nolte is selling his house because he is moving to a property that is just adjacent to the home he has listed. Over the years, he has amassed many properties around the area. In October 2008, his home (the listed one) caught fire and he had a narrow escape then. The fire had caused damages worth $3 million and he spent almost a year fixing it, reports the Wall Street Journal.

Nolte has had a great acting career. The 72-year-old's last movie was "The Company You Keep", which did reasonably well on the box office and his performance was also lauded in the movie.

Check out an interview where Nolte talks about the movie and working with the director, Robert Redford, below:

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