Reblogged from the Real Estalker

Re-blogged from the Real Estalker... a bit of Malibu real estate news--well, a bit of Malibu real estate trouble really.

"There's trouble in paradise if one's idea of paradise is the freakishly expensive strip of sand known as Broad Beach in Malibu, CA. Broad Beach has for decades been lined with beach bungalows and ocean front mansions, many owned by rich and famous folks, showbiz executives, and a slew of west coast-based Wall Street types.

One of Broad Beach's newest mansions, now just about finished, was built for and is owned by smoldering Irish-born movie star Pierce Brosnan (Mamma Mia!, The Thomas Crown Affair and half a dozen money makers from the James Bond film franchise) and his second wife, former actress/tee-vee presenter/activist Keely Shaye Smith.

We're not sure why the gossips at X17 reported earlier in the week that Mister Brosnan and Missus Shaye Smith paid a bone shattering $45,000,000 for the two-parcel ocean front spread because the admittedly somewhat vague online records we peeped indicate they acquired the property in March 2000 for $5,100,000.

Whatever the case, the existing house was razed (or at least significantly dismantled) and replaced by a gigantic, just about completed U-shaped Balinese-inspired mansion with ocean side swimming pool and detached guest/pool house.

Unfortunately for Mister Brosnan, Missus Shaye Smith and the many of the other well-heeled (but probably bare-footed) Broad Beach home owners, the shoreline has eroded and diminished significantly over the last 10 or so years. In order to protect their newly built residence, Mister Brosnan and Missus Shaye Smith, as well as numerous other residents along Broad Beach, erected a ghastly but necessary tall wall of sandbags to hold the advancing ocean at bay. More recently home owners along Broad Beach spent boo coo bucks to construct an an even more unsightly and permanent rock revetment between their homes and thundering surf.

Fortunately for him and his, Mister Brosnan's just about completed crib has a swimming pool but should he or any of his children and/or guests desire to stroll along the shoreline or bob around in the ocean, they must first make a grisly, knee scraping scramble over the revetment.

Some of the other property owners who share the same stretch of eroding shoreline as the Brosnans include Tinseltown types such as Steven Spielberg (who leased his contemporary Craftsman-style compound last summer to David and Victoria Beckham for $150,000 per month), Mike Ovitz, Dustin Hoffman, Danny DeVito and Rhea Pearlman, and a slew of high-flying financiers and real estate developers who include Mark Attanasio, George Novogroder, Edward Roski Jr., tool tycoon Eric Smidt, and former shipbuilding mogul turned investor Burton Borman whose 10,000-plus square foot Frank Gehry-designed digs on Broad Beach include, of all luxuries, a lighted and sunken ocean side tennis court.

This is not the first Broad Beach area home Mister Brosnan and Missus Shaye-Smith Brosnan have owned. In fact, the environmentally concerned couple have long resided in Malibu in a Mediterranean style hillside house that sits much closer to busy and loud Pacific Coast Highway than the beach. In June 2010 Mister Brosnan and Missus Shaye-Smith Brosnan listed their 3,412 square foot hillside house with an asking price of $3,900,000. Just a few days before Christmas, eighteen months after first being listed, several price chops that brought the final asking price to $2,790,000, and at least one failed escrow the two-story, 3 bedroom, 3.25 bathroom and 4 fireplace Brosnan/Shaye Smith abode has been sold to a non-celebrity for an undisclosed price We heard through the Malibu celebrity real estate gossip grapevine but can't confirm it went for $2,650,000.

Property records indicate Mister Brosnan and Missus Shaye Smith also own at least one home near the scenic Hanalei and Wainiha bays on the star-studded Hawaiian island of Kauai."