Tom Petty’s Gorgeous Malibu Lake House Hits the Market for $5.9M

Petty and wife Dana bought the property in 2007. Featuring three bedrooms, three baths and a variety of rock star-level amenities, the 5,300-square-foot home is adjacent to a Malibu lake, just a few miles from the Pacific Ocean.

“Feels like Lake Como but close to Westlake Village, Malibu and Sherwood Country Club,” declares the listing. “A natural lake where you can swim, boat and fish in a rustic mountain setting. Live like a rock star on vacation!”

The home is believed to have a long association with Hollywood, and is believed to have been built by a set designer for silent-movie icon Rudolph Valentino – who reportedly died before he was able to move into the completed home. Other owners of the home include music composer Ralph Carmichael (who wrote songs recorded by Bing Crosby, Ella Fitzgerald and Nat King Cole).

With its stone walls and floor, and rugged wood beams atop the soaring double-height ceiling, the look is rustic and relaxing.

Check out the intricate details on the hand-carved wood fireplace mantel.

The man who built the home (who died of appendicitis before the home’s completion in 1931) was striving to recreate a Mediterranean villa.

The large master suite was a later addition to the home, added in 2004, and is augmented by a fireplace, spacious ensuite and a private deck accessed by French doors.

The gorgeous lakefront views seen from the covered patio area off the master suite are nothing short of spectacular. Not surprisingly, the area is sought-after by celebrities, with stars such as Britney Spears, Wayne Gretzky and Sylvester Stallone all having reportedly owned homes in the area.

The design creates a seamless flow between spaces, evident in this hallway that joins the spacious master suite to the stunning ensuite bathroom.

The views are pretty sweet from the master ensuite, which is centred around a deep stone soaking tub offering an overlook of the lake.

Another of the home’s three bedrooms, this one also boasts its own private deck.

The open-concept kitchen features stainless steel appliances, granite countertops, dual cooktops and a large island housing the sink, which also doubles as a breakfast bar.

The faux-finish walls add a rustic textural touch that accents the dark wood cabinetry and brick-style tile floors.

The stainless steel appliances are surrounded by the richness of the wooden cabinetry to provide a beautiful blend of modern and rustic.

The dining area features a rustic chandelier that holds large candles, with double French doors bringing in the spectacular lakefront setting.

Here’s the room where Petty and his pals would shoot a game of pool, with a wall of windows flooding the room with California sunlight.

The fieldstone walls and stone flooring provide a castle-like feel that is warmed up by the addition of heavy wooden antique furnishings, while white overstuffed sofas are calm and inviting.

One of the home’s defining characteristics is its high ceilings, which are evident throughout.

The castle-like feel is especially felt in this staircase foyer area, with fieldstone walls, stone floors and polished terra cotta tiled stairs.

Petty and his family used this home as a weekend retreat, and reportedly visited it often with wife Dana. The design in this living room is rustic and relaxing, with large, comfy sofas, wooden beamed ceilings and eye-catching wooden armoirs.

As you’d expect, the home is loaded with inviting, relaxing outdoor spaces that take full advantage of the gorgeous natural setting, with a wood-burning fireplace warming up the evenings.

This enclosed steam shower is built for two.

In addition to steam, the home also boasts this spacious sauna.