The Malibu, Calif. home of the late philanthropist Nancy M. Daly, the ex-wife of former Los Angeles Mayor Richard Riordan, has sold for more than $40 million. It was first listed for $57 million and most recently asked $47 million.

The buyer, listed as a Delaware limited-liability company in public records, intends to lease the mansion on Carbon Beach, according to a source with knowledge of the deal.

Neighbors on “Billionaire’s Beach” include Microsoft co-founder Paul Allen, David Geffen and Jeffrey Katzenberg. The home, on 0.75 acre with 180 feet of beach frontage, has eight bedrooms, nine fireplaces and a double-height living room with glass doors which slide into a wall. The estate features 12,785 square feet, 9 fireplaces, a double-height living room with glass walls, swimming pool and spa that is covered by a frame-less glass wind screen.

This retreat also comes equipped with a sports court and balconies and terraces galore – one of which is accessible through the master suite, and another by a stone staircase.  Ms. Daly built the mansion in 2002 after buying the three lots comprising the estate in the 1990s.


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